BUSINESS BRIEFING / COMPENSATION
TIMES WIRE REPORTS
Dean A. Scarborough, chief executive of Avery Dennison Corp. of Pasadena, received compensation last year valued at $6.4 million, according to an Associated Press calculation of figures disclosed in a regulatory filing. However, much of it came in stock options that currently have little value.
Scarborough received a salary of $945,000, compared with the previous year’s $916,000.
Scarborough received stock awards and options valued at about $4 million at the time they were granted. Avery Dennison shares are now trading at less than half the level of the options’ strike price of $52.12.
