Western Digital CEO Drew $1.5 Million for Last Year

Charles Haggerty, chief executive of beleaguered hard-drive maker Western Digital Corp., earned $1.5 million in salary, long-term incentives and other compensation last year, according to regulatory filings. Haggerty, who has led the company since 1993, did not receive a bonus during the period in which the Irvine company, suffering through an industrywide slump, had its worst year ever, losing $493 million. About half of Haggerty’s compensation was part of a long-term incentive package. Haggerty also received options on 329,218 shares of company stock, but the specified price on all of them is significantly higher than the Friday closing price of $3.63 a share. In the previous year, Haggerty earned $1.2 million in salary, long-term incentives and other compensation. He also received options on 375,000 shares.