Northrop Chief’s Pay Rose in 2004
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Northrop Grumman Corp. Chairman and Chief Executive Ronald D. Sugar earned $4.4 million in salary and bonus last year, up 19% from 2003, according to a regulatory filing Tuesday.
Century City-based Northrop, which makes warships, missiles, radar equipment and the Global Hawk spy plane, said in its annual proxy filing with the Securities and Exchange Commission that Sugar earned a salary and bonus of $3.7 million in 2003.
Sugar’s total package last year, including $2.4 million for long-term incentive plan payouts and $161,536 for car allowances, tax preparation and use of company aircraft, was $6.9 million -- up 18% from 2003.
But Sugar received fewer securities options last year -- 250,000 compared with 300,000 the year before.
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