Northrop CEO’s Compensation Up 18%

From Bloomberg News

Northrop Grumman Corp., the world’s largest maker of warships, paid Chief Executive Ronald Sugar $6.91 million in 2004, an 18% increase over the previous year. He also received 250,000 options worth $3.79 million.

Sugar, 56, earned $1.28 million in salary in 2004, compared with $1.04 million in 2003, the Century City-based company said in a filing with the Securities and Exchange Commission. Sugar’s bonus climbed 17% to $3.1 million.