Gateway CEO receives $2.7 million in pay
From the Associated Press
Gateway Inc. said it paid Chief Executive J. Edward Coleman a total of $2.7 million after he started the job Sept. 18.
The figure includes a $217,000 cash signing bonus, $25,361 in relocation costs and a $1,875 401(k) match, according to the company’s annual proxy statement filed with the Securities and Exchange Commission.
Coleman also received a bonus of $189,500, an amount that exceeded his 2006 salary of $187,500. Coleman’s regular annual salary has been set at $650,000.
He was also granted 2,204,137 stock options under the company’s equity incentive plan. The company estimated the value of the options on the grant date at $2,101,898.
