Pay declines for Northrop CEO
From Times Wire Services
Ronald Sugar, the chief executive of defense contractor Northrop Grumman Corp., saw his compensation decline nearly 8% in 2007, even as the Century City-based company’s stock price climbed, according to a Securities and Exchange Commission filing.
Sugar got $17.2 million, most of it in stock and options awards totaling about $11.9 million. He received $1.5 million in salary, a $3.1-million performance-based bonus and about $700,000 in other compensation.
