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Corning Boosts CEO's Compensation

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WASHINGTON, May 4 -- Corning Inc. nearly tripled a compensation package last year for its top executive, Roger Ackerman, the company said in a proxy statement filed on Wednesday. Excluding stock options, Ackerman, who is the company's chief executive and chairman, was paid a total of $7 million in 2000, compared with his 1999 compensation of $2.4 million.     "The (compensation) committee assessed Mr. Ackerman's individual performance as highly effective in the overall achievement of a second consecutive year of record earnings and growth," the company said in the annual report to...Read full article

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    Published: May 2001
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