Reply #53: Ryder Systems CEO 2004 total pay $3.69 mln, up 79 percent [View All]

[UpInArms]

http://cbs.marketwatch.com/news/story.asp?guid=%7BDE0FD7CB%2D9AA3%2D4A92%2DAF17%2D13EF86949187%7D

WASHINGTON (MarketWatch) -- Ryder System Inc. (R) said Wednesday that Chairman, President and Chief Executive Gregory T. Swienton got total compensation of $3.69 million for 2004, a 79% increase from $2.06 million in 2003.

Both amounts exclude the grant of stock options and restricted stock awards.

According to a definitive proxy filed with the Securities and Exchange Commission, the Miami-based transportation company said Swienton received a total 2004 bonus of $2.8 million, comprised of a $1.11 million bonus and a $1.69 million deferred bonus that was earned under Ryder System's long-term incentive plan.

The company said it paid Swienton a salary of $685,000 in 2004, other annual compensation of $9,612 and "all other compensation" of $193,323.

For 2003, Swienton was paid a total bonus of about $1.42 million comprised of a $616,314 bonus and a $798,855 deferred bonus. His 2003 compensation also consisted of a $633,750 salary, other annual compensation of $2,697 and "all other compensation" of $11,431.

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