Wednesday, December 15, 2010

Stock award boosts Monsanto CEO's pay to $13 million

Monsanto's net income fell 47 percent in fiscal 2010, and its share price declined by 37 percent.
The details of Grant's pay are disclosed in a proxy statement fiiled today. At their annual meeting on Jan. 25, Monsanto shareholders will get to cast a nonbinding "say on pay" vote for the first time. In arguing for a "yes" vote,
Monsanto notes that pay packages were "adjusted to reflect our expectations for a difficult business year."

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