Ecolab CEO Baker Gets $5.7 Million In 2008

The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission, which reflect the size of the accounting charge taken for the executive's compensation in the previous fiscal year.

Last month, the St. Paul, Minn.-based company said fourth-quarter profit slipped 29 percent on a $19 million writedown of investments in an energy management business and restructuring costs. The company in January said it planned to cut 1,000 jobs.

Last year, the stock declined 31.2 percent.