Former Amphenol CEO Got 2008 Pay Valued At $2.2M

The Associated Press formula is designed to isolate the value the company's board placed on the executive's total compensation package during the last fiscal year. It includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.

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.

Wallingford, Conn.-based Amphenol posted 2008 earnings of $419.2 million, or $2.34 per share, up from $353.2 million, or $1.98 per share, in 2007. Revenue rose to $3.24 billion from $2.85 billion.

The company's shares dropped sharply in 2008 amid the global economic turmoil — to $23.98 at the end of the year from $47.04 at the end of 2007.