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Compensation Rises 6 Pct For CenterPoint's CEO
Stock quotes in this article:
CNP
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By SANDY SHORE
DENVER (AP) — The president and chief executive of utility CenterPoint Energy Inc. received total compensation valued at $4.9 million in 2008, up 6 percent from a year ago, according to a regulatory filing Friday.
A little less than one-half of David M. McClanahan's compensation came in the form of stock and option awards that were valued at $2.06 million when issued in February 2008, the filing with the Securities and Exchange Commission said.
The company's stock has lost about a third of its value since then. ...
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