Ecolab CEO Baker Gets $5.7 Million In 2008

By BETSY VERECKEY

NEW YORK (AP) — Cleaning and pest services company Ecolab Inc. Chief Executive Douglas M. Baker Jr. received compensation valued at $5.7 million in 2008, down 33 percent from his 2007 pay package.

According to an Associated Press analysis of a proxy statement filed Friday with the Securities and Exchange Commission, Baker received $1 million in base salary, up from $900,000 a year earlier. He earned a performance-based bonus of about $1.4 million, which is lower than the nearly $2 million he received in 2007.

Baker also received $157,560 in other compensation, or "perks," including costs associated with financial planning and spousal travel. That also includes $25,217 in life insurance premiums and $86,680 in matching contributions to savings and retirement plans. A year earlier, Baker received $180,094 in perks. ...