Frontier CEO Compensation Up 55 Percent

NEW YORK (AP) — Frontier Communications Corp. Chief Executive Mary Agnes Wilderotter received a compensation package valued at more than $7 million for 2008, a 55 percent increase from the year before, according to an Associated Press analysis of figures released in a regulatory filing.

Most of the increase, however, came in stock grants that have declined in value with the price of shares.

Wilderotter, 54, who has served as the company's CEO since January 2006, earned a base pay of $920,833, up about 5 percent over 2007, according to a filing with the Securities and Exchange Commission Monday. Her compensation totaled roughly $4.5 million in 2007. ...