Altria CEO Gets $11.6M In Compensation In 2008
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VINNEE TONG
NEW YORK (AP) The chief executive of the nation's biggest cigarette maker received compensation of $11.6 million in 2008 as he took charge of Altria after it had spun off its bigger international unit.
Michael Szymanczyk replaced Louis Camilleri as CEO of Altria Group Inc. as it spun off Philip Morris International at the end of March 2008. Camilleri became CEO of Philip Morris International Inc., the spinoff company that is the world's biggest nongovernmental cigarette maker.
Szymanczyk's 2008 pay was roughly half what Camilleri was given in 2007, according to an Associated Press analysis of a regulatory filing made Thursday. It was also up 29 percent from 2007, when Szymanczyk's total compensation was about $9 million. ...
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