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CMS Energy Chief Got $4.2M In 2008 Compensation

Stock quotes in this article: CMS  

NEW YORK (AP) — Utility company CMS Energy Corp. raised its chief executive's total 2008 compensation about 7 percent, according to an Associated Press calculation of figures disclosed in a filing with the Securities and Exchange Commission.

CEO David Joos received a pay package worth $4.2 million, compared with the $4 million received in 2007, but the bulk of that rise came from a 12 percent bump in restricted stock awards, which have fallen in value as the natural gas and electric utility's stock has slipped slightly since the awards were granted.

These stock awards were valued at $2.2 million when they were granted Aug. 6, 2008. Since then, shares of CMS Energy have fallen 11 percent. ...

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