CEO Hammergren's Pay Jumps To $29.7 Million

NEW YORK (AP) — McKesson Corp. Chairman John Hammergren's compensation rose nearly 11 percent to more than $29.7 million in fiscal 2009 as the prescription-drug distributor grappled with falling profit on a series of charges and the economic downturn.

Hammergren's salary for fiscal 2009 rose 6.3 percent to just under $1.6 million, according to an Associated Press analysis of data filed with regulators Monday.

The 50-year-old chief executive's package also included $12 million in a performance bonus, up slightly from the prior year, while his perks fell by 3 percent to $988,793. Those perks include company contributions to a retirement plan and use of the corporate jet, along with a personal driver and security. ...