AutoNation CEO gets first base salary increase in 12 years

Article by Christian A., on March 26, 2014

Mike Jackson, chief executive of AutoNation Inc., is getting an increase salary for the first time since 2002. AutoNation said in its proxy filing that Jackson will receive a base salary of $1.25 million this year, representing an increase of $100,000 over his salary for the past 12 years.

Despite his flat salary, Jackson’s overall compensation has varied in the past 12 years due to bonuses, stock options and allowances. In 2013, Jackson received a total pay of $6.28 million, compared to $6.55 million in 2012. He received a bonus of $1.65 million in 2013, down from $2.06 million in 2012. On the other hand, the value of stock options awarded to Jackson in 2013 surged to $3.32 million.

Jackson’s chief lieutenant, chief operating officer Mike Maroone, also received a lower overall pay in 2013 to $5.05 million. He received a total of $5.11 million in 2012. While $1 million base salary was unchanged, his bonus dropped to $1.07 million from $1.34 million. The value of stock options awarded to Maroone surged to $2.66 million, up from $2.53 million.

The compensation packages for AutoNation top two covered items like aircraft and vehicle allowances -- $164,951 for Jackson and $319,425 for Maroone. According to the proxy filing, AutoNation slightly improved its 2013 targets for the performance metrics that guide executive compensation. The company said bonuses were higher in 2012 since it was able to top its performance metric targets for that year by a larger margin.

Topics: autonation, ceo

If you liked the article, share on:

Comments

Recommended

A lot of us know Singer Vehicle Design and their signature work of reimagining Porsche 911s, and making them look like hot rods from the 70s. They are not alone...
by - August 20, 2017
August 17, 2017 is a sad day for the Dodge Viper, its fans, enthusiasts and its admirers. It is the day when the last Dodge Viper rolled off the assembly...
by - August 20, 2017
A few months ago, Mercedes-Benz promised that they will be treating everyone to a “big surprise” during the Monterey Car Week. And true enough, many of us were stunned as...
by - August 19, 2017
McLaren has already shown some interest in electrifying their models. And initially, we thought that they will just use hybrid systems to use across their current lineup. Nevertheless, we have...
by - August 19, 2017
Fifty years after its glorious victory at the 24 Hours of Le Mans, Ford launches the 2018 Ford GT ’67 Heritage Edition at the 2017 Monterey Car Week. The red...
by - August 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries