Thursday, March 22, 2007

VF CEO McDonald Receives $12.4M in 2006


The chief executive of clothing and jean maker VF Corp. received 2006 compensation the company valued at nearly $9.3 million, according to a regulatory filing Thursday.

Mackey J. McDonald got a salary of approximately $1.1 million and non-equity incentive plan compensation of some $1.5 million. He did not receive a bonus.

All other compensation totaled $80,510 and included $12,500 in matching contributions to a savings plan, $10,900 for financial planning, $18,740 for personal aircraft use and a $23,400 car allowance. Dues and subscriptions totaled $2,247, while tax gross up, which occurs when a company pays the taxes on an executive perks, came in at $12,723.

McDonald, 59, also received stock and option awards valued at about $6.6 million

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