Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Colgate-Palmolive Company    CL

News SummaryMost relevantAll newsSector news 

Colgate-Palmolive Company : Colgate CEO Cook's 2012 Total Compensation Up 4.5% From 2011

03/27/2013 | 03:22pm US/Eastern
   By Paul Ziobro 

Colgate-Palmolive Co. (CL) Chairman and Chief Executive Ian Cook received total compensation valued at $14.8 million in 2012, a 4.5% increase from the prior year, according to a Securities and Exchange Commission filing released Wednesday.

A key driver of the pay increase was a 65% increase in his annual performance-based bonus to $4.1 million from $2.5 million in 2011, as the company's per-share earnings growth, excluding currency effects, topped goals. Organic sales growth of 5.8% at the toothpaste maker also helped boost Mr. Cook's performance-based pay.

Mr. Cook's 2012 pay package included a $1.2 million base salary, up slightly from the prior year. His $7.8 million in stock and option awards fell from $8.8 million in 2011, while the change in pension value and non-qualified deferred compensation earnings rose slightly to $1.3 million.

Mr. Cook received $272,793 in other compensation, which includes company contributions to savings accounts and life insurance premiums, down slightly from the prior year.

Colgate's sales have been thriving of late as it pushes deeper into attractive emerging markets like India and Latin America. It expects to post double-digit earnings growth this year and organic sales growth of 7%, helped by a slate of new products and improvement from its Hill's pet food business.

Colgate shares closed down 0.5% Wednesday at $116.72, but they are still up 20.7% over the last 12 months. Earlier this month, Colgate announced plans for a two-for-one stock split that goes into effect on April 23.

Write to Paul Ziobro at paul.ziobro@dowjones.com

React to this article
11/30 COLGATE PALMOLIVE : Receives Sustainability Leadership Award at 2015 Greenbuild ..
11/26 COLGATE PALMOLIVE : U.S. Patents Awarded to Inventors in New Jersey (Nov. 26)
11/26 COLGATE PALMOLIVE : Assigned Patent
11/25 COLGATE PALMOLIVE : "Multi-Chamber Container" in Patent Application Approval Pro..
11/20 COLGATE PALMOLIVE : DOMINICA-BUISNESS-DCP closes operations, nearly 100 on bread..
11/19 COLGATE PALMOLIVE : Patent Issued for Oral Care System, Kit and Method (USPTO 91..
11/19 COLGATE PALMOLIVE : "Oral Care Implement" in Patent Application Approval Process..
11/19 COLGATE PALMOLIVE : Patent Issued for Dispenser with Rupture Member (USPTO 91810..
11/12 COLGATE PALMOLIVE : Patent Issued for Oral Care System, Kit and Method (USPTO 91..
11/12 COLGATE PALMOLIVE : Assigned Patent
News chart
Full-screen chart
Income Statement Evolution
More Financials