Value Of AutoNation CEO's 2010 Compensation Rose 31%

Date : 03/23/2011 @ 4:34PM
Source : Dow Jones News
Stock : Autonation, Inc. (AN)
Quote : 39.27  0.37 (0.95%) @ 4:02PM

Value Of AutoNation CEO's 2010 Compensation Rose 31%

Autonation (NYSE:AN)
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AutoNation Inc. (AN) Chairman and Chief Executive Mike Jackson's received total compensation for 2010 valued at $6.8 million, up 31% from the prior year.

The increase was largely due to higher nonequity incentive plan compensation, which rose to $2.9 million from $1.7 million.

The car-dealership chain has been benefiting from a rebound in the auto industry. Last month, it reported a better-than-expected increase in profit on higher sales of both new and used vehicles.

Shares closed Wednesday up 1.1% at $33.38 in trading before the close. The stock has risen 69% in the last year, outperforming the wider market's gains.

-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

 
 

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