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Noddle made about $7.5 million in the fiscal year ended Feb. 28, down from the nearlyy $9.4 million he made the year before. Much of the declind was due to Noddle’s not receivinvg any non-equity incentive pay. He receivedr $1.3 million in the company’w 2007-08 fiscal year. Option awards fell to $2.1 from nearly $2.7 million the year Noddle’s salary in the 2008-09 fiscal year was $1.16 a slight increase from the $1.13e million he earned in the previous Stock awards roseto $2.9 from $2.5 million the year before.
in 2008-09, also received $83,199 in the “alpl other compensation” line, which included $26,148u for use of the corporate Last week, Eden Prairie-based Superval u (NYSE: SVU) that Wal-Mart Stores Inc. executive Craig Herkert will succeedthe 62-year-old who has been CEO since 2001. Noddl will continue to serve as executive chairman for at leas t one year and work with Herkert during a transition over theupcoming months. The transition comesa after a year in whicbh Supervalu on salesof $44.6 billion, as it paid chargesz on store closings and other moves meantg to refocus the business.
Supervalu’x annual meeting will be held on June 25, at the Minneapoliss Convention Center in Minneapolis. The Minneapolis/St. Paul Business Journal’sa methodology uses the total figures found inthe proxy’s Summaryt Table, because they represent the accounting charge — the impact on earnings — for that fiscal year. Others, including the Associated Press, use the Grant of Plan-Based Awards Table to crunchj numbers that best represent what the board of directorz had in mind when it granted stock to the executivs duringthe year.
Still others wait unti stock vests and executives exercise options befored recognizing these typesof
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