CHICAGO (AP) — An Associated Press analysis shows that the top executive of the nation's largest nuclear power company received total compensation of $12 million in 2009, a 1 percent drop from 2008.
But about 70 percent of the package for John Rowe, chairman and CEO of Exelon, came in the form of stock options that currently have little value unless the company's stock price increases.
Like other power companies, Exelon has been hurt by declining electricity consumption caused by the Great Recession.
The AP's executive pay calculation, based on a regulatory filing, aims to isolate the value the company's board placed on the CEO's total compensation package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.
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