Philip Morris Int'l's Camilleri made $20.2M in '11


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Salon Staff
April 3, 2012 5:54PM (UTC)

RICHMOND, Va. (AP) — Philip Morris International Inc. CEO Louis Camilleri received a pay package valued at more than $20.2 million in fiscal 2011, down slightly from fiscal 2010.

That's according to an Associated Press analysis of data filed by the overseas Marlboro cigarette maker filed with regulators.

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Camilleri's salary increased slightly to $1.75 million and he received an $8.8 million performance-based bonus. The value of his stock options and awards fell 14 percent to $9.1 million.

Last year, Philip Morris International saw its net income rise 18 percent to $8.59 billion and its net revenue excluding excise taxes grew 14 percent to $31.1 billion. Shipments rose nearly 2 percent to 915.3 billion cigarettes.

The AP's calculation counts salary, bonuses, perks, stock and options awarded to the executive during the year.


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