Forbes.com report that Procter & Gamble Co. chief A.G. Lafley received compensation the world's largest consumer products company valued at $27.7 million last year, a regulatory filing Tuesday shows. The total compensation was for P&G's fiscal year that ended June 30.
Lafley, P&G's chairman and chief executive officer, also was given other compensation of $377,000. That included a company grant of stock beyond a profit-sharing program that is capped by tax regulations and a tax reimbursement for a previous assignment in Japan, as as well as perquisites valued at $314,000. Most of that, nearly $214,000, was for personal use of the company plane, which Lafley is required to fly on under company security policies.
Lafley, who became CEO seven years ago of the maker of such products as Tide detergent, Pampers diapers, and Crest toothpaste, had stock and option awards valued at nearly $19.6 million when they were granted.
