The CEO of UPS is getting $10.7 million in annual compensation, but that's down a bit because the big package-delivery firm was less generous with incentive pay.
Chairman and CEO Scott Davis got a 3 percent increase in salary last year, to nearly $1.1 million, but most of his compensation comes in the form of stock awards.
Last year his stock awards were worth an estimated $8.7 million on the day they were granted. That's down from the year before, when Davis' stock awards were worth nearly $9.5 million.
The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
A Suffolk house fire displaced a family of seven Wednesday morning.
An Oscar Smith football player was named the 2013-2014 Gatorade National Football Player of the Year Wednesday.
A building at Norfolk State University has been evacuated due to a gas leak.