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Tighter Budget Didn't Hurt Mondelez CEO's Pay -- Market Talk


DOW JONES & COMPANY, INC. 11:24 AM ET 3/27/2015

Symbol Last Price Change
MDLZ 35.05up 0.12 (0.34%)
QUOTES AS OF 12:32:39 PM ET 03/27/2015

11:24 EDT - Mondelez(MDLZ) CEO Irene Rosenfeld has been on a cost-cutting mission for the past year, using the increasingly-popular budgeting tool zero-based budgeting. It may mean more flights in coach for her, she has said, but it hasn't hurt her salary. Last year, her bonus more-than doubled to $3.7M as she hit targets. And her total compensation rose 50% to $21M. Though revenue fell 3% last year to $34.2B, MDLZ's adjusted operating income rose 10%-- that excludes foreign currency exchange, restructuring costs and other charges not related to the day-to-day business. ([e-mail])


(END) Dow Jones Newswires
03-27-151124ET
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