Anheuser-Busch CEO gets salary of $1.53 million for ’05
WASHINGTON ” Anheuser-Busch Cos. said Friday that President and Chief Executive P.T. Stokes received a $1.53 million salary for 2005, up from the $1.46 million salary he got for 2004.
The St. Louis-based beer brewer also said Stokes, along with other top executives, didn’t receive any bonus for last year, according to the company’s annual proxy filed with the Securities and Exchange Commission.
Stokes had received a $3.14 million bonus for 2004.
Anheuser-Busch said that Stokes also received restricted stock valued at $1.89 million and 693,187 stock options for the past year. For 2004, Stokes received no restricted stock and 900,000 options, the company said.
Stokes also received $189,033 in other compensation for the year, including $16,125 for club dues, according to the proxy.
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Earlier this month, Anheuser-Busch reported that 2005 net income decreased 18 percent to $1.84 billion despite slightly higher sales.