CEO PAY WATCH: HORMEL FOODS CORP.Jeffrey Ettinger, chairman, president, CEO
Total compensation: $4,315,113 for the year ended Oct. 31
Non-equity incentive pay: $3,255,144
Other compensation: $59,449
New stock options: 700,000
Total fiscal 2012 return to shareholders: 2.3 percent
Note: For the first time, Ettinger's base salary exceeded $1 million, but it is the second year in a row that his annual incentive compensation went down. That contributed to a 14 percent decrease in total compensation for the year.