John Wiehoff, C.H. Robinson Worldwide

March 26, 2011 at 12:39AM
John Wiehoff
John Wiehoff (Jm -/The Minnesota Star Tribune)

Who: John Wiehoff, chairman, president, CEOTotal compensation: $14,098,034 for the year ended Dec. 31

Salary: $400,000

Non-equity incentive pay: $1,390,345

Other compensation: $30,839

Exercised stock options: $7,872,742

Value realized on vesting shares: $4,404,108

Total 2010 return to shareholders: 38.8 percent

Note: Wiehoff's annual salary hasn't changed in five years, and his annual incentive increased 6 percent over 2009. But the reason his total compensation for 2010 increased 81 percent over 2009 was an increase in the value of options exercised and the value of restricted stock that vested during the year. The increase came from $7.9 million in exercised stock options and $4.4 million from the value of stock awards that vested. Wiehoff had earned $6.1 million from option gains and vested shares in 2009. The annual incentive pay increased due to an approximately 6 percent increase in the company's adjusted pretax income for the year. C.H. Robinson, which provides freight transportation services and logistics services, saw total revenues increase 22.4 percent in 2010. Earnings of $387 million were up 7.3 percent over 2009.

PATRICK KENNEDY

about the writer

about the writer

More from Business

card image

Airport police now have a social worker on staff to help travelers who are struggling with mental health challenges.