Starwood Hotels & Resorts Worldwide CEO Frits van Paasschen collected approximately US$9.5 million in salary, bonuses and stock options in 2010—up 7% from his 2009 compensation.
Van Paasschen’s salary rose to approximately US$1.2 million from US$1 million the year before, and his performance-based cash bonus jumped US$1.3 million to US$3 million, according to a review of Starwood regulatory filings by The Associated Press. Van Paasschen’s stock options fell slightly, from US$5.3 million in 2009 to US$5.2 million last year.
AP calculates executive compensation based on filings with the U.S. Securities and Exchange Commission, isolating the value the company's board placed on the executive's total compensation package.
Van Paasschen’s salary rose to approximately US$1.2 million from US$1 million the year before, and his performance-based cash bonus jumped US$1.3 million to US$3 million, according to a review of Starwood regulatory filings by The Associated Press. Van Paasschen’s stock options fell slightly, from US$5.3 million in 2009 to US$5.2 million last year.
AP calculates executive compensation based on filings with the U.S. Securities and Exchange Commission, isolating the value the company's board placed on the executive's total compensation package.