date:Jul 25, 2012
the year were $13,094.3 million, up 7 percent from $12,202.7 million.
Pre-tax profits historically have been the key metric used in establishing performance goals for our CEO and other executives whose responsibilities are not limited to particular business segments, the statement said. Accordingly, the CEOs total direct compensation moves up and down in proportion to the companys profitability.
In fiscal 2012, this linkage resulted in a 56 percent decline in our CEOs cash incentive compensat