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Alltel filing reveals executive compensation from buyout Friday, Mar 21, 2008 Arkansas News Bureau LITTLE ROCK - A regulatory filing made Thursday revealed the compensation Alltel Corp. executives received last year, including cash related to the company's buyout last year. The company's CEO, Scott Ford, received more than $127.7 million in salary, stock awards and additional compensation in 2007, according to a Securities and Exchange Commission filing. Of that figure, $107.7 million was related to the company's go-private transaction with TPG Capital and GS Capital Partners. Ford, who will continue in his role at Alltel, rolled $21.9 million of the money made from the sale into a stake in the newly private company, as did other Alltel executives. Group president Kevin Beebe received $60 million last year, with $51 million coming from the company's sale. Chief operating officer Jeff Fox received a total of $59.3 million last year, with $47.9 million of that coming from the buyout. He invested $9.9 million in the newly private company. General counsel Rick Massey received $50.8 million last year, with $42.9 million coming from the private equity buyout. He rolled $1.9 million of that into the new private venture. Chief financial officer Sharilyn Gasaway received $36.6 million last year, with $29.8 million of that coming from the company's sale. She invested $3.9 million of that into the newly private company. C.J. Duvall, executive vice president of human resources, received $9.5 million last year, with $4.8 million coming from the buyout. Duvall invested $1.9 million in Alltel. |
