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DALLAS (AP) - The new chief executive of electric utility TXU Corp. got $55 million in compensation last year, mostly stock-related bonuses that kicked in as the company's shares soared.
C. John Wilder, 46, who joined TXU in February 2004, got a salary of more than $1 million, a $15.9 million bonus and perks including $561,000 for use of the company aircraft last year.
But the biggest chunk of Wilder's compensation — $36.9 million — came as stock incentives in his contract vested because of a sharp run-up in TXU's shares, according to TXU's proxy filed Friday with the Securities and Exchange Commission.
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