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LOUISVILLE, Ky. (AP) - David Novak, chairman and chief executive of fast-food giant Yum Brands Inc., received compensation valued at $9.1 million last year, according to a regulatory filing Friday.
Novak, who became CEO in 2000 and assumed the chairmanship a year later, collected a salary of $1.2 million and $3.3 million in non-equity incentive plan compensation, which is a reward for the company's performance last year, according to the proxy statement filed with the Securities and Exchange Commission. His "other" compensation of $169,310 included more than $147,000 for personal use of company aircraft, insurance premiums and miscellaneous payments.
Novak also was awarded stock and options in 2006 that had an estimated value of $4.4 million on the day they were granted.
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