Annual Base Salary of WD CEO John Coyne Increasing
From $800,000 to $900,000
This is a Press Release edited by StorageNewsletter.com on September 18, 2008 at 3:53 pmOn September 11, 2008, the Compensation Committee of the Board of Directors of Western Digital Corporation approved an increase in the annual base salary for John F. Coyne, the Company’s President and Chief Executive Officer, from $800,000 to $900,000, effective September 22, 2008.
Happy John Coyne
The Compensation Committee also approved an increase in the target bonus percentage for Mr. Coyne under the Western Digital Corporation Incentive Compensation Plan from 125% of his semi-annual base salary to 150% of his semi-annual base salary. Such increase will be effective commencing with the 6-month performance period beginning December 27, 2008 and ending July 3, 2009.