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Value Of AutoNation CEO's 2010 Compensation Rose 31%

DOW JONES NEWSWIRES AutoNation Inc. (AN) Chairman and Chief Executive Mike Jackson's received total compensation for 2010 valued at $6.8 million, up 31% from the prior year. The increase was largely due to higher nonequity incentive plan compensation, which rose to $2.9 million from $1.7 million. The car-dealership chain has been benefiting from a rebound in the auto industry. Last month, it reported a better-than-expected increase in profit on higher sales of both new and used vehicles. Shares closed Wednesday up 1.1% at $33.38 in trading before the close. The stock has risen 69% in the last year, outperforming the wider market's gains. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Autonation (AN)
DateTimeHeadline
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