ADVFN - Advanced Financial Network.
HOME» NYSE » K » KFT Stock Price » KFT Stock News

Kraft Share News

 Kraft Foods, Inc. Stock Price
KFT Stock Price
 Kraft Foods, Inc. Stock Chart
KFT Stock Chart
 Kraft Foods, Inc. Stock News
KFT Stock News
 Kraft Foods, Inc. Company Information
KFT Company Information
 Kraft Foods, Inc. Stock Trades
KFT Stock Trades

Kraft CEO's Total 2011 Compensation Up 13.5% To $21.9 Million

By Paul Ziobro Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Kraft Foods Inc. (KFT) Chairman and Chief Executive Irene Rosenfeld received total compensation of $21.9 million in 2011, up 13.5% due to a higher performance-based bonus as organic-revenue growth exceeded expectations last year. Rosenfeld received a base salary of $1.5 million in 2011, up slightly from the prior year, and her stock and option awards increased to $9.7 million from $9.5 million, according to a Securities and Exchange Commission report filed late Monday. Her annual performance-based bonus was $4.2 million, nearly doubling from the prior year, as Kraft posted 6.6% organic sales growth in 2011, well-ahead of the 4% growth target. Kraft's adjusted operating income and free cash flow were just below the targeted goals, however. Rosenfeld's 2011 compensation also includes about $6.2 million in the change in value of her pension, up from $5.8 million in the prior year, and about $276,000 in all other compensation. Kraft's sales have been boosted by raising prices over the past year in response to higher costs. But Kraft has also been trimming expenses, and plowing some of the savings into marketing to support its brands, which has helped keep sales volumes afloat. Kraft has also been growing rapidly in emerging markets. The company is in the process of splitting up. It's faster-growing snack brands are going to be part of Mondelez International Inc., while the slower-growing North American grocery business is going to split off to become Kraft Foods Group Inc. Kraft expects the split up to be complete by the end of the year. Mondelez, which will be headed by Rosenfeld, will have roughly $35 billion in annual sales, housing brands like Oreo and Lu biscuits, Trident gum and Cadbury candy. Kraft Foods Group has tapped Tony Vernon, current president of Kraft's North America business, as chief executive, and will have about $18 billion in annual sales. Kraft shares were up 0.2% premarket to $38.47, and through Monday's close of $38.38, were up 21.4% over the past year. -By Paul Ziobro, Dow Jones Newswires; 212-416-2194;

Stock News for Kraft (KFT)
06/18/201213:40:20Kraft Offers to Exchange Up to $3.6 Billion in Debt
06/12/201208:24:25DE Master Blenders Seeks to Become No 2 Maker of Coffee, Tea
06/08/201210:50:11Kraft Foods Will Transfer Listing to Nasdaq
06/08/201210:05:20Kraft Foods Will Transfer its Exchange Listing to Nasdaq
05/31/201216:56:10Corporate Bond Volume Tops May Forecasts Despite Volatility
05/30/201214:55:46Kraft Issuing $6 Billion Of Bonds As Treasurys Rally
05/18/201216:04:39Kraft Lowers Prices On Maxwell House, Other Coffee Brands -Reuters
05/18/201210:05:31Kraft: IRS Confirms Tax-Free Status Of Spinoff
05/15/201218:54:34Ackman's Pershing Square Slashes Kraft Stake By Nearly 27%
05/15/201217:58:10Buffett's Berkshire Shows New Stakes In General Motors, Viacom
05/04/201214:47:10US Stocks Tumble After Jobs Report; Nasdaq Faces Year's Biggest...
05/03/201216:55:15Kraft 1Q Profit Up 1.8% As Revenue Strengthens, Margins Weaken
05/03/201212:24:36Ackman's Pershing Square Funds Gain 1% In April
04/17/201215:44:24Demand Rises For Rainforest Alliance Coffee And Other Crops
04/13/201202:29:48European 1Q Cocoa Grindings Fall 0.1% On Year - ECA
04/12/201215:38:38Kraft Ends Athenos Greek-Yogurt Line, Exits Fast-Growing Space
04/10/201214:12:10EARNINGS PREVIEW: Consumer-Product Cos Take Steps To Defend Market...
04/06/201217:56:10Kraft Recalls Batch Of Planters Peanut Snacks
04/03/201215:46:12Kraft Lifts The Lid On Its Grocery Business
04/03/201210:07:22Kraft CEO's Total 2011 Compensation Up 13.5% To $21.9 Million

Kraft Foods and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations