AP: PNC Financial ups CEO's pay - KWWL - Eastern Iowa Breaking News, Weather, Closings

AP: PNC Financial ups CEO's pay


DES MOINES (KWWL) - The Associated Press has found that PNC Financial Services Group Inc.'s CEO received compensation valued at $16.6 million in fiscal 2009. Much of it was restricted stock to comply with government limits on pay and bonuses for companies that took bailout money.

James Rohr's salary was $1 million in cash and $1.75 million in stock. He received nearly $14 million in restricted stock. The total is nearly double last year but included incentive pay from 2008.

The AP's calculation is based on a regulatory filing and includes salary, bonus, incentives, perks and the value of stock options and awards at the time they were granted.

Online Anchor/ReporterBob Waters

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