Turnaround bet: Unisys paid new boss $6M last year: Proxy
Altabef paid mostly in stock
Unisys Corp., the venerable, diversified but shrunken global computer and services company based in Blue Bell, paid Chief Executive Peter A. Altabef $6.2 million in cash and stock last year, in advance of the long-awaited financial and share-price turnaround he was hired to deliver. Read Unisys' 2015 proxy statement here.
Altabef's compensation included a $972,000 salary, $2.4 milllion in stock awards, $1.4 million in stock options, $1.3 million in cash incentives. Former Enterprise Solutions chief Ronald S. Frankenfeld was paid $2.5 million in cash and stock.
Unisys directors will gather at the Philadelphia Marriott Downtown, 1201 Market St., on April 28, 8 a.m., as investors ratify directors, accountants, and reflect on shareholder pay at their annual shareholders' meeting. No shareholder proposals this year.