PPG's Bunch got $2.25 million in salary, bonus in 2005

PPG Industries Inc. paid Chief Executive Charles E. Bunch $2.25 million in salary and bonus last year.

Bunch got $750,000 in base salary in 2005, a 25 percent increase over his $600,000 base salary in 2004, and a bonus of $1.5 million, according to a proxy statement filed with the Securities and Exchange Commission by the Downtown-based glass, paint and chemicals company.Bunch was named president and CEO on March 31 and chairman effective July 1, succeeding Raymond W. LeBoeuf, who retired as chairman July 1. LeBoeuf received $557,693 as base salary in 2005, and a $775,000 bonus. PPG's annual meeting will be April 20 in the East Club Lounge at Heinz Field. Shareholders are being asked to approve a plan to consolidate several of the company's existing compensatory plans.

600450 PPG's Bunch got $2.25 million in salary, bonus in 2005 glassonweb.com
Date: 7 March 2006
Source: Pittsburghlive.com

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