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    Repiglican Roast

    A spirited discussion of public policy and current issues

    Location: The mouth of being

    I'm furious about my squandered nation.

    Monday, July 09, 2007

    Lockheed Martin Corp.'s CEO Robert J. Stevens

    Lockheed Martin Corp.'s CEO Robert J. Stevens has had a lucrative career at the nation's largest defense contractor, and his pay has been outlined to shareholders for years.

    But investors didn't know how lucrative his retirement could be. The Bethesda-based company has disclosed for the first time that in addition to $5.2 million in salary and bonus, plus stock awards and perks last year, Stevens also accrued more than $2 million in three pension plans, two 401(k) plans and a tax-advantaged plan mostly used by the corporate elite.
    Stevens, whose pay package totaled $18.6 million, ranked among the highest-paid CEOs in Maryland last year, according to a survey by Salary.com of companies with headquarters here. Others included Constellation Energy Group Inc.'s Mayo A. Shattuck III, whose compensation package was worth $20 million, and Legg Mason Inc.'s Raymond A. "Chip" Mason, whose package was valued at $13.7 million.

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