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Check Out Line: Irene’s sweet reward

By Dhanya Skariachan
March 30, 2010

Kraft CEO Irene Rosenfeld

Check out what the CEO of the world’s largest confectioner earned in 2009.

Kraft Foods’ Irene Rosenfeld’s compensation package rose about 41 percent to $26.3 million last year.

That’s what successful dealmaking can land you.

Rosenfeld engineered the largest North American food maker’s a deal to buy British chocolatier Cadbury last month after a prolonged battle, creating the world’s largest confectioner.

While Rosenfeld’s salary stayed at 2008 levels of about $1.5 million, she got $7.8 million in stock awards, about $1.9 million in option awards and about $4 million in annual incentive awards. She also received $10.6 million in a non-equity incentive plan.

Kraft had decided last March to freeze salaries of top executives in 2009.

Also in the basket:

McDonald’s sees 2,000 stores in mainland China by 2013

Domino’s Pizza makes strong start to 2010

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