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Archive for Wednesday, September 28, 2005

Aquila execs to get bonuses from sales

September 28, 2005

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Natural gas and electric utility Aquila Inc. said Tuesday it was giving bonuses to its senior executives equal to their annual salaries, following the company's announcement last week that it planned to sell utility operations in four states.

Company spokesman Al Butkus said nine executives stood to receive bonuses. Of the executives whose salaries are public, CEO Richard Green would make $1.03 million, chief operating officer Keith Stamm would get $467,308, CFO Rick Dobson would receive $309,616 and chief administrative officer Leo Morton would get $344,770.

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