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AP News

Walgreen CEO compensation slips in fiscal 2012

Drugstore operator Walgreen's earnings sank in fiscal 2012, and CEO Gregory D. Wasson's pay package slipped as well.

The 54-year-old executive saw his total compensation slip 1 percent to $12 million in fiscal 2012. Wasson received a $1.3 million salary, a $1.2 million performance-related bonus and stock and options totaling $8.9 million in the fiscal year that ended Aug. 31.

Walgreen Co. runs more than 8,000 drug stores.

The Deerfield, Ill., company's fiscal 2012 earnings fell 21 percent to $2.13 billion, and the company also made a major acquisition. It spent $4 billion in cash and more than 83 million shares for an ownership stake in Alliance Boots, which runs the largest drugstore chain in the United Kingdom.

The AP compensation calculation is based on a regulatory filing.

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