CINCINNATI (AP) — Pay for Kroger Co.'s CEO fell again as the grocery chain's sales and profit growth fell below tough targets in a choppy economy.
An Associated Press analysis of a regulatory filing Friday shows that David Dillon, chairman and CEO of the nation's largest traditional grocer, received compensation for 2010 valued at $5.4 million. That's down 19 percent from 2009, and the third straight year in which Dillon's largely performance-based pay fell.
The 60-year-old CEO's compensation has dropped about 40 percent in that time, from $9.09 million in 2007.
Kroger outperformed most competitors last year, with revenue up 7.1 percent to a Kroger-record $82.2 billion. …

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