Robert S. Morrison is the former interim CEO of 3M Company and has had a notable career in the consumer goods sector. Before stepping in as CEO in 2005, he served as Vice Chairman at PepsiCo and as CEO of...

Current Market Cap

$73.22B

Number of Employees

85K

Total Compensation

2005 - 2006

Trending down by -93.58% last year
Showing total compensation for the last 2005 - 2006

Stock

Up by 0.00% last year

Salary

Down by -85.83% last year

Bonus

Down by -100.00% last year

Other

Down by -100.00% last year

Year

2006

Total Compensation

$170.00K

Salary

$170.00K

Board Justification

3M's compensation philosophy emphasizes competitive compensation tied to performance and growth, aligning executive interests with those of shareholders.

Bonus

$0.00

Board Justification

No specific bonus was mentioned for Mr. Morrison in 2006; however, he received a cash payment of $4,117,500 to replace the annual bonus and long-term incentive compensation forfeited from his previous employer.

Other

$0.00

Board Justification

No other compensation was reported for Mr. Morrison in 2006.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were reported as vested for Mr. Morrison in 2006.

Performance Metrics

Performance metrics for Mr. Morrison's compensation were not specified in the proxy statement.

SEC Filing

From March 26, 2007