AP: Windstream CEO made $4.2 million

The latest in a series of Associated Press reports of CEO compensation shows that Jeffrey Gardner, CEO and president of independent telco Windstream Communications, took home $4.2 million during 2007. That figure is a whopping 58 percent less than Gardner was paid for 2006, mostly due to lower performance-based incentives being paid for 2007 than for 2006. The company's stock price fell about 8 percent during the year, but Windstream posted strong revenue growth for the fourth quarter of 2007. Gardner's perks for last year included use of a company plane and annual country club dues.

Readers of this AP story will get a different take on Gardner's compensation than those tracking the Securities and Exchange Commission filing Windstream made regarding executive compensation. The SEC filing actually says Gardner had total compensation of $5.84 million for 2007. Note the paragraph at the end of the AP story explaining AP's calculations. For your full informational needs, we also link to an ArkansasBusiness.com story which itself contains a link to the actual SEC filing.

For more:
- read this Associated Press story at Forbes
- and here's the report at ArkansasBusiness.com

Related article:
- AT&T CEO Randall Stephenson collected $18 million for his 2007 performance