Michael D. Garrett
2008
In 2008, Michael D. Garrett earned a total compensation of $2.9M as President and Chief Executive Officer, Georgia Power at Southern Company, a 30% decrease compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $666,453 |
|---|---|
| Non-Equity Incentive Plan | $1,283,734 |
| Option Awards | $248,343 |
| Salary | $679,641 |
| Other | $48,411 |
| Total | $2,926,582 |
Garrett received $1.3M in non-equity incentive plan, accounting for 44% of the total pay in 2008.
Garrett also received $666.5K of change in pension value and nonqualified deferred compensation earnings, $248.3K in option awards, $679.6K in salary and $48.4K in other compensation.
Rankings
In 2008, Michael D. Garrett's compensation ranked 1,616th out of 9,135 executives tracked by ExecPay. In other words, Garrett earned more than 82.3% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,616 out of 9,135 | 82nd |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 226 out of 846 | 73rd |
Major group Electric, Gas, And Sanitary Services | 86 out of 381 | 77th |
Industry group Electric Services | 43 out of 137 | 69th |
Industry Electric Services | 43 out of 137 | 69th |
Source: SEC filing on April 13, 2011.
Garrett's colleagues
We found five more compensation records of executives who worked with Michael D. Garrett at Southern Company in 2008.