CPB » Topics » Compensation Objectives

This excerpt taken from the CPB DEF 14A filed Oct 8, 2009.
Compensation Objectives
 
The objectives of the Company’s executive compensation program are to:
 
  •  Align the financial interests of the Company’s executives with those of its shareowners, in both the short and long term;
 
  •  Provide incentives for achieving and exceeding the Company’s short-term and long-term goals;
 
  •  Attract, motivate and retain highly competent executives by providing total compensation that is competitive with compensation paid at other well-managed companies in the food, beverage and consumer products industries; and
 
  •  Differentiate the level of compensation paid to executives based on individual and business unit performance, leadership potential, and level of responsibility within the organization. Individual


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  performance is rated based upon demonstrated leadership skills, accomplishment of objectives, business unit or functional accountabilities, and personal contributions.
 
This excerpt taken from the CPB DEF 14A filed Oct 9, 2008.
Compensation Objectives
 
The objectives of the Company’s executive compensation program are to:
 
  l  Align the financial interests of the Company’s executives with those of its shareowners, in both the short and long term;
 
  l  Provide incentives for achieving and exceeding the Company’s short-term and long-term goals;
 
  l  Attract, motivate and retain highly competent executives by providing total compensation that is competitive with compensation paid at other well-managed companies in the food, beverage and consumer products industries; and


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  l  Differentiate the level of compensation paid to executives based on individual and business unit performance, leadership potential, and level of responsibility within the organization. Individual performance is rated based upon demonstrated leadership skills, accomplishment of objectives, business unit or functional accountabilities, and personal contributions.
 
This excerpt taken from the CPB DEF 14A filed Oct 10, 2007.
Compensation Objectives
 
The objectives of the Company’s executive compensation program are to:
 
  l  Align the financial interests of the Company’s executives with those of its shareowners, in both the short and long term;
 
  l  Provide incentives for achieving and exceeding the Company’s short-term and long-term goals;
 
  l  Attract, motivate and retain highly competent executives by providing total compensation that is competitive with compensation paid at other well-managed companies in the food, beverage and consumer products industries; and
 
  l  Differentiate the level of compensation paid to executives based on individual and business unit performance, leadership potential, and level of responsibility within the organization. Individual performance is rated based upon demonstrated leadership skills, accomplishment of objectives, business unit or functional accountabilities, and personal contributions.


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HEINZ H J CO (HNZ)
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