Compensation Nearly Triples For Chipotle's Ceo In 2007

By: Associated Press Email
By: Associated Press Email

Denver (AP) Compensation for the chief executive of Denver-based Chipotle Mexican Grill nearly tripled to 7.3 million dollars in 2007, with more than half coming from stock and options.

That's according to a regulatory filing submitted today.

The increase came as the fast-casual restaurant chain posted a 70 percent increase in net income and continued to open new restaurants despite a challenging economic environment.

Last year, Chief Executive Officer Steve Ells received $557,692 in salary, 1.1 million dollars under a non-equity incentive plan, and 5.5 million dollars in stock options and grants.

Ells also received $66,151 in benefits, including $29,077 for a company car, $35,464 in matching 401k contributions, $1,332 for life insurance, and other expenses.

KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 17365194 -
Gray Television, Inc.