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Allegheny Technologies CEO’s pay jumps

Pittsburgh Tribune-Review
By Pittsburgh Tribune-Review
1 Min Read March 10, 2011 | 15 years Ago
| Thursday, March 10, 2011 12:00 a.m.

L. Patrick Hassey, outgoing chairman and CEO of Allegheny Technologies Inc. had his total compensation jump 75 percent to $18.2 million last year from $10.4 million in 2009, according to proxy materials filed Wednesday.

The main difference was that the present value of his pension benefits increased to $3.2 million last year from $352,744 in 2009, and the value of his restricted stock jumped to $7.8 million from $5.2 million. The CEO received a $693,206 cash bonus last year, but none in 2009. His salary rose slightly to $937,300. Hassey is retiring from the company on May 1.

The specialty steelmakers’ annual shareholder meeting will be held at 11 a.m. April 29 at the Omni William Penn Hotel, Downtown.


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