Allegheny Technologies Inc.’s President and Chief Executive James L. Murdy voluntarily gave up 20 percent of his base salary during 2001, when the Pittsburgh-based specialty steelmaker posted a $25.2 million loss. Murdy was selected to lead the company on July 1 last year, succeeding Robert P. Bozzone, former president and CEO, who retired. Murdy’s base salary was set at $650,000, but he voluntarily suspended 20 percent of his pay in light of the difficult business and economic conditions that impacted the company last year. As a result, Murdy received a salary of $530,000 — compensation that was augmented by a $350,000 bonus and $23,519 in other compensation, according to the corporation’s proxy statement. Bozzone came out of semi-retirement late in 2000 upon the abrupt departure of former president and CEO Thomas Corcoran, who was with ATI for only 14 months. Corcoran succeeded company founder Richard Simmons in May 2000 as chairman. According to the company’s filing, Bozzone served as chairman, president and CEO from Dec. 6, 2000, until he retired on July 1, 2001. The proxy statement listed his salary at $400,000. He also received a $250,000 bonus and received $2,280 in other compensation. Allegheny Technologies is the parent of Allegheny Ludlum, the nation’s largest stainless steel manufacturer. The reduction in the company’s earnings last year resulted from low demand and weak prices for its flat-rolled steel products, ultimately resulting in the elimination of about 520 jobs — including 220 jobs last October from the permanent closing of Allegheny Ludlum’s melt shop in Houston, Washington County. The proxy listed compensation received by the company’s top five executives. Jack W. Shilling, executive vice president, strategic initiatives and technology and chief technology officer, received a salary of $365,000 last year. He also received a $200,000 bonus and $27,192 in other compensation. Douglas A. Kittenbrink, executive vice president and chief operating officer, received a salary of $312,500. He also received a bonus of $175,000, and other compensation of $27,910. Jon D. Walton, senior vice president and chief legal and administrative officer, received a salary of $320,000 last year. He also received a bonus of $175,000 and other compensation of $22,306. Richard J. Harshman, senior vice president, finance, and chief financial officer, received a salary of $257,500. He also received a $125,000 bonus and other compensation of $20,389. The company’s annual meeting is scheduled for 11 a.m. May 9, at Two Mellon Center Downtown. The agenda includes election of five directors and ratification of independent accountants. Ernst & Young has served the company since 1996.

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