OMAHA, Neb. (AP) — The compensation Union Pacific's top executive received nearly doubled to $11.7 million last year as he took on more responsibilities at the railroad.
Jack Koraleski is now chairman, president and CEO of Union Pacific. His predecessor, Jim Young, had continued to serve as the railroad's chairman until shortly before his death in February
Koraleski's compensation grew to $11.7 million in 2013 from $6.1 million the previous year as he received significantly more stock and stock options.
Young's compensation decreased to $6.8 million last year from $12.3 million in 2012.
The AP's calculation counts salary, bonuses, perks, stock and options awarded to the executive during the year. But it does not count changes in the present value of pension benefits, so the result differs from what Union Pacific reported Tuesday.