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Wednesday, April 7, 2010 as of 11:14 AM ET

Martin Richenhagen

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Agco CEO's 2011 Compensation Increased 28% From 2010

Agco Corp.

(AGCO) Chairman and Chief Executive Martin Richenhagen's compensation rose 28% in 2011 on larger awards of stock and stock options, according to a regulatory filing Monday.Richenhagen's salary, performance pay, executive perquisites and stock and options awards totaled $8.78 million last year, compared with $6.78 million in 2010. His base salary rose by 5%, to $1.48 million, while his nonequity incentive pay tied to the performance of the company was nearly flat, at $2.12 million.Richenhagen, 59 years old, received restricted stock awards worth $4.37 million on the day the shares were granted, a 62% increase in the value of his stock awards in 2010. The shares vest over several years, with the cash payments linked to the performance of the farm equipment manufacturer. If all the performance goals are reached, Richenhagen could receive a maximum payout of $9.55 million. He also received stock options worth $960,925, a 19% increase from 2010. The options vest over four years.R...

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  1. AGCO CEO Sees Strong Demand for Farm Products

    AGCO CEO Martin Richenhagen on challenges in the agriculture business.

  2. AGCO CEO on Agricultural Business

    AGCO CEO Martin Richenhagen weighs in on the future of agriculture and the global economy.

  3. Emerging Markets' Impact on Agriculture

    Agco Corporation CEO Martin Richenhagen on the role of emerging markets and biofuels on agriculture.

  4. AGCO CEO on the Outlook for Agriculture

    AGCO Chairman and CEO Martin Richenhagen on the challenges facing the agriculture industry.

  1. AGCO CEO on Acquisitions, Dividend

    AGCO CEO Martin Richenhagen on the company’s acquisitions and the potential for the company to pay out a dividend.

  2. Agco 4Q Profit More Than Triples; S America Outlook Cut

    Agco Corp.'s (AGCO) fourth-quarter earnings more than tripled, but the farm-machinery manufacturer lowered its industry outlook for South America where Agco is the s...

  3. AGCO CEO on European Economy’s Impact on Businesses

    AGCO CEO Martin Richenhagen on the European debt crisis’ impact on its farming equipment business.

  4. AGCO CEO on Overseas Growth, Uncertainties in Europe

    AGCO CEO Martin Richenhagen on the company’s outlook for record sales and why the company is focusing on growth in South America.

  5. Debt Negotiations’ Impact on U.S. Dollar, Shareholder Value

    AGCO CEO Martin Richenhagen argues the debt crisis is hurting the dollar as well as corporate shareholder value.

  6. AGCO CEO: We See Inflation in All Commodities

    AGCO CEO Martin Richenhagen argues inflation of commodity prices is due to growing demand.

  7. AGCO 3Q Profit Improves on South American Demand

    AGCO (NYSE:AGCO) said robust demand in Brazil and Argentina led to a better-than-expected third-quarter profit, leading the company to raise its full-year view. The ...

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