Heinz former CEO William Johnson received $110.5 million for the final eight months of 2013
Heinz current boss Bernardo Hees, who joined the company in June, received $9.2 million.
Bernardo Hees has cut more than 3,400 positions and closed factories in an effort to boost profits.
Heinz was bought by Warren Buffett’s Berkshire Hathaway and 3G Capital for $28 billion in February 2013.
The company, whose products include ketchup, baked beans, and a variety of frozen meals, reported a net loss of $71.7 million from February to December 2013.
Heinz announced the closure of three US plants in November and two European processing plants in February this year.
Nonetheless, Warren Buffett recently said in an annual report to Berkshire Hathaway’s shareholders that he expected 2014 earnings at the firm to be “substantial”.
Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…
Millions of voters across the US chose to return Donald Trump to the White House…
Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…
Stocks around the world are rising as Donald Trump appears to be on the cusp…
Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…
Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…
