Mohawk CEO's Compensation Grew in 2010

Calhoun, GA, May 16, 2011--The Chattanooga Times Free Press reported that Mohawk Industries' CEO Jeffrey S. Lorberbaum’s compensation grew 46.1% in 2010 to $2.19 million, according to the company’s proxy.

In addition, Lorberbaum received a $66,000 bonus, and his stock award rose from $231,698 in 2009 to $312,016 in 2010. Lorberbaum also received nonequity incentive plan compensation of $816,000, up from $270,000 in 2009.

Mohawk’s shares rose 19.2% last year.