MURRAY HILL, N.J.-Lucent Technologies Inc. Chairman and Chief Executive Officer Patricia Russo received a $3.24 million bonus for fiscal-year 2003, ended Sept. 30, according to recent filing the with the Securities and Exchange Commission.
Russo was paid a base salary of $1.2 million for the year. In 2002, Russo’s $887,692 salary was met with a $1.8 million bonus. This year, unlike 2002 or 2001, other company officers also received bonuses, all above $1.1 million. Furthermore, Lucent plans to reward all of its 34,500 workers with bonuses averaging approximately 90 percent of their potential bonus targets, to be paid this month, a spokesman told Reuters.
