Car dealership chain AutoNation’s CEO Jackson’s compensation doubles to almost $5.2M in 2009

AutoNation’s Jackson made almost $5.2M in 2009

RICHMOND, Va. — The Associated Press says AutoNation CEO Mike Jackson made $5.2 million last year, about twice as much as the previous year as the auto retailer posted a profit amid the worst U.S. auto sales market in decades.

Jackson’s salary remained the same at $1.15 million, but he received a $1.7 million performance-based bonus after getting none the previous year. The value of his stock options and stock awards rose about 70 percent to almost $2.1 million.

Last year, AutoNation posted a profit of $198 million, compared with a loss of $1.24 billion a year earlier. Annual revenue fell about 19 percent.

The AP calculation is based on a regulatory filing. It aims to isolate the value company board place on CEOs’ total compensation package. It includes salary, bonus, incentives, perks and the estimated value of stock options and awards.