Best Buy CEO makes $5.6 million

Richfield (MN) - Best Buy’s CEO made $5.6 million in fiscal year 2007 according to recently released financial reports. For the year ending in February, CEO Brad Anderson earned $1.17 million in salary and $2.6 million in bonuses. He also received $1.3 million in stock and $453,605 worth of options.

Despite the high pay and bonuses, Best Buy’s stock and earnings haven’t been doing so well in the past year. The stock traded at a high of $58 per share back in October and has since fell to around $47/share. This is a nearly 20% drop in less than a year.

Anderson earned about the same amount in fiscal year 2006 where he made $1.16 million in salary and $2.69 million in bonuses