Gateway Inc. Chief Executive Ed Coleman earned $2.7 million in his first quarter with the company, Securities and Exchange Commission documents show.
The 55-year-old executive received $187,500 in base salary for the last 3.5 months of 2006, $189,500 in incentive bonus and additional perks valued at $244,236. Stock and options accounted for $2 million.
Coleman was brought in last September to turn around the Irvine-based computer maker, which has seen sales dwindle amid increased competition.
Since his arrival, he has publicly stated his intention to focus the brand on the consumer market and scale back the largely unsuccessful effort to push into the commercial market.
Shares in the company have risen about 15% since his arrival with a market value of $840 million.
Sales continue to lag. But the company posted a profit in the December quarter thanks to a one-time tax benefit.
