Why Lockheed CEO Marillyn Hewson saw a big drop in her 2016 pay package

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Lockheed Martin Corp. (NYSE: LMT) CEO Marillyn Hewson’s compensation package in 2016 may look like it took a big hit — falling to $20.6 million from $28.6 million the year before— but those numbers are slightly misleading. That’s because the biggest driver of that decline was not a cut in her base salary or stock awards, but rather due to the performance of her pension assets. In 2016, Hewson’s pension assets gained $1.15 million. That’s compared to a gain on those assets of $8.4 million...

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