Best Buy 2009 Annual Report Download - page 43

Compensation of Executive Officers
Summary Compensation Table
The table below summarizes the total compensation earned by each of our named executive officers during fiscal
2009:
Change in
Pension Value
and Non-
Qualified
Non-Equity Deferred
Fiscal Base Stock Option Incentive Plan Compensation All Other
Name and Title Year Salary(1) Bonus(2) Awards(3) Awards(4) Compensation(5) Earnings(6) Compensation(7) Total
Bradbury H. Anderson 2009 $1,247,311 $ — $ 635,268 $ — $ — $— $ 15,869 $1,898,448
Vice Chairman and 2008 1,172,995 — 413,635 — 1,994,092 — 16,151 3,596,873
Chief Executive 2007 1,172,995 — 1,289,219 453,605 2,650,969 — 30,116 5,596,904
Officer
James L. Muehlbauer 2009 551,878 — 501,507 493,487 — — 16,541 1,563,413
Executive Vice 2008 345,013 75,000(8) 111,169 449,362 296,596 — 10,099 1,287,239
President — 2007 320,251 — 109,037 431,348 176,491 — 12,481 1,049,608
Finance and Chief
Financial Officer
Brian J. Dunn 2009 876,926 — 571,745 1,910,536 — — 15,140 3,374,347
President and Chief 2008 774,231 — 405,841 1,692,097 988,125 — 11,980 3,872,274
Operating Officer 2007 746,309 — 1,293,525 1,213,084 1,271,250 — 19,506 4,543,674
Robert A. Willett 2009 821,157 — 1,412,092(9) 1,191,190(9) — — 44,047 3,468,486
Chief Executive 2008 685,577 — 1,481,914(9) 1,749,882(9) 730,469 — 29,893 4,677,735
Officer — Best Buy 2007 622,962 — 3,580,226(9) 3,492,471(9) 882,813 — 14,358 8,592,830
International and
Chief Information
Officer
Shari L. Ballard 2009 630,770 — 585,741 870,011 — — 12,329 2,098,851
Executive Vice 2008 540,385 — 450,992 786,870 509,583 — 9,340 2,297,170
President — Retail 2007 498,268 — 1,125,053 545,418 565,000 — 12,689 2,746,428
Channel
Management
David J. Morrish(10) 2009 470,301 — 170,863 236,862 — — 1,827,122 2,705,148
Executive Vice
President —
Connected Digital
Solutions
(1) These amounts are before any deferrals under the Deferred Compensation Plan. Additional information about deferred amounts can be found in the
Non-Qualified Deferred Compensation table on page 48.
(2) Our named executive officers were not entitled to receive any payments that would be categorized as a ‘‘Bonus’’ payment for fiscal 2009.
(3) These amounts reflect the expense recognized for financial statement reporting purposes for fiscal 2009, in accordance with SFAS No. 123(R), for
stock-based incentive awards granted under our long-term incentive programs. The amounts reported have been adjusted to eliminate service-based
forfeiture assumptions used for financial reporting purposes. The other assumptions used in calculating these amounts are set forth in Note 7,
Shareholders’ Equity, to the consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended February 28,
2009. We recognize compensation expense on a straight-line basis over the requisite service period of the award (or to an employee’s eligible
retirement date, if earlier) and, for performance-based awards, we adjust the expense based on an assessment of the likelihood that the performance
targets will be achieved.
(4) These amounts reflect the expense recognized for financial statement reporting purposes for fiscal 2009, in accordance with SFAS No. 123(R), for
stock options granted under our long-term incentive programs. The assumptions used in calculating these amounts are set forth in Note 7,
Shareholders’ Equity, to the consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended February 28,
2009.
43