Best Buy 2009 Annual Report Download - page 32

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Element Form(s) of Compensation Purpose Performance Metric(s)
Executive Benefits Annual executive physical Provide competitive benefits to Not performance-
and Perquisites exam, supplemental long-term promote the health, well-being and based
disability insurance, four weeks financial security of our executive
of paid vacation, expanded officers
employee discount, stock
ownership target planning and
tax planning or preparation
services
(1) Enterprise leadership long-term incentive awards were granted to 20 senior officers, including Messrs. Muehlbauer, Dunn, Willett
and Morrish and Ms. Ballard during fiscal 2009.
(2) An individual recognition restricted stock award was granted only to Mr. Muehlbauer during fiscal 2009.
Analysis of Compensation Elements
Base Salary. The Compensation Committee generally determines base salary levels for the named executive officers
and other executive officers early in the fiscal year, with changes becoming effective during the first quarter of each
fiscal year. The base salaries for the named executive officers that became effective in the first quarter of fiscal 2009
were established based on an assessment of each officer under our Executive Compensation Framework. For fiscal
2009, the changes in base salaries for the named executive officers and the key factors considered were as follows:
Fiscal 2009 Fiscal 2008 Percent
Name Base Salary Base Salary Change Key Factors
Mr. Anderson $1,265,000 $1,172,995 7.8% Internal Factors:
• Highest internal value of all senior officer positions
• Built a talented ‘‘bench’’ of officers and provided them
with aggressive new challenges to demonstrate readiness
for succession
• Continuous effort to reinvent our company by
challenging current orthodoxies
• High ethical conduct, exemplary values and visible role
model for all other officers
External Factors:
• Total direct compensation below median of Fortune 100
and between median and 75th percentile of the peer
group range
32