Best Buy 2010 Annual Report Download - page 60

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considers: (i) the time and effort involved in preparing
Director Compensation
for Board, committee and management meetings and
Overview of Director Compensation the additional duties assumed by committee chairs;
In April of each year, the Compensation Committee (ii) the level of continuing education required to remain
reviews the total compensation paid to informed of broad corporate governance trends, and
non-management directors. The purpose of the review is material developments and strategic initiatives within our
to ensure that the level of compensation is appropriate company; and (iii) the risks associated with fulfilling
to attract and retain a diverse group of directors with fiduciary duties. To supplement the qualitative analysis,
the breadth of experience necessary to perform the the Compensation Committee also considers the total
Board’s duties, and to fairly compensate directors for value of the compensation as compared with director
their service. The review is comprehensive and includes compensation at other Fortune 100 companies and our
consideration of qualitative and comparative factors. To peer group of companies, which is described in How
ensure directors are compensated relative to the scope We Determine Compensation beginning on page 27.
of their responsibilities, the Compensation Committee
Director Summary Compensation Table
The following table summarizes the compensation earned during fiscal 2010 by our non-management directors, as well
as by Messrs. Schulze and Anderson (management directors who were not our full-time employees in fiscal 2010):
Fees Non-qualified
Earned Deferred
or Paid Option Compensation All Other
Name In Cash(1) Awards(2) Earnings(3) Compensation Total
Bradbury H. Anderson* $ — $ —(4) $ — $2,006,859(5) $2,006,859
Lisa M. Caputo(6) 15,833 37,775 — — 53,608
Kathy J. Higgins Victor 85,000 123,075 — — 208,075
Ronald James 75,000 123,075 — — 198,075
Elliot S. Kaplan 85,000 123,075 — — 208,075
Sanjay Khosla 75,000 123,075 — 198,075
Allen U. Lenzmeier* 75,000 123,075 — — 198,075
George L. Mikan III 75,000 123,075 — — 198,075
Matthew H. Paull 75,000 123,075 — — 198,075
Rogelio M. Rebolledo 75,000 123,075 — — 198,075
Richard M. Schulze — —(7) — 164,716(8) 164,716
Frank D. Trestman* 90,000 123,075 — — 213,075
Hatim A. Tyabji 90,000 123,075 — — 213,075
G´
erard R. Vittecoq 75,000 123,075 — — 198,075
* Indicates a director who will not be standing for re-election on June 24, 2010.
(1) Management directors did not receive any cash compensation for their service as directors during fiscal 2010. The cash
compensation in fiscal 2010 for each of our non-management directors consisted of:
Annual retainer $ 75,000
Annual committee chair retainer (Audit Committee or Compensation Committee) 15,000
Annual committee chair retainer (all other committees) 10,000
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