United Technologies Paid $5.53 Million in Bonuses to Top Five Executives.

Knight Ridder/Tribune Business News | February 28, 2004 | Copyright

By Pam Dawkins, Connecticut Post, Bridgeport Knight Ridder/Tribune Business News

Feb. 28--Hartford-based United Technologies Corp. paid out $5.525 million in bonuses in 2003 -- up from $5.15 million in 2002 -- to its five highest-paid executives, and company head George David exercised stock options valued at more than $66 million.

Friday, the company -- whose divisions include Stratford-based Sikorsky Aircraft, Pratt & Whitney Aircraft, Otis Elevator and Carrier Corp. -- released its proxy statement for 2003.

UTC's annual meeting will be ...

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