Mondelez CEO takes big pay cut

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Irene Rosenfeld, chairman and CEO of Mondelez International Inc., took a big pay cut last year, with her total compensation falling 51 percent to $14 million. The decline came from a difficult year that she called “below what we and our shareholders originally expected” and the lack of a $10 million bonus she received in 2012 for creating Deerfield-based Mondelez, chicagobusiness.com reported.

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