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Free Press, 1993".The War for Talent", March 1998, McKinsey & Company".Worldwide Total Rewards 1998".
However, his total rewards including share options, cash bonus and pension, fell from nearly £16m in 2012.
A prominent chart in the Co-op's annual report published on Wednesday indicates Pennycook's total rewards will fall to £1.5m.
But analysis of the report reveals that Pennycook is still in line for total rewards of just over £3m this year.
Over the past 10 years, the average pay of FTSE 100 chief executives has risen 160%, with total rewards up 10% in the past year alone, to £4.8m.
Cable said Ahrendts, the UK's highest-paid CEO in 2012 with total rewards of £16.9m, had "made an outstanding contribution to British business".
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This was my total reward for surviving 13 years.
The FDA firmly believes that these changes to pension arrangements must be accompanied by an overall rebalancing of the total reward package for senior public servants.
This means that the total reward for judicial posts must be sufficient to ensure that suitable candidates are attracted to judicial office.
"So I think one of the things I am a little concerned about is that it moves to concentrating on base pay when actually the total reward, and all the richness of that benefit, has distinguished us over time.
And so, as the deaths kept coming after that initial murder on Molokai, environmental groups chipped in more money, bringing the total reward to $30,000, or $10,000 per seal.
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