Olin Chief Executive Joseph Rupp took home total compensation of $5.4 million last year, 11 percent less than he made in 2012. Rupp’s total pay rose 8 percent, however, if a $1 million pension gain in 2012 is excluded. Such pension gains often are driven by interest-rate changes.
Olin, a chemical and ammunition manufacturer based in Clayton, boosted its earnings per share by 19 percent last year. Rupp’s salary rose 3 percent to $930,000. He got a $960,000 bonus, an estimated $1.96 million worth of stock and $1.3 million worth of options.