In a rare major media story, the Associated Press does a straight CEO pay piece rather than a general look at the climate of executive compensation:

Stephen Sanger got a nearly 14 percent raise in his final year as the chairman and chief executive of General Mills Inc. (NYSE: GIS), according to a filing with the Securities and Exchange Commission.

Sanger, who retired as head of the company that makes Wheaties and Cheerios cereals at the end of its fiscal 2008 year in May, earned $13.8 million, the filing said. That compared to earnings of $12.1 million in the previous year.

Sanger's base salary was nearly $1.3 million, and he also was given $3.5 million in non-equity incentive plan compensation for meeting financial targets, the regulatory filing said.

In addition, Sanger was given miscellaneous compensation of $470,701. This included company contributions to savings plans as well as perks valued at $192,184; those included $50,567 for personal air travel, $16,806 for use of the executive car and $40,200 in discounts when he bought the car. He was also given $15,054 for financial planning, $32,772 for insurance and $17,298 for unused vacation days.

The bulk of his compensation for the fiscal year was in stock and option awards valued at more than $8.5 million when they were granted in June 2007.