Mackey McDonald, chairman and outgoing CEO at clothing and jeans company VF Corporation, received estimated total payments of US$9.6m in 2007, according to calculations based on regulatory filings.

The total, about 2% up on 2006's figures, includes $1.18m in basic salary, plus more than $2m in incentive compensation and stock in the company valued at about $6.1m.

Other remuneration included a £23,400 car allowance, $26,444 for the use of the company's aeroplane and $10,900 for financial planning, according to the filings.

McDonald stepped down as company CEO on 1 January this year, to be replaced by president and former COO Eric Wiseman.

McDonald remains as company chairman. VF's 2007 profits were up 11% to $591.6m, with revenue increasing 16% to $7.22bn over the same period.