Reynolds' Delen made $8.5 million in 2011

Reynolds American Inc., the nation's second-biggest tobacco company, awarded its incoming CEO Daniel M. Delen a compensation package valued at $8.5 million in fiscal 2011, up 38 percent from fiscal 2010, when he served as president and CEO of subsidiary R.J. Reynolds Tobacco Co., according to an Associated Press analysis of a regulatory filing.

By: Michael Felberbaum, AP Tobacco Writer, Superior Telegram