The board of Tractor Supply and former CEO Jim Wright put pen to paper this week on the newly installed executive chairman's pay package for 2013. Wright, whose 2011 cash-and-stock pay package topped $7.4 million, will be paid a base salary of $400,000 to help Greg Sandfort make the transition into the CEO's chair. He will not be eligible for any bonus payments.

SEE ALSO: Sandfort's salary bump