BUSINESS
12/19/2014 09:37 am ET Updated Dec 19, 2014

CEO Gives Back His Entire $2 Million Bonus To Company

Plum Creek

Plum Creek Timber's CEO Rick Holley received a $1.86 million bonus in the form of 44,445 restricted company stocks on Feb. 3 2014.

On Dec. 12, Holley gave back his awarded bonus because company shareholders had not seen a return in their investments during his tenure as CEO, according to a Securities and Exchange Commission 8-K filing.

More from CNBC:
-- The billionaire who wants to save the Taj Mahal casino
-- Billionaires who made and lost the most in 2014
-- Elon Musk is losing big-time on cheap gas prices

"Nonetheless, Mr. Holley remains fully committed to Plum Creek and intends to lead the company through this challenging and prolonged economic cycle," according to the filing.

Plum Creek Timber did not respond immediately to CNBC's request for comment.

Read More: Bad romance: CEO's bonus cut over affair

CONVERSATIONS