==Executive pay: Welltower’s Tim McHugh received a $167 million pay package in 2025

• Median CFO compensation in the S&P 500 reached $6 million in 2025, driven by equity pay amid a strong U.S. stock market.
• Finance chief Tim McHugh’s pay outpaces that of many CEOs and surpasses the Tesla CFO’s $139 million pay package in 2024

Welltower CFO’s Tim McHugh is the new highest-paid finance chief among the biggest U.S. companies. His $167 million pay package in 2025 not only dwarfs that of his CFO peers but also outpaces the compensation of many CEOs. 

McHugh’s pay at Welltower, a real-estate investment trust focused on rental housing for seniors, surpasses the $139 million compensation package received by Tesla’s Vaibhav Taneja in 2024. This puts him more than $135 million above Alphabet’s Anat Ashkenazi, the next highest-paid CFO in 2025.

Executive pay: BofA CEO Moynihan's pay increases to $35 million in 2024

• Bank of America Corp increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday.

Feb 7 (Reuters) - Bank of America Corp increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday.

That compares with Moynihan's pay of $29 million in 2023.

Last month, the lender's fourth-quarter profit beat expectations as its traders benefited from a flurry of activity in the period, while the bank predicted it would earn more interest income in 2025.

McCormick (MKC) execs see pay skyrocket in 2018 after record growth

Highest paid CEOs: https://aflcio.org/executive-paywatch/highest-paid-ceos

McCormick & Co. Inc. CEO Lawrence Kurzius received a 64 percent increase in compensation last year as the company experienced record increases in profit and sales from the acquisition of RB Foods. 

Kurzius's pay totaled $14.8 million in 2018, up from $9 million the prior year, according to McCormick's proxy statement filed Thursday with the U.S. Securities and Exchange Commission.

Executive pay : Doug Becker, chairman of Laureate Education (LAUR)

• Doug Becker the former CEO and current chairman of Laureate Education Inc. saw his compensation increase 257 percent in 2017 mainly because of the company's initial public offering.

Doug Becker's compensation totaled nearly $23 million in 2017, his last year as Laureate Education Inc.'s CEO and the company's first as a public company.

Becker's pay package was 257 percent higher than the prior year, according to the company's proxy statement filed Friday with the U.S. Securities and Exchange Commission.

The increase was mainly a result of stock option awards Becker received that were related to Laureate's (NASDAQ: LAUR) initial public offering, The Baltimore-based for-profit education provider became a public company for the second time last year with a $490 million IPO.

Excluding $14.6 million in option awards related to the IPO, Becker's compensation rose 29.8 percent to $8.3 million. Becker retired on Dec. 31 and was succeeded by Eilif Serck-Hanssen, the company's chief financial officer. He is still the company's non-executive chairman.

Becker's salary rose 9.9 percent to $1.1 million. He received $1.4 million from Laureate's non-equity incentive compensation plan.

His overall option awards totaled $20.4 million. Of that total, $14.6 million relates to profit interests Becker received from a group called Wengen Alberta Limited Partnership. Wengen was the private group consisting of Becker and other major shareholders that took Laureate private in 2007.

Serck-Hanssen's compensation increased 87 percent to $5.8 million. His base salary was $686,716. He also received $1.7 million in stock awards and $2.4 million in option awards. He received $1 million from Laureate's non-equity incentive compensation plan.

Ricardo M. Berckemeyer was formerly chief operating officer and Latin America CEO. He became president of Laureate on Jan. 1. His compensation in 2017 totaled $6.6 million, an increase of 57 percent from the prior year.

Executive pay : McCormick & Co. CEO earned $9 million in 2017, a 39% jump

The CEO of McCormick & Co. Inc. earned $9 million in compensation last year, a 39 percent increase, as the Sparks, Maryland-based spice and flavorings maker reported record financial results for the year and completed the acquisition of the maker of French’s Mustard and Frank’s Red Hot sauce.

Performance-based pay made up the bulk of compensation for Lawrence E. Kurzius, who also serves as the company’s chairman and president.

On top of a base salary of $965,385, Kurzius earned $2.8 million in non-equity incentive plan compensation, $2.3 million in stock option awards and $1.2 million in stock awards, according to a proxy the company filed Thursday with the U.S. Securities and Exchange Commission. His total compensation was up from $6.5 million in 2016.

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McCormick reported a profit of $477.4 million, or $3.72 a share, on $4.8 billion in sales in 2017, all up from the prior year. Last year, McCormick acquired Reckitt Benckiser Foods, the maker of French’s Mustard and Frank’s Red Hot sauce, a deal expected to spur its growth globally.

Executive pay : TJX Companies Inc. (TJX)

The CEO of T.J. Maxx parent company TJX Companies Inc. Ernie Herrman reported $18.5 million in total compensation last year, a slight decrease from 2015, according to a regulatory filing.

The Framingham, MA company (NYSE: TJX) reported that CEO and President Ernie Herrman's pay included $1.5 million in salary, $9 million in stock awards, $ 613,574 in option awards and $ 5 million in non-equity plan incentive plan compensation.

Herrman was named CEO of TJX in October 2015, taking over from Carol Meyrowitz, who now serves executive chairman of the company. Meyrowitz reported $14.5 million in total compensation in 2016, down from the $19.6 million she reported the year before.

TJX, which sports a $51 billion market value and also owns discount-retail brands Marshalls and HomeGoods, has mostly escaped the challenges faced by other brick-and-mortar retailers.

 

For the fiscal year ended Jan. 28, 2017, TJX reported net sales of $33.2 billion, a 7 percent increase over the previous year.

Executive pay : Ulta CEO's 2015 pay package nearly triples to $18.5 million

CEO Mary Dillon earned about $18.5 million in total compensation last year, according to a filing Wednesday with the Securities and Exchange Commission.

That's triple the roughly $6.2 million she earned in 2014. Dillon, who became CEO in 2013, received a 3 percent base salary raise in March to $1 million. She also received about $3.5 million in stock awards, incentive and bonus pay, and $49,646 in other compensation.

Ulta's compensation committee increased Dillon's incentives in March and September. On Sept. 15, the committee awarded her 200,000 stock options "in recognition of our record operational and financial performance under her leadership."

Executive pay : CME Group

CME Group's board this week approved new employment contracts with Executive Chairman and President Terry Duffy and CEO Phupinder Gill, boosting their compensation and extending the terms of their employment for years.

The base annual salary for Duffy, 57, will jump 20 percent next year to $1.5 million, from $1.25 million, according to his new contract signed yesterday and disclosed today in a filing with the Securities and Exchange Commission. He'll also be eligible for an annual bonus of one-and-half times that pay plus three times that amount in the form of a stock award.

CME Group CEO Phupinder Gill

The base annual salary for Gill, 55, will jump 25 percent next year to $1.25 million, from $1 million, according to the contract signed yesterday and disclosed today in a filing with the Securities and Exchange Commission. He'll also be eligible for an annual bonus of one-and-half times that salary amount plus two-and-a-half times that amount in the form of a stock award.

Last year, Duffy had total compensation of $6.66 million and Gill had total compensation of $5.37 million

Executive pay : Chicago banks

MB Financial CEO Mitchell Feiger has reclaimed the mantle of highest-paid locally based commercial bank chief.

Feiger's 2014 compensation totaled $3.6 million, up 24 percent from $2.9 million in 2013. The increase was largely due to MB Financial's successful completion last year of its $680 million acquisition of the parent of Cole Taylor Bank,

Edward Wehmer (left), CEO of Wintrust Financial; PrivateBancorp CEO Larry Richman and MB Financial CEO Mitchell Feiger

Feiger outpaced Edward Wehmer, CEO of Wintrust Financial, and Larry Richman, CEO of PrivateBancorp, both of whom got 2014 pay packages valued at $3.1 million.

Richman had been the most richly compensated local bank CEO in 2013, overtaking Feiger, who was highest paid in 2012.

All three banks, the biggest locally based business lenders, issued their proxy statements detailing executive compensation on April 10.

MB Financial's takeover of Cole Taylor parent Taylor Capital Group strengthened Chicago-based MB's commercial banking operation. But as of Dec. 31 MB Financial remained smaller than both PrivateBancorp and Wintrust, with $14.6 billion in assets vs. $15.6 billion and $20 billion, respectively, for the other two.

WHAT DO INVESTORS THINK OF THE DEAL?

So far, investors are at best taking a jury-is-out point of view on the Cole Taylor transaction. MB Financial's stock rose 2.5 percent last year, trailing the 5.3 percent rise in the Standard & Poor's 600 Financial Index. Year to date through yesterday's close, MB Financial's stock price dropped nearly 6 percent compared with essentially flat performance for the index.

Wintrust's stock price rose 1.4 percent last year and has increased another 3.6 percent so far this year.

PrivateBancorp is by far the big winner among local bank stocks, posting increases of 15.5 percent last year and 9.6 percent so far this year.

In 2014, MB Financial paid Feiger $788,500 in salary and $1.1 million in cash incentive pay. The incentive pay was nearly double the $581,250 he got in 2013. Stock awards included $1.25 million in restricted stock and a little over $124,000 in options. Other compensation totaled a little over $342,000.

In the proxy, MB Financial's compensation committee cited Feiger's leadership. The committee noted his “contributions to the execution of our business plan,” as well as his crucial role in “successfully melding the senior leadership teams and business units of (MB Financial) and Taylor Capital.”

At PrivateBancorp, which has seen its stock price rise due to the bank's ability to generate double-digit loan growth, Richman's cash haul was $1.95 million ($970,833 in salary and $978,961 in incentive pay). He got a little over $729,000 in stock awards and another $292,308 in options. Other compensation totaled a little over $135,000.

Wehmer's salary of $1.1 million was tops among the three. His cash bonus of $976,000 was 13 percent higher than 2013's $860,000. Stock and option awards both came in at $357,500. Other compensation totaled nearly $38,000.

WINTRUST GROWS

Wehmer has expanded Wintrust to $20 billion in assets, largely through a rapid-fire series of deals for small banks in both the Chicago area and southern Wisconsin.

PrivateBancorp was the only one of the three to generate double-digit returns. Its return on common equity in 2014 was 10.9 percent vs. 7.8 percent for Wintrust and 5.3 percent for MB Financial.

Chicago's fourth locally based mid-sized commercial bank, Itasca-based First Midwest Bancorp, paid CEO Michael Scudder $2.7 million in 2014, according to its proxy statement, issued today. Scudder got $750,000 in salary; $482,400 in cash incentive pay; $47,000 in cash bonus; $1.1 million in stock awards; more than $221,000 in increased pension value, and more than $111,000 in other compensation.

First Midwest's return on average common equity was 6.6 percent last year. Its stock price fell 2.4 percent in 2014 and has gained 2.3 percent so far this year through yesterday's close.

Morgan Stanley’s James Gorman received $22.5 million in 2014

Morgan Stanley’s chief executive, James Gorman, received a 25 percent raise for 2014, bringing his total compensation to $22.5 million.

The bank said in a regulatory filing on Wednesday that Mr. Gorman’s pay package was justified by his success in reducing the bank’s reliance on risky trading activities and cutting costs across the company.

The company’s return to shareholders — which includes dividends paid out — rose 25 percent last year, compared with 13 percent for its peers, the bank said.

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The raise puts Mr. Gorman’s annual compensation above that received by Jamie Dimon, the chief executive of the nation’s largest bank, JPMorgan Chase, but below that of Lloyd Blankfein, the chief executive of Morgan Stanley’s longtime competitor, Goldman Sachs.

Mr. Blankfein is expected to receive $24 million for 2014 and could receive more when long-term stock awards are included. Goldman has not yet released the full details of Mr. Blankfein’s pay package for 2014. Mr. Dimon is set to receive $20 million for 2014.

Mr. Gorman’s pay is broken down into a $1.5 million base salary, a $4.7 million cash bonus, $5.4 million in deferred cash, $4.4 million in deferred stock awards and $6.5 million in stock awards that he will receive if the company meets certain performance targets.

The total pay package compares with the $18 million he received last year and is more than double the $9.8 million he received in 2012.

Mondelez CEO Rosenfeld's pay increased 50% to $21 million

Mondelez International CEO Irene Rosenfeld's total compensation in 2014 rose 50.3 percent to $21 million, with the vast majority of the increase, $5.1 million, tied to an increase in the value of her pension plan and other retirement benefits. 

Rosenfeld, 61, also received a boost in her annual cash incentive, which more than doubled in 2014 to $3.6 million. Her base salary of $1.6 million rose slightly, up from $1.59 million in 2013, according to documents filed today with the federal Securities and Exchange Commission.

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Ford CEO Fields received $18.6 million 2014

DETROIT, March 27 (Reuters) - Ford Motor Co's Chief Executive Mark Fields made $18.6 million in salary and other compensation last year, which compares to $23.2 million for former CEO Alan Mulally in 2013.

Fields' compensation last year was for half the year as CEO and half as the company's chief operating officer. For 2013, Fields made $10.2 million as COO.

Mulally made $22 million in 2014 salary and other compensation. The Ford board of directors decided that Mulally deserved a full year's worth of stock awards because his impact was felt on the company for the full year, a company spokesman said.

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Bristol-Myers Squibb CEO sees 30% rise in compensation

Bristol-Myers Squibb’s  Lamberto Andreotti, due to retire as CEO in May, pulled in compensation valued at more than $27 million last year, up nearly 30% from 2013.

Andretti’s compensation included a $1.7 million salary, a $18 million stock award and $5.6 million incentive award, Bristol-Myers BMY said in its annual proxy, filed Thursday.

Directors considered Andreotti’s leadership, shareholder return and drug pipeline in awarding his incentive award. Revenue and earnings per share also came in above target.

Andreiotti gained another $31.7 million exercising previously awarded stock and another $2.6 million from stock option gains.

Lamberto, 64, will remain as Bristol’s executive chairman. Dr. Giovanni Caforio, currently COO, will take over Lamberto’s job.

Andreotti was named CEO in May 2010. BMG says its five year total shareholder return was 183%, outpacing the Standard & Poors 500’s 105% gain.

Executive pay : GE's Immelt's pay doubled in 2014

• Immelt's pay doubled to $37.2 million in 2014
• Shares fell 10% the same year

General Electric CEO Jeff Immelt received compensation valued at $18.8 million in 2014, down 2.2% from 2013, the industrial giant said Tuesday in its annual proxy.

Immelt's compensation included a $3.75 million salary, up from about $3.5 million in 2013, a $5.4 million bonus and $3.6 million stock award - less than half of the value of his $7.8 million stock award in 2013. Immelt also received $2.5 million in stock options and nearly $2.5 million in incentive pay, plus more than $800,000 worth of perks, including $395,000 for personal use of company aircraft.

General Electric's board of directors said Immelt "performed very well" in 2014, part of the reason it awarded him a bonus 8% greater than 2013's. He also received a 9% bump in salary, just the second salary increase since 2005, four years after he was named to succeed Jack Welch as CEO.

Including a substantial change in his pension value, GE valued Immelt's compensation at $37.2 million. GE said 52% of the increase was due to how his payout is valued, based on interest rates and changes in life expectancy tables by the Society of Actuaries.

Executive pay : Wal-Mart cuts outgoing CEO's pay 73% to $5.6 million in 2013

NEW YORK (AP) -- The pay of Wal-Mart Stores Inc.'s outgoing CEO fell 73 percent in 2013 because he didn't get stock awards that are given in anticipation of future performance as well as a lower performance-based bonus.

The world's largest retailer gave Mike Duke, 64, a compensation package worth about $5.6 million including a base salary of $1.4 million and a performance-based bonus of $2.8 million for the fiscal year that ended on Jan. 31.

Other compensation totaled $490,090, including retirement contributions and $144,586 for personal use of company aircraft.

Duke, who retired Jan. 31, had $140.1 million in deferred compensation at year's end, Wal-Mart said Wednesday in its annual proxy filing. That's more than $27 million over what Duke had accumulated in retirement accounts in 2013, when governance experts noted that was more than 6,000 times greater than what the average Wal-Mart employee had stashed in 401K retirement accounts.

Duke's fiscal 2014 compensation dropped more than 70% to $5.6 million from $20.7 million in the prior fiscal year, mostly due to the absence of a stock award.

Duke gained another $17 million from vested shares and nearly $2.9 million exercising previously awarded stock options.

Duke had been CEO since February 2009 and previously oversaw Wal-Mart International and Wal-Mart U.S. Before joining the company, Duke was with the Federated and May department store chains.

Wal-Mart has noted that Duke had been with the company since 1995 and that his deferred pay and compensation was tied both to a competitive marketplace and his length of service.

Duke's successor, C. Douglas McMillon, saw his compensation soar to $25.6 million from $9.5 million. The bulk of McMillon's gain came from a $23 million stock grant. Wal-Mart said the grant is tied to McMillon's promotion and payouts tied to three years of corporate performance metrics.

Executive pay : McDonald's cut CEO Thompson's total pay 31% to $9.5 million

Don Thompson, president and CEO of McDonald's Corp., saw his total 2013 compensation package drop 31 percent, to $9.5 million, in a year when the fast-food giant saw lackluster sales.

Mr. Thomson, who ascended to the top spot in mid-2012, did receive a 20 percent salary increase in 2013, to $1.2 million. He also got $4.6 million in stock awards, about seven times the $660,129 granted in 2012.
But since McDonald's revenue grew 2 percent to $28.1 billion last year, that was only enough for Mr. Thompson to receive 70 percent of his annual incentive payout.

"Our 2013 financial performance was below our expectations and compensation targets for each of our primary metrics, which negatively impacted executive compensation," the company said in a document filed today with the Securities and Exchange Commission. "As a reflection of our pay for performance philosophy, officers did not receive 2014 base salary increases in connection with our annual review process."
McDonald's shares were at $99.29, down 14 cents, in late trading today.

The company is scheduled to report first-quarter results on April 22.

Executive pay : JP Morgan Chase cut CEO Dimon's pay to $11.8 mln in 2013

Dimon narrowly the best-paid bank CEO

J.P. Morgan Chase & Co. (JPM) CEO Jamie Dimon's pay fell to $11.8 million in 2013, compared with $18.7 million the year before, according to a Securities and Exchanges Commission filing on Wednesday.

The CEO received a base annual salary of $1.5 million, stock awards valued at $10 million, and other compensation, according to SEC methodology.

Dimon's pay was cut by the firm's board after the massive London Whale losses that cost the firm more than $6 billion. The firm's CFO Marianne Lake earned $8.23 million last year, which includes $730,000, as well as a $1.3 million bonus and more than $4 million in stocks awards and options. Former co-CEO of the investment bank who recently left the firm, Michael J. Cavanagh, earned $16.2 million in 2013.

Mr. Dimon's pay is higher than that awarded to other CEOs of giant banks. Bank of America's Brian Moynihan was paid $13.1 million last year, Citigroup's Michael Corbat got $17.6 million, Morgan Stanley's James Gorman got $18 million and Goldman Sachs' Lloyd Blankfein $19,928,813. That means Mr. Dimon got paid $71,187 more than Mr. Blankfein, although the cash component of Mr. Blankfein's pay was $6.8 million higher.

Executive pay : Mondelez cuts CEO Rosenfeld's pay by half

Irene Rosenfeld, chairman and CEO of Mondelez International Inc., took a big pay cut last year, with her total compensation falling 51 percent to $14 million.

The decline came from a difficult year that she called "below what we and our shareholders originally expected" and the lack of a $10 million bonus she received in 2012 for creating Deerfield, Illinois-based Mondelez. The snacks company was spun off from Kraft Foods Inc. in 2012. Mondelez took with it Kraft's Oreo and Tang brands and a focus on emerging markets while the renamed Kraft Foods Group Inc. retained its Macaroni and Cheese, among others.

Executive pay : CME boosts pay for Gill by 28%, for Duffy by 30%

CME Group Inc. increased compensation for its top two executives more than 25 percent last year — a bigger boost than the Chicago-based futures exchange company delivered to public shareholders in earnings, revenue or trading volume increases.

CME, which operates the largest futures marketplace in the world, said in a proxy filing with the Securities and Exchange Commission that total compensation for CEO Phupinder Gill jumped 28 percent to $4.15 million last year compared with 2012, including a near doubling of his bonus to $1.1 million. His pay package also included stock awards worth $1.9 million, the filing said.

Compensation for Executive Chairman and President Terry Duffy climbed 30 percent to $5.22 million, also including a near doubling of his bonus to $1.4 million.

The company's earnings last year rose too, albeit at a smaller rate. Net income climbed 7.9 percent to $978.1 million over 2012, on a revenue jump of less than 1 percent to $2.94 billion. Shares rose 55 percent last year over 2012 to close out the year at $78.46 a share.

Mr. Gill was appointed to the top post in 2012, after the exit of Craig Donohue. At the time, the company and the industry were still reeling from the 2011 collapse of MF Global Inc., a futures broker that abruptly filed for bankruptcy and revealed that as much as $1.6 billion in customer funds was missing. The incident undercut customers' trust in the futures market, and industry volume declined. Volume has since largely recovered, with average daily trading volume increasing 10 percent last year over 2012.

Executive pay: Ford boosts CEO pay 11% to $23.2 million

Mulally was paid $23.2 million in 2013, up from about $21 million the previous year, Ford (F) said in a regulatory filing.

For 2013, the automaker's earnings rose 26% to $7.2 billion. The company also shared its strong performance with its hourly factory workers with a record profit-sharing bonus of about $8,800 each.

Mulally became Ford's CEO in 2006 and is credited with turning the automaker around, allowing it to avoid the bankruptcy and federal bailout that rivals General Motors and Chrysler Group required during the recession.

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Mulally is also highly regarded in the corporate world and rumors circulated earlier this year that he would be tapped by Microsoft (MSFT) to replace retiring CEO Steve Balmer. But Mulally put those rumors to bed in January and said he would stay with Ford at least through 2014.

Ford is paying Mulally more than what GM (GM) paid former CEO Dan Akerson in 2013. Akerson retired in January and was replaced by Mary Barra, whose pay package totals $14.4 million.
Mulally's base salary remains the same at $2 million. His raise comes from a bigger bonus and increase in stock awards.