Issue link: https://nebusinessmedia.uberflip.com/i/1015970
wbjournal.com | August 20, 2018 | Worcester Business Journal 39 BRINGING HEALTHCARE TO LIFE www.reliantmedicalgroup.org 16-122 WBJ Book of Lists banner ad.indd 1 5/25/2016 4:31:40 PM Highest-paid executives Ranked by total compensation in fiscal 2017 for public companies headquartered in Central Mass. Source: The U.S. Securities & Exchange Commission proxy statements. Notes: N/A = not applicable. Following the $6.9-billion acquisition by N.Y., New York-based Sycamore Partners, Framingham's Staples Inc. is no longer a public company. (a) New disclosure requirement is a component of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act; see company filings for details on how pay ratio and median compensation were calculated. (b) For fiscal year ended Jan. 31, 2018 (c) For purposes of this estimate, median employee was a part-time hourly retail store associate. (d) Change in pension value and non-qualified deferred compensation earnings (e) Amounts paid in U.K. pounds sterling were converted to U.S. dollars at the average annual exchange rate of $1.3021 per pound for fiscal 2018. (f) Resigned on Nov. 9, 2016, but remained an employee through March 31, 2017 to assist in an orderly transition (g) Fiscal year ended March 31, 2017; new disclosure requirement affects filings starting in 2018. (h) Resigned Nov. 3, 2017 - Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com Highest-paid executives Ranked by total compensation in fiscal 2017 for public companies headquartered in Central Mass. Name Total compensation CEO pay ratio/ median employee salary (a) Salary Bonus Non-equity incentive plan compensation Option awards Stock awards Other annual compensation 1 Ernie Herrman, president & CEO The TJX Cos. Inc., Framingham $16,880,171 (b) 1,501:1 $11,243 (c) $1,619,232 —- $3,069,753 $618,910 $9,000,001 $1,286,199 (d) 2 Carol M. Meyrowitz, executive chairman The TJX Cos. Inc., Framingham $13,355,228 (b) —- $1,053,846 —- $3,040,563 —- $5,000,035 $4,217,594 (d) 3 Michael F. Mahoney, chairman, president & CEO Boston Scientific Corp., Marlborough $13,084,452 205:1 $63,696 $1,179,452 —- $1,890,000 $2,249,995 $7,225,607 $417,144 (d) 4 Christopher J. O'Connell, president & CEO Waters Corp., Milford $7,599,988 100:1 $75,696 $894,202 —- $1,063,824 $3,849,973 $1,649,850 —- 5 Michael MacMillan (e), SEVP & group president The TJX Cos. Inc., Framingham $6,217,207 (b) —- $1,114,648 —- $1,280,382 $279,813 $3,068,400 $213,073 (d) 6 Richard Sherr, SEVP & group president The TJX Cos. Inc., Framingham $6,201,915 (b) —- $1,070,195 —- $1,027,233 $322,773 $3,068,400 $563,104 (d) 7 Jitin Goyal (f), former president of banking & financial services Virtusa Corp., Westborough $6,158,486 —- $428,976 —- —- —- $4,294,187 —- 8 Joseph M. Fitzgerald, EVP & president of Rhythm Management Boston Scientific Corp., Marlborough $5,838,997 —- $564,740 —- $595,139 $2,949,992 $1,435,716 $273,769 (d) 9 Scott Goldenberg, SEVP & CFO The TJX Cos. Inc., Framingham $5,834,133 (b) —- $905,770 —- $962,645 $279,813 $3,068,400 $483,738 (d) 10 Krishan Canekeratne, chairman & CEO Virtusa Corp., Westborough $4,695,310 —- (g) $475,000 —- —- —- $4,220,310 —- 11 Sherry L. Buck, SVP & CFO Waters Corp., Milford $4,582,294 —- $494,712 $300,000 $372,338 $2,203,177 $1,117,360 —- 12 Robert J. Willett, president & CEO Cognex Corp., Natick $3,866,577 46:1 $83,500 $375,500 —- $788,259 $2,693,925 —- —- 13 John J. Curran, CFO Cognex Corp., Natick $3,863,400 —- $297,933 —- $236,250 $3,319,875 —- —- 14 Joseph M. Zubretsky (h), former president & CEO The Hanover Insurance Group Inc., Worcester $3,748,448 42:1 $74,800 $888,556 —- —- $1,499,999 $1,320,277 —- 15 Daniel J. Brennan, EVP & CFO Boston Scientific Corp., Marlborough $3,632,769 —- $593,194 —- $504,037 $549,994 $1,766,253 $198,150 (d) 16 Sheila DiPalma, SVP Cognex Corp., Natick $3,540,489 —- $225,269 —- $154,487 $3,151,553 —- —- Source: The U.S. Securities & Exchange Commission proxy statements. Notes: N/A = not applicable. Following the $6.9-billion acquisition by N.Y., New York-based Sycamore Partners, Framingham's Staples Inc. is no longer a public company. (a) New disclosure requirement is a component of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act; see company filings for details on how pay ratio and median compensation were calculated. (b) For fiscal year ended Jan. 31, 2018 (c) For purposes of this estimate, median employee was a part-time hourly retail store associate. (d) Change in pension value and non-qualified deferred compensation earnings (e) Amounts paid in U.K. pounds sterling were converted to U.S. dollars at the average annual exchange rate of $1.3021 per pound for fiscal 2018. (f) Resigned on Nov. 9, 2016, but remained an employee through March 31, 2017 to assist in an orderly transition (g) Fiscal year ended March 31, 2017; new disclosure requirement affects filings starting in 2018. (h) Resigned Nov. 3, 2017 - Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com