Issue link: https://nebusinessmedia.uberflip.com/i/1294813
STUFFMadeInCT.com | Fall 202 0 • STUFF 25 Highest-Paid Chief Executives CT Public Manufacturing Companies (Ranked by total 2019 compensation) Rank Executive Total compensation 2019/ 2018/ % change 2019 Salary 2019 Stock awards/ Option awards/ Bonus 2019 Non-equity incentive plan compensation/ Change in pension value and nonqualified deferred compensation/ Other compensation 1 Stephen F. Angel CEO, Linde PLC Praxair Inc., now Linde PLC (NYSE: LIN) (a) Dublin, Ireland $22,475,878 $66,149,326 -66.0% $1,520,833 $9,121,847 $4,152,405 N/A $3,726,422 $3,596,000 $358,371 2 William C. Stone CEO SS&C Technologies Holdings Inc. (NASDAQ: SSNC) Windsor $21,620,325 $15,862,121 36.3% $875,000 N/A $6,730,791 N/A $14,000,000 N/A $14,534 3 Gregory J. Hayes CEO (b) United Technologies Corp., now Raytheon Technologies (NYSE: RTX) (c) Waltham, Mass. $21,538,847 $18,418,315 16.9% $1,600,000 $6,816,740 $6,535,560 $4,200,000 N/A $2,071,748 $314,799 4 Ludwig N. Hantson CEO Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) Boston $18,947,984 $16,490,250 14.9% $1,250,000 $15,243,634 N/A N/A $2,430,000 N/A $24,350 5 James M. Loree President & CEO Stanley Black & Decker Inc. (NYSE: SWK) New Britain $18,687,549 $13,563,404 37.8% $1,250,000 $1,250,000 $2,256,750 $0 N/A $6,180,244 $395,511 6 Giovanni (John) Visentin Vice chairman & CEO Xerox Corp. (NYSE: XRX) Norwalk $13,137,434 $23,459,003 (d) -44.0% $1,200,000 $10,000,029 N/A N/A $1,760,400 N/A $177,005 7 Michael J. Hartnett President & CEO RBC Bearings Inc. (NASDAQ: ROLL) Oxford $11,640,585 $7,888,243 47.6% $775,020 $6,875,525 $2,769,440 N/A $1,162,530 $58,070 N/A 8 Rahul Kanwar President & COO SS&C Technologies Holdings Inc. Windsor $10,697,206 $8,725,187 22.6% $575,000 N/A $4,113,261 N/A $6,000,000 N/A $8,945 9 Anthony J. Guzzi President & CEO EMCOR Group Inc. Norwalk $10,636,167 $10,053,185 5.8% $1,150,000 $2,221,845 N/A N/A $7,105,450 N/A $158,872 10 Robert K. Ortberg CEO, Collins Aerospace United Technologies Corp., now Raytheon Technologies (e) UTC was headquartered in Farmington (f) $10,161,443 $10,305,050 -1.4% $1,210,000 $3,149,804 $3,013,280 $2,200,000 N/A $2,200,000 $356,873 11 Robert J. McDonough EVP & COO of Carrier (g) United Technologies Corp., now Raytheon Technologies (h) UTC was headquartered in Farmington (i) $10,037,764 $6,194,362 62.0% $962,500 $4,151,214 $3,929,324 $600,000 N/A $270,952 $123,774 12 John L. Garrison President & CEO Terex Corp. Westport $8,332,602 $9,629,700 -13.5% $967,788 $6,295,656 $0 $0 $699,742 $0 $369,416 13 Patrick J. Dempsey President & CEO Barnes Group Inc. Bristol $8,254,192 $6,789,894 21.6% $893,750 $4,015,352 $879,613 $0 $182,250 $2,133,602 $149,625 14 Akhil Johri Former special advisor to the chairman & CEO (j) United Technologies Corp., now Raytheon Technologies (k) UTC was headquartered in Farmington (f) $8,230,671 $6,454,568 27.5% $937,500 $2,362,353 $2,259,960 $1,900,000 N/A $392,208 $378,650 Source: Each company's proxy statement. Notes: N/A = Not applicable. Companies on this list that are headquartered out of state were previously headquartered in Conn. and retain a significant presence in Conn. (a) Completed a merger of equals with Munich, Germany's Linde AG in 2018, now known as Linde PLC. (b) Previously chairman and CEO of UTC, now CEO of Raytheon Technologies. (c) On April 3, 2020, United Technologies Corp. (UTC) and Mass. defense company Raytheon completed a $180-billion merger of equals, creating Raytheon Technologies. The union was contingent upon divestiture of Raytheon's military airborne radios business and UTC's military GPS and large space-based optical systems businesses. Farmington-based Otis Elevator and Florida-based Carrier Corp., formerly part of UTC, now operate as independent companies. (d) Included one-time compensation as a cash sign-on bonus payment of $1,500,000 and an initial equity award of restricted stock, with a grant date fair value equal to $10,000.025. (e) On April 3, 2020, United Technologies Corp. (UTC) and Mass. defense company Raytheon completed a $180-billion merger of equals, creating Raytheon Technologies. The combined company is headquartered in Waltham, Mass. and trades under the ticker symbol RTX. The union was contingent upon divestiture of Raytheon's military airborne radios business and UTC's military GPS and large space-based optical systems businesses. Farmington-based Otis Elevator and Florida-based Carrier Corp., formerly part of UTC, now operate as independent companies. (f) Raytheon Technologies is based in Waltham, Mass. (g) Former president of Carrier (h) Carrier separated from UTC as of April 3, 2020, now publicly traded under NYSE ticker symbol CARR. (i) Carrier is based in Palm Beach Gardens, Fla. (j) Served as UTC's EVP & CFO for more than 30 years, retiring from the post as of Nov. 1, 2019 and later serving as special advisor to the chairman & CEO. (k) On April 3, 2020, United Technologies Corp. (UTC) and Mass. defense company Raytheon completed a $180-billion merger of equals, creating Raytheon Technologies. The combined company is headquartered in Waltham, Mass. and trades under the ticker symbol RTX. The union was contingent upon divestiture of Raytheon's military airborne radios business and UTC's military GPS and large space-based optical systems businesses. Farmington-based Otis Elevator and Florida-based Carrier Corp., formerly part of UTC, now operate as independent companies. —Compiled by hmartin@nebusinessmedia.com. How much do top manufacturing employees make? Millions! Ranked by total 2019 compensation Source: Each company's proxy statement. Notes: N/A = Not applicable. Companies on this list that are headquartered out of state were previously headquartered in Conn. and retain a significant presence in Conn. (a) Completed a merger of equals with Munich, Germany's Linde AG in 2018, now known as Linde PLC. (b) Previously chairman and CEO of UTC, now CEO of Raytheon Technologies. (c) On April 3, 2020, United Technologies Corp. (UTC) and Mass. defense company Raytheon completed a $180-bil- lion merger of equals, creating Raytheon Technologies. The union was contingent upon divestiture of Raytheon's mili- tary airborne radios business and UTC's military GPS and large space-based optical systems businesses. Farmington- based Otis Elevator and Florida-based Carrier Corp., formerly part of UTC, now operate as independent companies. (d) Included one-time compensation as a cash sign-on bonus payment of $1,500,000 and an initial equity award of restricted stock, with a grant date fair value equal to $10,000.025. (e) On April 3, 2020, United Technologies Corp. (UTC) and Mass. defense company Raytheon completed a $180-bil- lion merger of equals, creating Raytheon Technologies. The combined company is headquartered in Waltham, Mass. and trades under the ticker symbol RTX. The union was contingent upon divestiture of Raytheon's military airborne radios business and UTC's military GPS and large space-based optical systems businesses. Farmington-based Otis Elevator and Florida-based Carrier Corp., formerly part of UTC, now operate as independent companies. (f) Raytheon Technologies is based in Waltham, Mass. (g) Former president of Carrier (h) Carrier separated from UTC as of April 3, 2020, now publicly traded under NYSE ticker symbol CARR. (i) Carrier is based in Palm Beach Gardens, Fla. (j) Served as UTC's EVP & CFO for more than 30 years, retiring from the post as of Nov. 1, 2019 and later serving as special advisor to the chairman & CEO. (k) On April 3, 2020, United Technologies Corp. (UTC) and Mass. defense company Raytheon completed a $180-bil- lion merger of equals, creating Raytheon Technologies. The combined company is headquartered in Waltham, Mass. and trades under the ticker symbol RTX. The union was contingent upon divestiture of Raytheon's military airborne radios business and UTC's military GPS and large space-based optical systems businesses. Farmington-based Otis Elevator and Florida-based Carrier Corp., formerly part of UTC, now operate as independent companies. — Compiled by hmartin@nebusinessmedia.com.