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27 HARTFORDBUSINESS.COM | JUNE 28 2021 FOCUS: Wealthiest People By Liese Klein lklein@hartfordbusiness.com A once-in-a-generation pandemic may have tripped up the U.S. economy over the past year, but CEO pay held up pretty well. In fact, the median pay package for a CEO at an S&P 500 company in 2020 rose 5% compared to 2019, hitting $12.7 million, according to data analyzed by Equilar for The Associated Press. The 2019 number was a 4.1% increase compared to 2018. Meantime, the pay ratio for the 200 highest-paid chief executives at public companies rose to a median of 274 times the pay of the median employee, compared with 245 times in the previous year, according to a recent New York Times analysis of CEO pay disclosures. Stock market gains boost public company CEO pay, despite pandemic CEO Company HQ/CT HQ CEO compensation Median employee compensation CEO pay ratio (to 1) H. Lawrence Culp Jr. General Electric Boston/Fairfield $73,192,032 $53,928 1,357 Thomas Rutledge Charter Communications Stamford $38,846,705 $56,568 687 Larry Merlo CVS Health Rhode Island/Hartford $23,057,647 $55,716 414 Gregory Hayes Raytheon Mass./Farmington $20,970,890 $108,914 193 David Cordani Cigna Bloomfield $19,929,493 $65,520 304 Alan D. Schnitzer Travelers Companies New York/Hartford $19,003,194 $112,896 168 Giovanni ("John") Visentin Xerox Corp. Norwalk $18,144,360 $78,027 233 James Loree Stanley Black & Decker New Britain $16,289,894 $58,362 279 James J. Judge Eversource Energy Boston/Hartford $14,575,276 $140,054 104 William C. Stone SS&C Technologies Windsor $14,514,142 $80,175 181 Margaret M. Keane Sychrony Financial Stamford $12,952,777 $45,978 282 Eugene A. Hall Gartner Stamford $12,595,105 $120,511 105 Anthony J. Guzzi Emcor Norwalk $10,808,156 $52,535 206 W. Robert Berkley Jr. W.R. Berkley Greenwich $9,982,728 $92,457 108 Patrick J. Dempsey Barnes Group Bristol $8,154,857 $60,082 136 R. Adam Norwitt Amphenol Wallingford $8,037,847 $55,017 146 George R. Aylward Virtus Investment Partners Hartford $8,005,917 $217,818 37 Nick L. Stanage Hexcel Corp. Stamford $7,953,938 $58,172 137 John L. Garrison, Jr. Terex Corp. Westport $7,439,350 $44,213 168 Glenn Fogel Booking Holdings Norwalk $7,148,598 $56,834 126 Gerben Bakker Hubbell Inc. Shelton $6,818,086 $47,800 143 Neal Keating Kaman Corp. Bloomfield $6,791,841 $84,483 80 Matthew Flannery United Rentals Stamford $6,526,206 $69,833 93 Max Mitchell Crane Co. Stamford $6,361,666 $67,107 95 Marc Lautenbach Pitney Bowes Stamford $4,713,361 $49,445 95 Vincent McMahon World Wrestling Entertainment Stamford $3,905,792 $102,577 38 Christopher J. Killoy Sturm Ruger Southport $3,819,334 $47,631 80 Christopher Pappas Chefs Warehouse Ridgefield $3,804,992 $44,524 86 Jason Few FuelCell Energy Danbury $3,795,525 $87,702 43 John R. Ciulla Webster Financial Corp. Waterbury $3,487,859 $70,092 50 Dennis V. Arriola Avangrid Orange $2,753,686 $107,055 26 Sara Greenstein Lydall Manchester $2,295,730 $37,175 62 Peter Kirlin Photronics Brookfield $2,103,976 $39,832 52 CT's highest-paid CEOs Here is a list of the highest-paid, publicly-traded company CEOs in the state. The companies listed are either based in Connecticut or have a major presence here. Source: U.S. Securities & Exchange Commission filings PHOTO | ADOBE STOCK