Issue link: https://nebusinessmedia.uberflip.com/i/533121
10 Hartford Business Journal • June 29, 2015 www.HartfordBusiness.com To view the full list, please visit HartfordBusiness.com ▶ ▶ Did we miss you? We want to publish the most complete and accurate lists possible. To correct an error or submit information, contact Roger Magnus, research director, at (508) 755-8004, ext. 263 or rmagnus@nebusinessmedia.com. THE LIST Highest-paid executives in Connecticut (Ranked by total 2014 compensation) Rank Name/ title/ company/ city Total compensation 2014/ 2013 Percent change 2013-2014 2014 Salary 2014 Stock awards 2014 Option awards 2014 Bonus 2014 Non-equity incentive plan compensation 2014 Change in pension value and nonqualified deferred compensation 2014 All other compensation 1 Jeffrey R. Immelt Chairman & CEO General Electric Co. Fairfield $37,250,774 $19,776,716 88.4% $3,750,000 $3,676,157 $2,565,000 $5,400,000 $2,484,000 $18,568,983 $806,634 2 Liam McGee (1) Late former Chairman, President & CEO The Hartford Financial Services Group Hartford $33,479,089 $17,670,315 89.5% $1,050,000 $15,439,121 $13,495,250 NA $3,260,250 $45,995 $188,473 3 John G. Rice Vice Chairman General Electric Co. Fairfield $28,195,167 $12,913,959 118.3% $2,450,000 $0 $3,419,000 $4,400,000 $1,849,500 $13,216,460 $2,860,207 4 Louis Chênevert (2) Former Chairman & CEO United Technologies Corp. Hartford $27,107,982 $20,274,316 33.7% $1,869,583 $7,110,747 $6,174,825 $0 $188,800 $11,227,997 $536,030 5 Keith S. Sherin Vice Chairman General Electric Co. Fairfield $24,748,399 $11,528,361 114.7% $2,300,000 $0 $3,419,000 $4,025,000 $1,761,750 $12,982,498 $260,151 6 Darren Huston President & CEO, The Priceline Group and CEO, Booking.com The Priceline Group Inc. Norwalk $21,966,094 $17,878,468 22.9% $750,000 $14,000,667 NA NA $7,000,000 NA $215,427 7 Leonard Bell Former Chairman & CEO Alexion Pharmaceuticals Inc. Cheshire $20,570,703 $13,388,704 53.6% $1,280,000 $8,165,578 $9,074,125 NA $2,028,000 NA $23,000 8 Stephen F. Angel Chairman, President & CEO Praxair Inc. Danbury $19,687,401 $13,585,609 44.9% $1,287,500 $5,282,750 $2,982,456 NA $2,781,000 $7,174,000 $179,695 9 William R. Berkley Chairman & CEO WR Berkley Corp. Greenwich $19,483,692 $11,159,578 74.6% $1,000,000 $5,418,380 NA NA $10,723,159 NA $2,342,153 10 Jeffrey S. Bornstein SVP & CFO General Electric Co. Fairfield $16,250,709 $7,236,314 124.6% $1,450,000 $2,585,000 $2,893,000 $2,400,000 $1,080,000 $5,661,859 $180,850 11 Mark T. Bertolini Chairman & CEO Aetna Inc. Hartford $15,067,322 $30,725,409 -51.0% $996,169 $5,070,050 $6,908,918 NA $1,680,000 $23,386 $388,799 12 David M. Cordani President & CEO Cigna Corp. Bloomfield $14,461,445 $13,524,079 6.9% $1,125,185 $5,670,023 $5,400,023 NA $1,900,000 $125,859 $240,355 13 Ursula M. Burns Chairman & CEO Xerox Corp. Norwalk $14,455,360 $10,237,021 41.2% $1,100,000 $15,500,006 NA NA $1,980,000 $3,438,054 $187,302 14 Brackett B. Denniston III SVP, General Counsel & Secretary General Electric Co. Fairfield $13,256,496 $8,868,483 49.5% $1,775,000 $0 $2,893,000 $3,025,000 $1,296,000 $4,049,639 $217,857 15 John F. Lundgren Chairman & CEO Stanley Black & Decker Inc. New Britain $13,137,482 $10,667,162 23.2% $1,304,167 $5,763,029 $1,498,500 $0 $3,730,350 $492,849 $348,587 16 Geraud Darnis President & CEO, UTC Building & Industrial Systems United Technologies Corp. Hartford $13,110,269 $7,930,469 65.3% $1,037,500 $2,257,380 $5,897,475 $1,200,000 $177,000 $2,340,071 $200,843 17 Frits van Paasschen (3) Former President & CEO Starwood Hotels & Resorts Worldwide Inc. Stamford $12,001,943 $10,913,694 10.0% $1,250,000 $8,695,815 NA NA $1,875,000 NA $181,128 18 Dinesh Paliwal Chairman, President & CEO Harman International Industries Stamford $11,965,521 $8,763,411 36.5% $1,193,513 $5,748,594 $0 $0 $3,580,539 $1,358,545 $84,330 19 Stephen P. Squinto EVP, Chief Global Operations Officer Alexion Pharmaceuticals Inc. Cheshire $9,963,844 $4,022,577 147.7% $635,000 $3,711,397 $5,074,447 $75,000 $445,000 NA $23,000 20 James M. Loree President & COO Stanley Black & Decker Inc. New Britain $9,752,568 $8,554,885 14.0% $810,000 $3,276,946 $999,000 $0 $1,549,530 $2,887,907 $229,185 21 Thomas J. May Chairman, President & CEO Eversource Energy (4) Hartford (5) $8,980,517 $7,660,999 17.2% $1,196,325 $5,276,401 NA NA $2,250,000 $182,787 $75,004 22 W. Robert Berkley Jr. President & COO WR Berkley Corp. Greenwich $8,762,688 $4,197,741 108.7% $850,000 $3,201,770 NA NA $3,908,101 NA $802,816 Source: Individual companies' proxy statements. Note: NA=Not applicable. (1) Resigned in 2014 and replaced by Chris Swift. 2014 total compensation includes modification of performance share and stock option awards to prepare for retirement treatment. Following McGee's death on Feb. 13, 2015, all outstanding options vested in full and all outstanding performance share awards (except for his performance share award granted on Oct. 30, 2013, which was forfeited) pro-rata vested in accordance with the terms of the 2010 incentive stock plan applicable upon the death of an employee. (2) Resigned as chairman and CEO of the company effective Nov. 23, 2014, and retired from the company effective Jan. 3, 2015. (3) Resigned in February 2015. (4) Formerly known as Northeast Utilities. (5) Dual headquarters in Boston, Mass. —Compiled by Roger Magnus and Heide Martin.