Issue link: https://nebusinessmedia.uberflip.com/i/696819
10 Hartford Business Journal • June 27, 2016 www.HartfordBusiness.com THE LIST To view the full list, please visit HartfordBusiness.com Highest-paid executives in Connecticut (Ranked by total 2015 compensation) Rank Executive Total compensation 2015/ 2014 Percent change 2014-2015 2015 Salary 2015 Stock awards 2015 Option awards 2015 Bonus 2015 Non-equity incentive plan compensation 2015 Change in pension value and nonqualified deferred compensation 2015 All other compensation 1 Ari Bousbib Chairman, president & CEO IMS Health Holdings Inc. Danbury $34,833,517 $25,936,121 34.3% $1,600,000 $25,599,344 $2,011,363 $0 $5,000,000 $303,889 $318,921 2 Leonard Bell Former CEO Alexion Pharmaceuticals Inc. Cheshire $24,918,377 $20,570,703 21.1% $358,308 $5,083,031 $17,110,292 $0 $428,125 NA $1,938,621 3 Jeffrey Immelt Chairman & CEO General Electric Co. Fairfield $23,376,805 $20,530,474 13.9% $3,800,000 $6,238,766 $2,964,000 $5,400,000 $7,614,000 $6,336,805 $620,376 4 John F. Lundgren Chairman & CEO Stanley Black & Decker Inc. New Britain $18,014,264 $13,137,482 37.1% $1,350,000 $5,907,366 $1,645,500 $0 $2,731,725 $5,902,208 $477,465 5 David Cordani President & CEO Cigna Corp. Bloomfield $17,307,672 $14,461,445 19.7% $1,189,615 $7,105,072 $5,800,033 $0 $2,860,000 NA $352,952 6 Mark Bertolini Chairman & CEO Aetna Inc. Hartford $17,262,879 $15,067,322 14.6% $1,034,483 $597,010 $814,431 $0 $1,840,000 $2,073 $271,908 7 Thomas M. Rutledge President & CEO Charter Communications Inc. Stamford $16,361,387 $16,104,852 1.6% $2,000,000 $999,925 $8,999,426 $0 $4,156,600 NA $205,436 8 William R. Berkley Executive chairman W.R. Berkley Corp. Greenwich $16,139,411 $17,673,794 -8.7% $1,000,000 $5,405,798 NA $0 $9,246,400 NA $487,213 9 John Rice Vice chairman General Electric Co. Fairfield $15,885,987 $16,496,280 -3.7% $2,537,500 $2,991,242 $1,185,600 $4,088,000 $5,844,600 $1,317,517 $1,695,689 10 Keith Sherin Vice chairman General Electric Co. Fairfield $15,742,053 $13,530,834 16.3% $2,500,000 $2,991,242 $1,185,600 $5,232,500 $6,750,550 $6,953,331 $292,836 11 Stephen Angel President & CEO Praxair Inc. Danbury $15,079,525 $19,687,401 -23.4% $1,300,000 $5,043,233 $3,130,159 $0 $702,000 $4,733,000 $171,133 12 Darren Huston Former president & CEO and former CEO, Booking.com (1) Priceline Group Norwalk $15,006,258 $21,966,094 -31.7% $865,000 $14,000,162 $0 $0 $0 NA $141,096 13 David Hallal CEO & former COO Alexion Pharmaceuticals Inc. Cheshire $14,719,786 $7,514,608 95.9% $1,048,461 $6,926,092 $4,906,068 $0 $1,815,000 NA $24,165 14 Geraud Darnis President & CEO, UTC Building & Industrial Systems United Technologies Corp. Hartford $14,409,658 $13,110,269 9.9% $1,087,500 $2,646,930 $1,823,440 $710,000 $0 $7,916,196 $225,592 15 Dinesh Paliwal Chairman, president & CEO Harman International Stamford $13,967,163 $11,965,521 16.7% $1,222,432 $5,480,550 NA $0 $3,614,195 $3,560,694 $89,292 16 Akhil Johri Executive vice president & CFO United Technologies Corp. Hartford $12,368,715 NA NA $700,000 $6,770,654 $3,470,482 $1,040,000 $0 $1,174 $386,405 17 Gregory Hayes President & CEO United Technologies Corp. Hartford $10,767,828 $8,986,174 19.8% $1,300,000 $4,752,443 $3,280,210 $850,000 $0 $230,673 $354,502 18 Ursula Burns Chairman & CEO Xerox Corp. Norwalk $10,613,090 $22,205,362 -52.2% $1,100,000 $8,000,004 NA $374,453 $792,000 NA $346,633 19 Brackett Denniston Former SVP, general counsel & secretary General Electric Co. Fairfield $10,463,404 $10,154,724 3.0% $1,837,500 $2,259,029 $889,200 $3,025,000 $4,081,800 $852,619 $207,435 20 Christopher Swift Chairman & CEO The Hartford Financial Services Group Hartford $10,022,419 $5,392,784 85.8% $1,000,000 $3,289,280 $3,200,000 $0 $2,450,000 $5,764 $77,375 21 Jeff Bornstein SVP & CFO General Electric Co. Fairfield $9,955,056 $11,364,319 -12.4% $1,600,000 $2,746,623 $1,086,800 $2,500,000 $3,351,200 $1,815,193 $161,000 22 William Stone CEO SS&C Technologies Holdings Windsor $9,377,179 $8,318,596 12.7% $875,000 NA $2,997,057 $0 $5,500,000 NA $5,122 23 W. Robert Berkley Jr. President & CEO W.R. Berkley Corp. Greenwich $8,260,165 $8,344,386 -1.0% $850,000 $3,194,346 NA $0 $3,815,350 NA $400,470 Source: Each company's proxy statement. Note: News reports indicate that ousted CEO of Stamford's Starwood Hotels & Resorts Worldwide Inc., Frits van Paasschen, earned $8.3 million in severance and consulting fees in 2015; Adam Aron, interim CEO for eleven months of the year, earned approximately $8 million. Confirmation of these figures via Starwood's proxy statement was not available as of press time. NA = Not applicable. (1) Resigned April 28, 2016. —Compiled by Stephanie R. Meagher. 1 Danbury 2 Leonard Bell Former CEO Alexion Pharmaceuticals Inc. Cheshire $24,918,377 $20,570,703 21.1% $358,308 $5,083,031 $17,110,292 $0 $428,125 NA $1,938,621 3 Jeffrey Immelt Chairman & CEO General Electric Co. Fairfield $23,376,805 $20,530,474 13.9% $3,800,000 $6,238,766 $2,964,000 $5,400,000 $7,614,000 $6,336,805 $620,376 4 John F. Lundgren Chairman & CEO Stanley Black & Decker Inc. New Britain $18,014,264 $13,137,482 37.1% $1,350,000 $5,907,366 $1,645,500 $0 $2,731,725 $5,902,208 $477,465 5 David Cordani President & CEO Cigna Corp. Bloomfield $17,307,672 $14,461,445 19.7% $1,189,615 $7,105,072 $5,800,033 $0 $2,860,000 NA $352,952 6 Mark Bertolini Chairman & CEO Aetna Inc. Hartford $17,262,879 $15,067,322 14.6% $1,034,483 $597,010 $814,431 $0 $1,840,000 $2,073 $271,908 7 Thomas M. Rutledge President & CEO Charter Communications Inc. Stamford $16,361,387 $16,104,852 1.6% $2,000,000 $999,925 $8,999,426 $0 $4,156,600 NA $205,436 8 William R. Berkley Executive chairman W.R. Berkley Corp. Greenwich $16,139,411 $17,673,794 -8.7% $1,000,000 $5,405,798 NA $0 $9,246,400 NA $487,213 9 John Rice Vice chairman General Electric Co. Fairfield $15,885,987 $16,496,280 -3.7% $2,537,500 $2,991,242 $1,185,600 $4,088,000 $5,844,600 $1,317,517 $1,695,689 10 Keith Sherin Vice chairman General Electric Co. Fairfield $15,742,053 $13,530,834 16.3% $2,500,000 $2,991,242 $1,185,600 $5,232,500 $6,750,550 $6,953,331 $292,836 11 Stephen Angel President & CEO Praxair Inc. Danbury $15,079,525 $19,687,401 -23.4% $1,300,000 $5,043,233 $3,130,159 $0 $702,000 $4,733,000 $171,133 12 Darren Huston Former president & CEO and former CEO, Booking.com (1) Priceline Group Norwalk $15,006,258 $21,966,094 -31.7% $865,000 $14,000,162 $0 $0 $0 NA $141,096 13 David Hallal CEO & former COO Alexion Pharmaceuticals Inc. Cheshire $14,719,786 $7,514,608 95.9% $1,048,461 $6,926,092 $4,906,068 $0 $1,815,000 NA $24,165 14 Geraud Darnis President & CEO, UTC Building & Industrial Systems United Technologies Corp. Hartford $14,409,658 $13,110,269 9.9% $1,087,500 $2,646,930 $1,823,440 $710,000 $0 $7,916,196 $225,592 15 Dinesh Paliwal Chairman, president & CEO Harman International Stamford $13,967,163 $11,965,521 16.7% $1,222,432 $5,480,550 NA $0 $3,614,195 $3,560,694 $89,292 16 Akhil Johri Executive vice president & CFO United Technologies Corp. Hartford $12,368,715 NA NA $700,000 $6,770,654 $3,470,482 $1,040,000 $0 $1,174 $386,405 17 Gregory Hayes President & CEO United Technologies Corp. Hartford $10,767,828 $8,986,174 19.8% $1,300,000 $4,752,443 $3,280,210 $850,000 $0 $230,673 $354,502 18 Ursula Burns Chairman & CEO Xerox Corp. Norwalk $10,613,090 $22,205,362 -52.2% $1,100,000 $8,000,004 NA $374,453 $792,000 NA $346,633 19 Brackett Denniston Former SVP, general counsel & secretary General Electric Co. Fairfield $10,463,404 $10,154,724 3.0% $1,837,500 $2,259,029 $889,200 $3,025,000 $4,081,800 $852,619 $207,435 20 Christopher Swift Chairman & CEO The Hartford Financial Services Group Hartford $10,022,419 $5,392,784 85.8% $1,000,000 $3,289,280 $3,200,000 $0 $2,450,000 $5,764 $77,375 21 Jeff Bornstein SVP & CFO General Electric Co. Fairfield $9,955,056 $11,364,319 -12.4% $1,600,000 $2,746,623 $1,086,800 $2,500,000 $3,351,200 $1,815,193 $161,000 22 William Stone CEO SS&C Technologies Holdings Windsor $9,377,179 $8,318,596 12.7% $875,000 NA $2,997,057 $0 $5,500,000 NA $5,122 23 W. Robert Berkley Jr. President & CEO W.R. Berkley Corp. Greenwich $8,260,165 $8,344,386 -1.0% $850,000 $3,194,346 NA $0 $3,815,350 NA $400,470 Source: Each company's proxy statement. Note: News reports indicate that ousted CEO of Stamford's Starwood Hotels & Resorts Worldwide Inc., Frits van Paasschen, earned $8.3 million in severance and consulting fees in 2015; Adam Aron, interim CEO for eleven months of the year, earned approximately $8 million. Confirmation of these figures via Starwood's proxy statement was not available as of press time. NA = Not applicable. (1) Resigned April 28, 2016. —Compiled by Stephanie R. 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