Issue link: https://nebusinessmedia.uberflip.com/i/835191
www.HartfordBusiness.com June 12, 2017 • Hartford Business Journal 11 THE LIST 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 Stephanie Meagher, research director, at (508) 755-8004, ext. 262 or smeagher@nebusinessmedia.com. Highest-paid executives in Connecticut (Ranked by total 2016 compensation) Rank Executive Total compensation 2016/ 2015 Percent change 2015-2016 2016 Salary 2016 Stock awards 2016 Option awards 2016 Bonus 2016 Non-equity incentive plan compensation 2016 Change in pension value and nonqualified deferred compensation 2016 All other compensation 1 Thomas M. Rutledge (1) Chairman & CEO Charter Communications Inc. Stamford $98,515,727 $16,361,387 502.1% $2,000,000 $10,086,658 $77,990,740 $0 $7,651,397 $503,383 $283,549 2 John Bickham (2) President & COO Charter Communications Inc. Stamford $47,441,038 $8,729,461 443.5% $1,450,962 $7,009,538 $35,349,000 $0 $3,279,151 $192,726 $159,661 3 Christopher L. Winfrey (2) CFO Charter Communications Inc. Stamford $29,208,883 $3,731,599 682.7% $772,127 $4,164,371 $23,002,337 $0 $1,250,148 $0 $19,000 4 David Ellen (3) Senior executive VP Charter Communications Inc. Stamford $22,088,623 NA NA $605,770 $2,384,516 $17,797,369 $0 $1,286,995 $0 $13,973 5 Mark T. Bertolini Chairman & CEO Aetna Inc. Hartford $18,662,306 $17,262,879 8.1% $1,141,762 $6,510,109 $8,693,798 $0 $1,656,000 $9,075 $651,562 6 Gillian Tans President & CEO, Booking.com Priceline Group Norwalk $17,103,279 (4) $6,269,758 172.8% $498,356 $12,198,482 $0 $0 $4,405,440 $0 $1,001 (5) 7 Jeffery H. Boyd (6) Interim CEO & president (7) Priceline Group Norwalk $16,499,096 NA NA $373,013 $8,092,792 $0 $0 $8,000,000 $0 $33,291 8 Gregory Hayes Chairman & CEO United Technologies Corp. Farmington $15,831,335 $10,767,828 47.0% $1,450,000 $4,960,217 $3,706,560 $3,000,000 $0 $2,392,716 $321,842 9 David M. Cordani President & CEO Cigna Corp. Bloomfield $15,279,857 $17,307,672 -11.7% $1,200,000 $6,690,115 $6,000,012 $0 $1,100,000 $62,000 $227,730 10 Jonathan Hargis Executive VP & chief marketing officer Charter Communications Inc. Stamford $15,027,148 $3,568,054 321.2% $586,270 $2,574,694 $11,137,424 $0 $728,760 $0 $0 11 Ursula M. Burns (8) Chairman & CEO Xerox Corp. Norwalk $14,068,167 $10,613,090 32.6% $1,100,000 $9,700,008 $0 $0 $2,046,000 $974,723 $247,436 12 John F. Lundgren Former chairman & CEO (9) Stanley Black & Decker Inc. New Britain $13,803,580 $18,014,264 -23.4% $1,387,500 $5,732,302 $1,645,512 $0 $3,894,075 $772,645 $371,546 13 David Hallal (10) Former CEO Alexion Pharmaceuticals Inc. Cheshire $13,136,341 $14,719,786 -10.8% $1,153,846 $5,947,361 $5,505,882 $0 $0 $0 $529,252 14 Stephen F. Angel Chairman, President & CEO Praxair Inc. Danbury $13,037,062 $15,079,525 -13.5% $1,318,750 $4,227,958 $3,709,390 $0 $2,236,600 $1,357,000 $187,364 15 James M. Loree (11) President & CEO Stanley Black & Decker Inc. New Britain $12,614,724 $6,566,324 92.1% $992,500 $3,833,202 $4,757,251 $0 $1,615,320 $1,189,211 $227,240 16 William R. Berkley Executive chairman W.R. Berkley Corp. Greenwich $12,436,950 $16,139,411 -22.9% $1,000,000 $3,575,396 $0 $0 $7,347,200 $0 $514,354 17 Thomas J. Sabatino Jr. Executive VP & general counsel Aetna Inc. Hartford $10,988,505 NA NA $502,874 $4,550,128 $3,765,090 $600,000 $822,000 $0 $748,413 18 W. Robert Berkley Jr. President & CEO W.R. Berkley Corp. Greenwich $10,363,290 $8,260,165 25.5% $993,769 $3,575,396 $0 $0 $5,312,850 $0 $481,274 19 Christopher Swift Chairman & CEO The Hartford Financial Services Group Inc. Hartford $10,079,121 $10,022,419 0.6% $1,075,000 $3,404,473 $3,575,000 $0 $1,925,000 $17,769 $81,879 20 William C. Stone CEO SS&C Technologies Holdings Windsor $9,595,643 $9,377,179 2.3% $875,000 $0 $1,935,521 $0 $6,500,000 $0 $285,122 21 Richard Adam Norwitt President & CEO Amphenol Wallingford $7,405,165 $7,278,691 1.7% $1,061,000 $0 $4,810,000 $0 $1,400,520 $7,700 $125,945 22 Karen S. Lynch President Aetna Inc. Hartford $7,327,526 $7,758,788 -5.6% $919,483 $1,530,026 $354,707 $0 $1,229,000 $0 $101,938 Source: Each company's proxy statement. Note: NA = Not applicable. (1) Due to significant acquisitions and a new five-year employment agreement, Rutledge's compensation included $88 million from stock and option awards; to collect the full amount, Charter's share price will need to rise 155% over six years. (2) Due to significant acquisitions, compensation included stock and option awards that greatly increased year-over-year total compensation. (3) Joined the company on July 5, 2016. (4) For 2016, compensation is converted into U.S. dollars using an average exchange rate of 1.10136 U.S. dollars to 1 euro. For 2015, compensation is converted into U.S. dollars using an average exchange rate of 1.1087 U.S. dollars to 1 euro. (5) Converted into U.S. dollars using the exchange rate in effect at the time the respective amounts were paid or reimbursed. (6) Glenn D. Fogel assumed the CEO position on Jan. 1, 2017. (7) Served as interim CEO & president, April 27, 2016 to Dec. 31, 2016; from Jan. 1, 2016 to April 27, 2016, Mr. Boyd served as the non-employee chairman of the board, for which he received non-employee director compensation, the amounts of which are included herein. Mr. Boyd did not receive additional compensation for his service on the board after April 27, 2016, when he became an employee. (8) Jeffrey Jacobson assumed the CEO position on Jan. 1, 2017. (9) Served as chairman and CEO until July 31, 2016, and continued in an advisory role until April 30, 2017. (10) Ludwig N. Hantson took over as CEO in March 2017. (11) Has been serving as president since Jan. 2013, and assumed the CEO role on July 31, 2016. —Compiled by Stephanie R. Meagher.