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wbjournal.com | Novermber 13, 2017 | Worcester Business Journal 17 Highest-paid executives Ranked by total compensation in fiscal year 2016 for public companies headquarters in Central Mass. Highest-paid executives Ranked by total compensation in fiscal year 2016 for public companies headquartered in Central Mass. Name Total compensation Salary Bonus Non-equity incentive plan compensation Option awards Stock awards Other annual compensation 1 Ernie Herrman 1 , CEO The TJX Cos. Inc., Framingham $20,180,755 2 $1,382,309 N/A $3,614,627 $527,072 $14,106,551 $160,103 3 2 Carol M. Meyrowitz 4 , CEO & executive chairman The TJX Cos. Inc., Framingham $19,559,697 5 $1,575,002 N/A $5,706,608 $631,618 $10,000,030 $1,597,465 3 3 Michael F. Mahoney, chairman, president & CEO Boston Scientific Corp., Marlborough $12,026,183 $1,042,191 $0 $2,354,625 $1,998,819 $6,246,767 $281,730 3 4 Ronald L. Sargent 6 , former chairman & CEO Staples Inc., Framingham $10,664,052 $1,249,208 N/A $880,692 N/A $8,225,018 N/A 5 Christopher J. O'Connell, president & CEO Waters Corp., Milford $7,631,015 $849,750 $0 $1,299,954 $3,500,018 $1,840,312 $0 6 Joseph M. Zubretsky 7 , former president & CEO The Hanover Insurance Group Inc., Worcester $7,598,515 $538,462 N/A $1,400,000 $3,000,232 $2,611,422 N/A 7 Arthur G. Caputo, former EVP & president Waters Corp., Milford $7,471,094 $326,914 N/A $0 $5,758,838 $1,297,775 $62,841 3 8 Michael MacMillan, SEVP & group president The TJX Cos. Inc., Framingham $7,073,105 8 $1,003,847 N/A $1,613,318 $285,546 $2,802,000 $185,561 3 9 Richard Sherr, SEVP & group president The TJX Cos. Inc., Framingham $6,356,694 $855,540 N/A $1,313,292 $329,420 $3,511,600 $90,222 3 10 Scott Goldenberg, SEVP & CFO The TJX Cos. Inc., Framingham $4,635,207 $738,463 N/A $1,151,396 $285,546 $2,101,500 $131,427 3 11 Krishan Canekeratne, chairman & CEO Virtusa Corp. 9 , Westborough $4,417,200 10 $462,500 N/A $237,500 N/A $3,717,200 N/A 12 Frederick H. Eppinger 11 , former president & CEO The Hanover Insurance Group Inc., Worcester $4,335,571 $461,511 $357,000 N/A N/A N/A $1,386 3 13 Shira Goodman 12 , CEO Staples Inc., Framingham $3,773,894 $942,028 N/A $584,817 N/A $2,169,111 N/A 14 John Wilson, president, International Operations Staples Inc., Framingham $3,384,228 $529,904 N/A $86,359 N/A $2,169,111 N/A 15 Daniel J. Brennan, EVP & CFO Boston Scientific Corp., Marlborough $3,315,000 $544,421 $0 $500,500 $499,705 $1,561,665 $191,075 3 16 Joseph G. Doody, vice chairman Staples Inc., Framingham $3,287,380 $698,394 N/A $279,008 N/A $2,169,111 N/A 17 Christine T. Komola, EVP & CFO Staples Inc., Framingham $3,264,460 $730,769 N/A $291,942 N/A $2,169,111 N/A 18 Timothy A. Pratt, EVP, chief administrative officer, general counsel & secretary Boston Scientific Corp., Marlborough $2,700,309 $640,017 $0 $665,600 $299,822 $937,010 $133,337 3 19 Michael C. Harrington, SVP, Global Markets Waters Corp., Milford $2,599,421 $395,723 N/A $367,154 $1,339,955 $441,593 $13,603 3 20 Kevin J. Ballinger, EVP & president, Interventional Cardiology Boston Scientific Corp., Marlborough $2,536,446 $476,647 $0 $483,000 $324,808 $1,015,071 $198,808 3 Source: The U.S. Securities and Exchange Commission proxy statements. Notes: N/A = not applicable. Joseph M. Tucci served as chairman & CEO of Hopkinton's EMC Corp. until Sept. 2016, when the company was acquired by privately-owned, Texas-based Dell Inc. Robert H. Eder served as chairman & CEO of Providence and Worcester Railroad Co., until Nov. 1, 2016, when it was acquired by Darien, Conn.-based Genesee & Wyoming Inc. Matthew Boyle, CEO of Sevcon Inc., was not included because the company is headquartered in the U.K., and does not manufacture in Southborough; U.S. operations number 15 employees. 1 Served as president through FY 2016, which ended on Jan. 30, 2016; has been serving as CEO since Jan. 31, 2016, which is FY 2017 for The TJX Cos. Inc. 2 FY 2016 ended Jan. 30, 2016; FY 2017 total compensation was $18,536,866. 3 Change in pension value and non-qualified deferred compensation earnings 4 Served as CEO until Jan. 30, 2016, which is FY 2016 for The TJX Cos., Inc; has been serving as executive chairman through FY 2017, which ran Jan. 31, 2016 - Jan. 28, 2017. 5 FY 2016 ended Jan. 30, 2016; FY 2017 total compensation was $14,502,969. 6 Resignation effective June 14, 2016 7 Resignation effective Nov. 3; John Roche is his successor. 8 Amounts received that were paid in U.K. pounds sterling were converted to U.S. dollars at the average annual exchange rate of $1.5225 per pound for FY 2016. 9 Announced on Oct. 26 intention to delist Indian subsidiary, Polaris Consulting & Services LTD, from all stock exchanges on which Polaris' ordinary shares are listed. 10 FY 2016 ended March 31, 2016. 11 Retired on June 19, 2016 12 Assumed the CEO position in Sept. 2016 - Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com BRINGING HEALTHCARE TO LIFE www.reliantmedicalgroup.org 16-122 WBJ Book of Lists banner ad.indd 1 5/25/2016 4:31:40 PM I N N O V A T I V E W O R K P L A C E S F O C U S