Issue link: https://nebusinessmedia.uberflip.com/i/994310
www.HartfordBusiness.com • June 18, 2018 • Hartford Business Journal 7 Source: Each company's proxy statement. Note: Stephen F. Angel, CEO of Danbury's Praxair Inc., received total compensation of $13,037,062 in 2016; most recent filing was not available by press time. William Bishop Jr., CEO of Wilton's Blue Buffalo, received total compensation of $966,805 in 2016; most recent filing was not available by press time. Minneapolis, Minn.-based General Mills completed its acquisition of Blue Buffalo on April 24, 2018; The companies' financial results will be reported together starting in fiscal year 2019. NA = Not applicable. (a) New disclosure requirement for CEO pay ratio, effective in 2018, is a component of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act; see company filings for details on how pay ratio and median compensation were calculated. (b) Formerly known as Northeast Utilities. (c) Dual headquarters in Boston, Mass. (d) Dr. Hantson was appointed CEO in March 2017. (e) Ms. Tans' compensation converted into U.S. Dollars using an average exchange rate of 1.13035 U.S. Dollars to 1 Euro for 2017 and 1.10136 U.S. Dollars to 1 Euro for 2016. (f) Mr. Clancy was appointed to his position in July 2017. (g) Data from the preliminary proxy statement dated April 10, 2018. —Compiled by Stephanie R. Meagher. THE LIST Highest-paid executives in Connecticut Ranked by total 2017 compensation Highest-paid executives in Connecticut (Ranked by total 2017 compensation) Rank Executive Total compensation 2017/ 2016 (a) Percent change 2016-2017 2017 Salary 2017 Stock awards 2017 Option awards 2017 Bonus 2017 Non-equity incentive plan compensation 2017 Change in pension value and nonqualified deferred compensation 2017 All other compensation 1 Glenn D. Fogel President & CEO Booking Holdings Inc. Norwalk $27,774,458 $6,322,813 Median employee $46,355 Pay ratio 448:1 339.3% $750,000 $20,999,915 $0 $0 $6,000,000 $0 $24,543 2 Mark T. Bertolini Chairman & CEO Aetna Inc. Hartford $18,750,816 $18,662,306 Median employee $79,720 Pay ratio 235:1 0.5% $1,200,000 $6,534,208 $8,399,195 $0 $2,079,600 $47,824 $489,989 3 David M. Cordani President & CEO Cigna Corp. Bloomfield $17,595,792 $15,279,857 Median employee $63,010 Pay ratio 279:1 15.2% $1,284,615 $6,513,698 $5,520,020 $0 $4,000,000 $48,222 $229,237 4 Gregory J. Hayes Chairman & CEO United Technologies Corp. Farmington $17,027,493 $15,831,335 Median employee $72,433 Pay ratio 235:1 7.6% $1,500,000 $7,877,818 $2,589,650 $3,300,000 $0 $1,277,981 $482,044 5 James M. Loree President & CEO Stanley Black & Decker Inc. New Britain $16,211,415 $12,614,724 Median employee $45,449 Pay ratio 357:1 28.5% $1,204,167 $5,687,086 $2,313,000 $0 $2,851,200 $3,826,489 $329,473 6 James J. Judge President & CEO Eversource Energy (b) Hartford (c) $15,915,461 $6,183,262 Median employee $124,959 Pay ratio 127:1 157.4% $1,230,694 $5,504,904 $0 $0 $2,285,000 $6,869,854 $25,009 7 Ludwig N. Hantson (d) CEO Alexion Pharmaceuticals Inc. New Haven $15,310,067 NA Median employee $167,282 Pay ratio 93:1 NA $900,000 $9,618,758 $2,282,881 $0 $2,275,000 $0 $233,428 8 Gillian Tans President & CEO, Booking.com Booking Holdings Inc. Norwalk $13,653,387 (e) $17,103,279 -20.2% $621,695 $8,000,546 $0 $0 $5,030,076 $0 $1,070 9 Margaret Keane President & CEO Synchrony Financial Stamford $13,525,503 $10,260,358 Median employee $45,369 Pay ratio 298:1 31.8% $1,168,654 $7,800,060 $1,199,408 $0 $2,655,500 $0 $701,881 10 Christopher J. Swift Chairman & CEO The Hartford Financial Services Group Inc. Hartford $13,115,285 $10,079,121 Median employee $91,865 Pay ratio 143:1 30.1% $1,100,000 $3,472,500 $3,750,000 $0 $4,675,000 $34,380 $83,405 11 Michael Kneeland President & CEO United Rentals Stamford $12,828,962 $11,638,627 Median employee $77,127 Pay ratio 166:1 10.2% $950,000 $9,015,557 $0 $0 $2,850,000 $0 $13,405 12 William R. Berkley Sr. Executive chairman W.R. Berkley Corp. Greenwich $12,214,097 $12,436,950 -1.8% $1,000,000 $3,575,015 $0 $0 $7,071,000 $0 $568,082 13 Eugene A. Hall CEO Gartner Inc. Stamford $11,874,230 $10,242,870 Median employee $126,646 Pay ratio 94:1 15.9% $908,197 $6,889,130 $2,523,939 $0 $1,432,317 $0 $120,647 14 Paul Clancy (f) EVP & CFO Alexion Pharmaceuticals Inc. New Haven $11,411,303 NA NA $415,385 $8,799,954 $1,220,082 $500,000 $473,620 $0 $2,262 15 John L. Garrison Jr. President & CEO Terex Corp. Westport $11,206,482 $9,970,048 Median employee $52,512 Pay ratio 213:1 12.4% $900,000 $7,334,348 $0 $900,000 $1,777,680 $107 $294,347 16 William R. Berkley Jr. President & CEO W.R. Berkley Corp. Greenwich $10,279,539 $10,363,290 Median employee $86,174 Pay ratio 119:1 -0.8% $1,000,000 $3,575,015 $0 $0 $5,253,700 $0 $450,824 17 David L. Gitlin President, UTC Aerospace Systems United Technologies Corp. Farmington $10,278,768 NA NA $812,500 $6,855,052 $943,250 $1,100,000 $0 $385,996 $181,970 18 Gary W. Loveman EVP, Consumer Health and Services Aetna Inc. Hartford $9,915,288 $6,404,401 54.8% $814,615 $4,424,527 $3,110,813 $0 $1,455,149 $0 $110,184 19 Anthony J. Guzzi President & CEO EMCOR Group Inc. Norwalk $9,727,139 $8,574,515 Median employee $55,900 Pay ratio 174:1 13.4% $1,100,000 $2,115,212 $0 $0 $6,386,000 $0 $125,927 20 Jeffrey Jacobson CEO Xerox Corp. (g) Norwalk $9,513,185 $5,346,599 Median employee $85,276 Pay ratio 111:1 77.9% $1,000,000 $6,500,047 $0 $0 $1,935,000 $0 $78,138 Source: Each company's proxy statement. Note: Stephen F. Angel, CEO of Danbury's Praxair Inc., received total compensation of $13,037,062 in 2016; most recent filing was not available by press time. William Bishop Jr., CEO of Wilton's Blue Buffalo, received total compensation of $966,805 in 2016; most recent filing was not available by press time. Minneapolis, Minn.-based General Mills completed its acquisition of Blue Buffalo on April 24, 2018; The companies' financial results will be reported together starting in fiscal year 2019. NA = Not applicable. (a) New disclosure requirement for CEO pay ratio, effective in 2018, is a component of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act; see company filings for details on how pay ratio and median compensation were calculated. (b) Formerly known as Northeast Utilities. (c) Dual headquarters in Boston, Mass. (d) Dr. Hantson was appointed CEO in March 2017. (e) Ms. Tans' compensation converted into U.S. Dollars using an average exchange rate of 1.13035 U.S. Dollars to 1 Euro for 2017 and 1.10136 U.S. Dollars to 1 Euro for 2016. (f) Mr. Clancy was appointed to his position in July 2017. (g) Data from the preliminary proxy statement dated April 10, 2018. —Compiled by Stephanie R. Meagher.