Boston Business Journal’s annual tally of that region’s highest-paid CEOs produced more jaw-dropping numbers, but Northeast Utilities CEO Tom May isn’t on the list.
The combined compensation packages of BBJ’s 100 top-paid CEOs in 2011 total a whopping $432,396,467 – with a median average salary, bonus and all other profit sharing packages of a little more than $4.3 million apiece, according to BBJ’s story posted at bizjournals.com.
To put that in perspective, the area’s top-paid CEOs each took home an average weekly paycheck of $82,692 in 2011. That amounts to just about a $405,000 average pay raise for each of them from the prior year.
Conspicuously absent from this year’s top-paid CEO’s list is NStar’s Thomas May, BBJ said. Last year’s list had May ranked 12th with a total compensation package of $5,806,081.
But because of NStars’s merger with NU this year and the fact that the company had terminated its securities registration by the time Kenexa, which helped compile the list, pulled the data for the BBJ, May does not appear on this year’s list.
NU now splits headquarters between Hartford and Boston.
