Money isn’t everything, but earning plenty of it landed CEOs of Stanley Black & Decker, United Technologies, and Travelers, firms with headquarters or operations in Connecticut, on The Associated Press’ list of the 50 highest-paid CEOs for 2010.
New Britain-based Stanley’s John Lundgren (No. 6), New York-based Travelers’ Jay S. Fishman (No. 28), and Hartford-based UTC’s Louis Chenevert (No. 30) were ranked based on their eight-figure compensation packages.
Conversely, no Connecticut corporate chiefs made it onto AP’s list of the 10 lowest-paid CEOs for 2010.
The analysis of Standard & Poor’s 500 companies includes companies that had the same CEO for all of 2009 and 2010 and that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 30.
They are based on the AP’s compensation formula, which adds up salary, perks, bonuses, preferential interest rates on pay set aside for later, and company estimates for the value of stock options and stock awards on the day they were granted last year.
The list of the top paid CEOs and their 2010 pay vs. 2009:
Philippe Dauman, Viacom, $84.5 million, up 149 percent
Ray Irani, Occidental Petroleum, $76.1 million, up 142 percent
Leslie Moonves, CBS, $56.9 million, up 32 percent
David Zaslav, Discovery Communications, $42.6 million, up 265 percent
Richard Adkerson, Freeport McMoran Copper & Gold, $35.3 million, up 76 percent
John Lundgren, Stanley Black & Decker, $32.6 million, up 253 percent
Brian Roberts, Comcast, $31 million, up 14 percent
Robert Iger, Walt Disney, $28 million, up 30 percent
Alan Mulally, Ford Motor, $26.5 million, up 48 percent
Jeff Bewkes, Time Warner, $26.1 million, up 35 percent
Sam Palmisano, IBM, $25.2 million, up 19 percent
David Simon, Simon Property Group, $24.6 million, up 430 percent
Gregg Steinhafel, Target Corp. $23.9 million, 83 percent
Blackrock, Laurence Fink, $23.8 million, up 50 percent
William Weldon, Johnson & Johnson, $23.2 million, down 9 percent
Brian Goldner, Hasbro, $23 million, up 196 percent
Howard Schultz, Starbucks, $21.7 million, up 45 percent
Rex Tillerson, Exxon Mobil, $21.5 million, down 1 percent
Kevin Sharer, Amgen, $21.1 million, up 38 percent
Aubrey McClendon, Chesapeake Energy, $21 million, up 13 percent
Gregory Case, Aon, $20.8 million, up 100 percent
Jamie Dimon, JPMorgan Chase, $20.8 million, up 1,541 percent
Michael Szymanczyk, Altria, $20.8 million, up 131 percent
Louis Camilleri, Philip Morris International, $20.6 million, down 16 percent
Leslie Wexner, Limited Brands, $20.5 million, up 90 percent
Randall Stephenson, AT&T, $20.2 million, no change
Miles White, Abbott Laboratories, $20 million, down 9 percent
Jay Fishman, Travelers, $19.8 million, down 2 percent
George Buckley, 3M, $19.7 million, up 41 percent
Louis Chenevert, United Technologies, $19.5 million, up 9 percent
Robert Kelly, Bank of New York Mellon, $19.4 million, up 73 percent
G. Steven Farris, Apache, $19.3 million, up 151 percent
Carol Meyrowitz, TJX Companies, $19.3 million, up 30 percent
Ahmet Kent, Coca-Cola, $19.2 million, up 30 percent
Robert Stevens, Lockheed Martin, $19.1 million, down 7 percent
John Brock, Coca-Cola Enterprises, $19.1 million, up 34 percent
James Hackett, Anadarko Petroleum, $18.8 million, down 20 percent
Michael Duke, Wal-Mart, $18.7 million, down 3 percent
Ivan Seidenberg, Verizon Communications, $18.1 million, up 4 percent
James Mulva, ConocoPhillips, $17.9 million, up 25 percent
Andrew Liveris, Dow Chemical, $17.7 million, up 13 percent
Paul Jacobs, Qualcomm, $17.6 million, up 1 percent
John Stumpf, Wells Fargo, $17.6 million, down 6 percent
Glenn Britt, Time Warner Cable, $17.3 million, up 10 percent
H. Lawrence Culp, Danahar, $17 million, up 54 percent
Susan Ivey, Reynolds American, $16.8 million, up 4 percent
James Cracchiolo, $16.8 million, down 8 percent
J. Brett Harvey, Consol Energy, $16.6 million, up 56 percent
David Snow, Medco Health Solutions, $16.4 million, up 23 percent
Kenneth Chenault, American Express, $16.3 million, down 3 percent
Source: Equilar
The 10 lowest-paid CEOs for 2010:
Steve Jobs, Apple Inc., $1
Vikram Pandit, Citigroup Inc., $1
John Mackey, Whole Foods Market Inc., $45,969
Eric Schmidt, Google Inc., $313,219
Donald Graham, The Washington Post Co., $412,740
Warren Buffett, Berkshire Hathaway Inc., $524,946
Kenneth Stecher, Cincinnati Financial Corp., $1.27 million
Ian Cumming, Leucadia National Corp., $1.6 million
Jeff Bezos, Amazon.com Inc., $1.68 million
Harris Simmons, Zions Bancorporation, $1.75 million
Source: Equilar
