It’s tough to be a CEO in Charlotte these days
Tis the season of executive pay news, when we typically learn how obscenely CEOs get compensated.
This year, it’s still obscene – but tempered a tad.
Brian Moynihan, CEO and Chairman of Bank of America
– Total compensation: $13 million
– The Up: Moynihan’s “other compensation” was $532,459 (mostly tied to use of corporate aircraft), up from $497,751.
– The Down: The bank’s Chief Operating Officer Tom Montag made $1 million more than his CEO.
BofA’s No. 2 executive paid more than CEO Brian Moynihan in 2014: Brian Moynihan almost made as much money as… http://t.co/LsvxcRZDH6 #BAC
— Charlotte BizJournal (@CBJnewsroom) March 26, 2015
Lynn Good, Duke Energy CEO
– Total compensation: $8.3 million.
– The Up: Compensation up from $6.4 million the year before – but Good wasn’t CEO that entire year.
– The Downs: Good earned only $1.1 million in short-term incentives – $600K less than what she could have earned. Blame the coal ash fiasco in the Dan River.
– In fact, all five of the top officers saw a reduction in short-term incentives.
John Ferriola, CEO of steel-maker Nucor
– Total compensation: $8.9 million
– The Up: That’s a raise of about 10%.
– The Down: Total shareholder return, which includes dividends, was down 5.4 percent.
[Charlotte BizJrnl] Nucor CEO receives record compensation for 2014 http://t.co/lU7MAgpZZY
— Samantha Rutledge (@NCSmallBiz) March 26, 2015
Photos: Chris Ratcliffe/Bloomberg; Chris Seward/The News & Observer
This story was originally published March 26, 2015 at 3:37 PM with the headline "It’s tough to be a CEO in Charlotte these days."