Executive Pay 2013 Top 10 List: Highest paid executives

Former CEOs hold three of the top spots

The following executives ranked highest in total compensation out of 166 bosses whose pay was disclosed in regulatory filings by 33 Cincinnati-based public companies.

This list is part of WCPO's annual analysis of executive pay that totaled $320 million in cash and stock awards in 2013 to 166 executives of 33 Tri-State public companies. You view findings and search an interactive database below that breaks all the pay down. 

RELATED: Cincinnati bosses enjoyed healthy raises in 2013, reflecting national trends


#10 John Workman

CEO, Omnicare Inc.

Total 2013 Compensation:
$7,390,291


Raise:
43.9%


Average worker pay:
$45,430


CEO pay/average worker:
163


Total Shareholder Return:
69.3%


#9 Kevin Kabat

CEO, Fifth Third Bancorp

Total 2013 Compensation:
$8,164,869


Raise:
8.3%


Average worker pay:
$50,960


CEO pay/average worker:
160


Total Shareholder Return:
42%


#8 Joseph (Jeff) Consolino

CFO, American Financial Group

Total 2013 Compensation:
$8,636,245


Raise:
N/A


Average worker pay:
$59,970


CEO pay/average worker:
144


Total Shareholder Return:
51%


#7 Rodney McMullen

CEO, The Kroger Co.

Total 2013 Compensation:
$8,821,442


Raise:
140.5%


Average worker pay:
$26,340


CEO pay/average worker:
335


Total Shareholder Return:
32.6%


#6 Carl Lindner III

Co-CEO, American Financial Group

Total 2013 Compensation:
$9,656,841


Raise:
15.0%


Average worker pay:
$59,970


CEO pay/average worker:
161


Total Shareholder Return:
51%


#5 Craig Lindner

Co-CEO, American Financial Group

Total 2013 Compensation:
$9,674,743


Raise:
15.1%


Average worker pay:
$59,970


CEO pay/average worker:
161


Total Shareholder Return:
51%


#4 Jack Cassidy

Former CEO, Cincinnati Bell Inc.

Total 2013 Compensation:
$9,876,217


Raise:
75.6%


Average worker pay:
$64,440


CEO pay/average worker:
153


Total Shareholder Return:
-35%


#3 Terry Lundgren

CEO, Macy's Inc.

Total 2013 Compensation:
$11,410,721


Raise:
0.9%


Average worker pay:
$25,180


CEO pay/average worker:


Total Shareholder Return:
37.4%


#2 David Dillon

Former CEO, The Kroger Co.

Total 2013 Compensation:
$12,862,319


Raise:
62.7%


Average worker pay:
$26,340


CEO pay/average worker:
488


Total Shareholder Return:
32.6%


#1 Bob McDonald

Former CEO, The Procter and Gamble Company

Total 2013 Compensation:
$15,928,015


Raise:
4.8%


Average worker pay:
$48,550


CEO pay/average worker:
328


Total Shareholder Return:
29.8%


METHODOLOGY:

WCPO analyzed compensation numbers from the annual proxy statements to shareholders of 33 Cincinnati-based public companies. S&PCapital IQ supplied numbers for all companies that filed fiscal year 2013 proxies before April 21. It also supplied figures on shareholder return andmarket capitalization, or the total value of all shares at the end of each company’s 2013 fiscal year. WCPO compiled all remaining numbers, including compensation figures for company directors.

WCPO uses the same methodology as Associated Press/Equilar in measuring total compensation, excluding changes in pension plan values. Figures on average worker salaries come from the report: May 2013 National Industry-Specific Occupational Employment and Wage Estimates.

From that report, WCPO pulled average worker salaries from the North American Industry Classification System (NAICS) codes that most closely match each company. NAICS is the standard used by federal agencies to classify businesses in order to collect, analyze and publish statistics tied to the U.S. economy.

WCPO Digital Multimedia Producer Brian Niesz compiled and created the interactive graphic and photo gallery lists.
WCPO Editorial Assistant Jane Andreasik provided research.
WCPO Digital Managing Editor Chris Graves edited this report.


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