For the first time since WCPO started tracking executive pay, a non-CEO has emerged as the region’s highest paid boss.
Macy’s Inc. President Hal Lawton received stock awards and a $5.5 million signing bonus when was recruited by Macy’s Inc. to revamp its digital strategies. The former eBay executive is one of three Macy’s executives to rank in this year’s top 10.
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Lawton’s total compensation was $267,000 more than Procter & Gamble CEO David Taylor and 70 percent more than Macy’s CEO Jeffrey Gennette. While no individual outranked Lawton, there is one company that spent more than Macy's on a single job title. Lawton made about $1 million less than the combined pay packages of Carl and Craig Lindner, co-CEOs of American Financial Group Inc.
Here’s this year’s highest-paid bosses list:
#10 Terry Lundgren
Executive Chairman, Macy’s Inc.
Raise: -33.0%
Total shareholder return: -9.2%
#9 Scott Farmer
CEO, Cintas Corp.
Raise: 14.2%
Total shareholder return: 34.5%
#8 Greg Carmichael
CEO, Fifth Third Bancorp.
Raise: 15.0%
Total shareholder return: 15.0%
#7 S. Craig Lindner
Co-CEO, American Financial Group Inc.
Raise: 0.4%
Total shareholder return: 29.2%
#6 Carl Lindner II
Co-CEO, American Financial Group Inc.
Raise: -1.5%
Total shareholder return: 29.2%
#5 Rodney McMullen
CEO, Kroger Co.
Raise: -2.3%
Total shareholder return: -10.2%
#4 Jeffrey Gennette
CEO, Macy’s Inc.
Raise: 176.0%
Total shareholder return: -9.2%
#3 Charles Drucker
CEO, Worldpay Inc.
Raise: 15.0%
Total shareholder return: 17.6%
#2 David Taylor
CEO, Procter & Gamble Co.
Raise: 25.6%
Total shareholder return: 6.2%
#1 Harry “Hal” Lawton
President, Macy’s Inc..
Raise: N/A
Total shareholder return: -9.2%
