Executive Pay 2018 Top 10 List: Who got the biggest raise?
Four bosses tripled their pay in 2017
Dan Monk , Brian Niesz
9:07 AM, May 21, 2018
12:04 PM, May 21, 2018
Seven of the 10 public-company executives who landed the biggest raises in 2017 worked for Cincinnati companies that delivered negative returns for shareholders.
Four of the 10 delivered negative returns over a three-year period.
Total shareholder return tracks a company’s stock price plus dividends over a certain time period. Data provided by S&P Global Market Intelligence represents total returns for the 12 and 36 months ending with the last day of each company’s fiscal year.
Four executives more than tripled their total pay in 2017. Two of them work for Milacron, an Oakley-based manufacturer of machines used in the plastics industry.
Milacron went public in 2015. Two of its top bosses received no stock awards the following year. But that was remedied last year, when CEO Thomas Goeke got options and restricted stock grants worth $2.6 million. CFO Bruce Chalmers received $1.6 million in stock awards plus a 25 percent raise in his base salary for “taking on critical roles and increased duties” when Milacron President Ron Krisanda left the company last June.
Here are the public company executives who scored the biggest raises in 2017:
#10 Karen Hoguet
CFO, Macy’s Inc.
#9 Leigh Fox
CEO, Cincinnati Bell Inc.
#8 Doug Lefferson
Former Chief Credit Officer, First Financial Bancorp.