Invesco’s chief executive is the highest paid CEO of a Georgia-based public company, but he’s nowhere near the top of the charts nationally, according to study released today.
Equilar released a list this morning of the highest-paid CEO in each state for any company with at least $1 billion revenue.
Martin L. Flanagan, president and CEO of the Atlanta-based investment company, received $15.9 million in compensation last year, according to Equilar, a California-based source of executive data.
Flanagan's compensation was the 26th highest among the top CEOs in each state.
Highest paid among the highest paid was Expedia's chief executive, Dara Khosrowshahi, whose compensation last year was $94.6 million, according to Equilar. Expedia is based in the state of Washington.
New York’s top-paid CEO, Leslie Moonves of CBS, was second-highest paid, with $56.4 million.
Rounding out the top five were the co-execs at California-based Oracle, Mark Hurd and Safra Catz, both paid a smidge over $53.2 million, and Sandeep Mathrani of Illinois-based General Growth Properties, whose compensation last year was $39.2 million.
To reach the compensation figure, Equilar uses information disclosed in company proxy statements for fiscal year 2015, “including salary, bonus, stock and options valued at grant date, any deferred compensation, and other compensation.”
That includes “benefits and perks,” said Equilar.
There was no data available for Alaska, Montana and West Virginia, although Equilar did include the top-paid exec in Washington, D.C. (Thomas P. Joyce, Jr. of Danaher, $10.6 million).
Of the states that were part of the calculation, the state with the most modestly paid CEO was New Hampshire. Timothy McGrath of PC Connection had compensation of $1.9 million, said Equilar.
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