Flanagan’s pay was in the middle of the pack compared to top-paid CEOs in other states.
Dara Khosrowshahi, the chief executive at online travel site Expedia in Washington, last year was paid a whopping $94.6 million in total compensation, which usually includes a mix of cash salaries and bonuses, but also non-cash pay such as stock awards, pensions and other perks.
Timothy McGrath, at New Hampshire’s PC Connection, was at the bottom of AP’s list, with $1.9 million in compensation.
Flanagan usually hasn’t headed the list of Georgia’s highest-paid CEOs in previous years.
But top brass at some of the state’s biggest companies saw pay cuts in the last year or two due to flattening profits or slowdowns in the growth of pension plans or other perks.
Coca-Cola CEO Muhtar Kent took a 42 percent pay cut last year, to $14.6 million from $25.2 million the previous year, as he struggled to prop up the beverage company's falling revenue.