The highest-paid CEOs by state
Here are the top-paid CEOs by state for 2020, as calculated by The Associated Press and Equilar, an executive data firm
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Here are the top-paid CEOs by state for 2020, as calculated by The Associated Press and Equilar, an executive data firm.
The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between Jan. 1 and April 30. Not every state has such a company headquartered there. The survey includes only CEOs who have been in place for at least two years, but it does not limit the survey to companies in the S&P 500, as the AP’s general compensation study does.
To calculate CEO pay, Equilar adds salary, bonus, stock awards, stock option awards, deferred compensation and other components that include benefits and perks. For some companies, big raises can occur when CEOs get a stock grant in one year as part of a multi-year grant.
Median pay for S&P 500 CEOs was $12.7 million last year. Median means half made more, and half made less.
___
Alabama: Edward K. Aldag, Jr., Medical Properties Trust, $16.9 million
Arizona: Joseph M. Hogan, Align Technology, $15.5 million
Arkansas: C. Douglas McMillon, Walmart, $22.6 million
California: Tony Xu, DoorDash, $413.7 million
Colorado: Alexander Karp, Palantir Technologies, $1.1 billion
Connecticut: Thomas M. Rutledge, Charter Communications, $38.7 million
Delaware: Hervé Hoppenot, Incyte, $16.4 million
Washington, D.C.: Andrew C. Florance, CoStar Group, $21.3 million
Florida: Frank J. Del Rio, Norwegian Cruise Line, $31.9 million
Georgia: Michael Hayford, NCR, $28.3 million.
Hawaii: Matthew J. Cox, Matson, $5.1 million
Illinois: Gregory Q. Brown , Motorola Solutions, $23 million
Indiana: David Ricks, Eli Lilly, $17.8 million
Iowa: Daniel Houston, Principal Financial Group, $11.6 million
Kansas: Adam M. Aron, AMC Entertainment, $16.9 million
Kentucky: Bruce D. Broussard, Humana, $16.5 million
Louisiana: Jeffrey K. Storey, Lumen Technologies, $17 million
Maine: Melissa Smith, WEX, $16.3 million
Maryland: David Zaslav, Discovery, $37.7 million
Massachusetts: Larry Culp, General Electric, $72.7 million
Michigan: Jay Farner, Rocket Companies Inc., $51.7 million
Minnesota: Brian C. Cornell, Target, $19.8 million
Mississippi: Joe Sanderson, Jr., Sanderson Farms, $4.5 million
Missouri: Michael Neidorff, Centene, $25 million
Nebraska: Lance Fritz, Union Pacific, $13.4 million
Nevada: Matt Maddox, Wynn Resorts, $18.2 million
New Hampshire: G. Manning Rountree, White Mountains Insurance, $7.2 million
New Jersey: Alex Gorsky, Johnson & Johnson, $23.1 million
New Mexico: Patricia K. Collawn, PNM Resources, $9 million
New York: Joseph Levin, IAC/InterActiveCorp, $189.5 million
North Carolina: Brian T. Moynihan, Bank of America, $25.4 million
North Dakota: David L. Goodin, MDU Resources Group, $6 million
Ohio: Kevin Stein, TransDigm Group, $22.1 million
Oklahoma: Chad Richison, Paycom Software, $211.1 million
Oregon: Bryan DeBoer, Lithia Motors, $8.3 million
Pennsylvania: Brian L. Roberts, Comcast, $32.7 million
Rhode Island: Brian Goldner, Hasbro, $16.4 million
South Carolina: John D. Williams, Domtar, $6.7 million
South Dakota: Linden R. Evans, Black Hills, $4.1 million.
Tennessee: Samuel N. Hazen, HCA Healthcare, $18.1 million
Texas: Perry A. Sook, Nexstar Media , $23.6 million
Utah: Todd R. Pedersen, Vivint Smart Home, $30.1 million
Virginia: Richard D. Fairbank, Capital One Financial, $20.1 million
Washington: Clay B. Siegall, Seagen, $16.5 million
Wisconsin: Kevin Conroy, Exact Sciences, $20.1 million