Hunter Harrison among 10 highest paid CEOs in 2017.

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Bob

Forum Host
Staff member
#1
The late Hunter Harrison was one of the highest paid CEOs in 2017. Not just railroad CEOs, but in the top 10 paid of CEOs of all publicly traded companies that have reported CEO earnings.

Quoting News4JAX:

CSX Corp. disclosed that the compensation package for Harrison, who died in December, was $151 million -- but explained that about $116 million of that was wrapped up in stock options that disappeared upon his death.

According to the WSJ, the remaining $35 million payout would still have kept Harrison in the top 10 for the more than 340 S&P 500 companies that had reported CEO pay through Friday.

In its annual proxy statement filed with the Securities and Exchange Commission, CSX justified the compensation package by noting that its stock price rose 35 percent in the time leading to Harrison's appointment.

Harrison, 73, died days after the company announced he was taking an unplanned medical leave of absence.

Full story here: https://www.news4jax.com/news/wsj-ceo-of-csx-was-among-highest-paid-execs-in-2017
 
#2
Wow! Too bad he couldn't take it with him :rolleyes:. No way he was worth what they paid him, no matter how much the stock price increased.
 


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