Pay Info for Obama’s Jobs Council
Post Views 1The Council on Jobs and Competitiveness met in Pittsburgh, Pennsylvania for the third time today since the council’s inception in February, and discussed the stalemate in the job market of the country. When the council last met, in the middle of June, it presented President Barack Obama with 11 ideas that could help the struggling economy of the country.
Those ideas included graduating 10,000 more engineers in the United States, building workforce skills in advanced manufacturing, and promoting small business exports. The council has 27 members, which includes academic leaders and current and former CEOs. Two of the members are AFL-CIO President Richard Trumka and United Food and Commercial Workers Union President Joseph Hansen.
The purpose of the council as created by President Obama is to “provide non-partisan advice to the president on continuing to strengthen the nation’s economy and ensure the competitiveness of the United States and on ways to create jobs, opportunity, and prosperity for the American people.”
According to Equilar, an executive compensation data firm, provided the public with the pay information for 12 of the 27 executives on the council created by President Obama since the information was posted in the most recent proxy statements. The 12 members and their payment information; including perks, cash bonuses, and stock awards, are listed below.
1. Brian L. Roberts, CEO: $28.2 million Comcast (CMCSA), internet provider and cable operator
Base salary: $2,800,761 Cash bonus: $10,922,968 Perks/other: $3,205,767 Stock awards: $5,308,989 Option awards: $5,917,380
The company has over 4,800 job openings.
2. Kenneth I. Chenault, CEO: $16.3 million American Express (AXP), financial services company
Base salary: $1,942,308 Cash bonus: $2,000,000 Perks/other: $1,095,647 Stock awards: $2,049,971 Option awards: $9,164,925
3. Paul S. Otellini, CEO: $15.5 million Intel (INTC), technology chip maker
Base salary: $1,000,000 Cash bonus: $6,820,400 Perks/other: $382,100 Stock awards: $6,236,800 Option awards: $1,082,200
4. Jeffrey R. Immelt, CEO: $15.1 million General Electric (GE), energy, technology, consumer products and financial services company
Base salary: $3,300,000 Cash bonus: $4,000,000 Perks/other: $389,809 Stock awards: — Option awards: $7,400,000
5. W. James McNerney Jr., CEO: $13.8 million Boeing (BA), defense and aerospace contractor
Base salary: $1,930,000 Cash bonus: $4,439,000 Perks/other: $798,392 Stock awards: $3,300,330 Option awards: $3,300,297
6. Lewis Hay, III, CEO: $11.5 million NextEra Energy (NEE), clean energy company
Base salary: $1,293,500 Cash bonus: $2,328,300 Perks/other: $317,350 Stock awards: $6,666,532 Option awards: $892,894
7. Ellen J. Kullman, CEO: $11.3 million DuPont (DD), chemical company
Base salary: $1,300,000 Cash bonus: $2,846,000 Perks/other: $307,514 Stock awards: $4,701,135 Option awards: $2,166,667
8. Ursula M. Burns, CEO: $10.6 million Xerox (XRX), technology and document management company
Base salary: $1,050,000 Cash bonus: $1,693,125 Perks/other: $391,716 Stock awards: $7,500,009
9. Roger Ferguson, Jr., CEO: $8.6 million TIAA-CREF, financial service non-profit
Base salary: $1,000,000 Cash bonus: $7,439,916 Perks/other: $156,271
10. Antonio Perez, CEO: $3.5 million Eastman Kodak (EK), photography and imaging equipment company
Base salary: $1,096,168 Cash bonus: $341,000 Perks/other: $320,194 Stock awards: $1,701,290
11. Gary C. Kelly, CEO: $3.3 million Southwest Airlines (LUV), airline
Base salary: $465,000 Cash bonus: $930,000 Perks/other: $112,668 Stock awards: $1,842,000
12. Richard D. Parsons, board chairman and former CEO: $232,500 Citigroup (C), financial services
Base salary: — Cash bonus: — Perks/other: — Stock awards: $232,500
The remaining members of the council did not have their payment information available through Equilar, but some of their payment information can be found through the Labor Department.
Pay Info for Obama's Jobs Council by Harrison Barnes