TRENTON, N.J. (AP) — There are 14 CEOs from New Jersey-based companies included in The Associated Press' annual study of CEO pay.
The study used data provided by Equilar, an executive data firm. Equilar examined the regulatory filings detailing the pay packages of 341 executives. Equilar looked at companies in the Standard & Poor's 500 index that filed proxy statements with federal regulators between Jan. 1 and April 30, 2016. To avoid the distortions caused by sign-on bonuses, the sample includes only CEOs in place for at least two years.
To calculate CEO pay, Equilar adds salary, bonus, perks, stock awards, stock option awards, deferred compensation and other pay components that include benefits and perks.
—David Cote, Honeywell International, $33.8 million (43 percent increase)
—Robert Hugin, Celgene, $22.5 million (7 percent decrease)
—Alex Gorsky, Johnson & Johnson, $21.1 million (3 percent increase)
—Kenneth Frazier, Merck & Co., $19.9 million (7 percent decrease)
—John Strangefeld, Prudential Financial, $16.7 million (3 percent decrease)
—Stephen Holmes, Wyndham Worldwide, $15 million (6 percent increase)
—Francisco D'Souza, Cognizant Technology Solutions, $12 million (5 percent increase)
—Timothy Ring, C.R. Bard, $11.2 million (11 percent increase)
—Stephen H. Rusckowski, Quest Diagnostics, $9.7 million (5 percent increase)
—Ralph Izzo, Public Service Enterprise Group, $9.2 million (7 percent increase)
—Juan Alaix, Zoetis, $8.7 million (14 percent increase)
—Robert Carrigan, Dun & Bradstreet, $6.9 million (65 percent increase)
—Scott Stephenson, Verisk Analytics, $6.6 million (5 percent increase)
—James Craigie, Church & Dwight, $6.2 million (8 percent increase)
This has been corrected to fix the increase/decrease data on entries for Cote, Hugin, Gorsky, Frazier, Carrigan and Craigie. Corrects Stephenson salary.