State Street CEO Gets Highest Pay in 2017, 26% Rise Y/Y
Zacks Equity Research, 20 March 2018
Joseph L. Hooley, chairman and CEO of State Street Corporation STT, received $16 million as total compensation for 2017, according to a proxy filing. While the amount marks a 26% rise from his pay in 2016, it is also the highest that Hooley has ever earned since becoming CEO in 2010. Per the securities filing, the $16 million includes his salary, stock awards and other incentives. However, it does not include a change in the value of his pension and certain other deferred compensation earnings.
Of the total amount that Hooley received, $4.8 million was in the form of non-equity incentive, up from $2.6 million received in 2016. Also, $10.5 million was earned through the exercise and vesting of previously-issued stock options and awards. Some of the other perks that Hooley received as CEO were $37,993 for a car and driver, and $10,000 for home security, per the filing.
