Eighteen of the 35 companies on this list operate in the energy sector, at least in part as regulated utilities. Although their executives can normally only make decisions that are endorsed or guided by government regulators, they are among the highest paid executives in the world.
bizjournals.com
Lynn J. Good, CEO of Duke Energy, received $21,008,835
in total compensation in 2023. On the basis of the 2000 hours of an annual 40 hour work week, CEO Good would be earning a little over $10,500 per hour.
Ben G. S. Fowke III, retired CEO of Xcel Energy, is now the interim CEO of American Electrical Power, probably making more than he did before.
beaconjournal.com
Brian Tierney is the CEO of First Energy, an Akron, Ohio fully regulated utility. His compensation package is described by the Akron Beacon-Journal :
"According to the company's latest 8-K filed Monday, Tierney's compensation package, approved by the board on March 22, includes an annual base salary of $1.5 million, which will be reviewed annually, and a hiring bonus equal to $1.5 million.
He's also expected to be eligible to participate in the company’s executive relocation program, executive deferred compensation plan, 401(k) plan, vacation and paid time off program, and standard health and welfare benefits.
In addition, his compensation package includes the potential for millions of dollars in cash and stock incentive awards based on the company's performance under his leadership."
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