31 Highest Paid CEOs in Financial Services
Which CEOs are making the most in financial services?
King of the Comp was Frank J. Bisignano, the CEO of First Data, who pulled in nearly $52 million of total compensation last year, a whopping 454% year-over-year increase, according to new data from Equilar provided to The New York Times*.
In 2015, 15.5% of the 200 highest paid CEOs came from the financial services sector, according to the data. On average, compensation among the Top 31 financial services CEOs increased 23% last year, while the median value was 3%.
The top fintech CEO in comp was Brad D. Smith, who runs Intuit. Smith received about $16 million of comp last year, a decline of 3% compared to 2014. The only other fintech CEO on the Top 31 was Daniel H. Schulman, CEO of PayPal Holdings. Schulman’s compensation exceeded $14.4 million.
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TOP 31 FINANCIAL SERVICES CEO IN TOTAL COMPENSATION
| RANK | RANK OVERALL | COMPANY (TICKER) | CHIEF EXECUTIVE | TOTAL COMP. | COMP. CHANGE | REVENUE CHANGE | TOTAL SHAREHOLDER RETURN |
| 1 | 6 | First Data (FDC) | Frank J. Bisignano | $51,560,726 | 454% | 3% | n/a |
| 2 | 17 | Aon (AON) | Gregory C. Case | $29,735,220 | 113% | -3% | -2% |
| 3 | 25 | BlackRock (BLK) | Laurence D. Fink | $25,792,630 | 8% | 3% | -2% |
| 4 | 35 | Goldman Sachs Group (GS) | Lloyd C. Blankfein | $22,586,152 | 2% | -2% | -6% |
| 5 | 41 | Morgan Stanley (MS) | James P. Gorman | $21,966,480 | -5% | 0% | -17% |
| 6 | 42 | American Express (AXP) | Kenneth I. Chenault | $21,687,566 | -3% | -4% | -24% |
| 7 | 51 | Chubb (CB) | Evan G. Greenberg | $20,381,147 | 4% | -1% | 4% |
| 8 | 60 | Ameriprise Financial (AMP) | James M. Cracchiolo | $19,372,300 | -13% | -1% | -18% |
| 9 | 61 | Wells Fargo (WFC) | John G. Stumpf | $19,318,604 | 0% | 1% | 2% |
| 10 | 73 | JPMorgan Chase (JPM) | James Dimon | $18,221,060 | -34% | -2% | 8% |
| 11 | 77 | Capital One Financial (COF) | Richard D. Fairbank | $18,011,817 | -8% | 1% | -11% |
| 12 | 98 | Prudential Financial (PRU) | John R. Strangfeld | $16,668,942 | -3% | 6% | -7% |
| 13 | 109 | Intuit (INTU) | Brad D. Smith | $16,015,331 | -3% | -1% | 30% |
| 14 | 110 | Invesco (IVZ) | Martin L. Flanagan | $15,875,975 | 2% | 0% | -13% |
| 15 | 119 | MasterCard (MA) | Ajay Banga | $15,538,463 | 16% | 2% | 14% |
| 16 | 121 | Marsh & McLennan (MMC) | Daniel S. Glaser | $15,462,642 | 8% | 0% | -1% |
| 17 | 125 | Franklin Resources (BEN) | Gregory E. Johnson | $15,097,340 | -5% | -6% | -30% |
| 18 | 128 | Metlife (MET) | Steven A. Kandarian | $14,975,921 | 4% | -5% | -8% |
| 19 | 134 | Nasdaq (NDAQ) | Robert Greifeld | $14,706,445 | 29% | -3% | 23% |
| 20 | 137 | Citigroup (C) | Michael L. Corbat | $14,595,462 | 1% | -2% | -4% |
| 21 | 143 | PayPal Holdings (PYPL) | Daniel H. Schulman | $14,444,491 | n/a | 15% | n/a |
| 22 | 153 | AmTrust Financial Services (AFSI) | Barry Zyskind | $13,942,205 | -37% | 14% | 11% |
| 23 | 158 | Bank of America (BAC) | Brian T. Moynihan | $13,722,849 | -6% | -3% | -5% |
| 24 | 165 | Bank of New York Mellon (BK) | Gerald L. Hassell | $13,482,434 | 33% | -4% | 3% |
| 25 | 170 | Allstate (ALL) | Thomas J. Wilson | $13,341,577 | 3% | 1% | -10% |
| 26 | 182 | Fidelity National Information Services (FIS) | Gary A. Norcross | $12,953,502 | n/a | 3% | -1% |
| 27 | 184 | Equifax (EFX) | Richard F. Smith | $12,922,711 | 28% | 9% | 39% |
| 28 | 188 | Northern Trust (NTRS) | Frederick H. Waddell | $12,760,550 | 32% | 10% | 9% |
| 29 | 193 | American International Group (AIG) | Peter D. Hancock | $12,438,216 | n/a | -9% | 12% |
| 30 | 196 | Charles Schwab (SCHW) | Walter W. Bettinger | $12,337,373 | 4% | 5% | 10% |
| 31 | 197 | PNC Financial Services Group (PNC) | William S. Demchak | $12,325,411 | 15% | -1% | 7% |
| OVERALL MEDIAN VALUES | $16,595,757 | 5% | 1% | 3% | |||
| OVERALL AVERAGE | $19,326,047 | 4% | 2% | 1% | |||
| MEDIAN VALUES FINANCIAL SERVICES | $15,462,642 | ||||||
| AVERAGE FINANCIAL SERVICES | $17,814,243 |
* This ranking includes U.S.-based or listed companies with more than $1 billion in revenue that filed proxy statements by April 30, 2016. Total compensation includes information disclosed in the Summary Compensation Table of company proxy statements including salary, bonus, stock and options valued at grant date, and other compensation (including benefits and perks).
