2013 compensation varied widely for Long Island executives
Irwin David Simon, chief executive of The Hain Celestial Group, made $26,426,555 in 2013. Credit: Uli Seit
Long Island’s 248 highest paid executives took home $377 million in total in 2013, according to an analysis of executive compensation complied for Newsday by Standard & Poor’s.
This year's analysis, which looked at 2013 compensation, showed a wide gap when it comes to executive pay packages on Long Island. Only four executives made more than $10 million for the year, compared to 98 who made between $1 million and $10 million. The bulk of executives on the list made less than $1 million in total compensation: 59 made between $1 million and $500,00 while 85 made less than $500,000.
Pay for Long Island executives also goes far beyond just annual salary, which in this year’s list didn't top $2 million for anyone in 2013. Compensation packages for executives can consist of salaries, bonuses, restricted stock awards, stock options, non-equity incentive plans, pension plan changes and other miscellaneous items like expense accounts or use of a company car.
Newsday’s list was drawn from Securities and Exchange Commission filings for the fiscal year 2013 and included only executives at public companies that are headquartered on Long Island.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
