31 Highest Paid CEOs in Financial Services

  • JJ Hornblass
  • May 31, 2016
  • 2

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).

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JJ started the first iteration of Bank Innovation back in 2007, and has been working on it ever since. He also serves as President & Chief Executive Officer of Royal Media, Bank Innovation’s parent. He founded Royal in 1995 and oversees all aspects of the New York-based diversified media company. Prior to forming Royal, JJ was on the editorial staff of American Banker, the daily newspaper, and worked as an editor of a business magazine in Hong Kong. As a reporter and editor, he has won journalism awards from the National Press Foundation, Newsletter & Electronic Publishers Foundation, and the Reader’s Digest Foundation. He has a BS in Economics from Yeshiva University and a Master’s from the Columbia University Graduate School of Journalism. He was also a Fellow at the University of Wisconsin-Madison Graduate School of Banking. He lives in New York City with his wife, two daughters, and son. He counts among his accomplishments one New York City Marathon, two New York City Triathlons and the 2010 Father’s Day 5K, the first race he ever ran with his daughters. He can be reached at hornblass@gmail.com or 212-564-8972.

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