NEW YORK (AP) — The pandemic crushed the economy, but it was no match for CEO pay, which rose again last year. The typical pay package for CEOs at S&P 500 companies hit $12.7 million, up 5%. Some CEOs took salary cuts, hoping to broadcast they were sharing in the pain as they laid off or furloughed workers. But some boards of directors also rejiggered performance targets to make it easier for CEOs to earn bonuses. Others gave retention bonuses, saying they needed to hold onto CEOs’ leadership through the crisis. Across the rest of the economy, meanwhile, pay gains were much slower for workers.
South Dakota’s highest paid CEO is Linden R. Evans with Black Hills Corporation. The utility company is based in Rapid City, SD, and serves over 1.28 million electric and natural gas utility customers (in more than 800 communities) in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.
Highest-paid CEOs by state:
Alabama: Edward K. Aldag, Jr., Medical Properties Trust, $16.9 million
Arizona: Joseph M. Hogan, Align Technology, $15.5 million
Arkansas: C. Douglas McMillon, Walmart, $22.6 million
California: Tony Xu, DoorDash, $413.7 million
Colorado: Alexander Karp, Palantir Technologies, $1.1 billion
Connecticut: Thomas M. Rutledge, Charter Communications, $38.7 million
Delaware: Hervé Hoppenot, Incyte, $16.4 million
Washington, D.C.: Andrew C. Florance, CoStar Group, $21.3 million
Florida: Frank J. Del Rio, Norwegian Cruise Line, $31.9 million
Georgia: Michael Hayford, NCR, $28.3 million.
Hawaii: Matthew J. Cox, Matson, $5.1 million
Illinois: Gregory Q. Brown , Motorola Solutions, $23 million
Indiana: David Ricks, Eli Lilly, $17.8 million
Iowa: Daniel Houston, Principal Financial Group, $11.6 million
Kansas: Adam M. Aron, AMC Entertainment, $16.9 million
Kentucky: Bruce D. Broussard, Humana, $16.5 million
Louisiana: Jeffrey K. Storey, Lumen Technologies, $17 million
Maine: Melissa Smith, WEX, $16.3 million
Maryland: David Zaslav, Discovery, $37.7 million
Massachusetts: Larry Culp, General Electric, $72.7 million
Michigan: Jay Farner, Rocket Companies Inc., $51.7 million
Minnesota: Brian C. Cornell, Target, $19.8 million
Mississippi: Joe Sanderson, Jr., Sanderson Farms, $4.5 million
Missouri: Michael Neidorff, Centene, $25 million
Nebraska: Lance Fritz, Union Pacific, $13.4 million
Nevada: Matt Maddox, Wynn Resorts, $18.2 million
New Hampshire: G. Manning Rountree, White Mountains Insurance, $7.2 million
New Jersey: Alex Gorsky, Johnson & Johnson, $23.1 million
New Mexico: Patricia K. Collawn, PNM Resources, $9 million
New York: Joseph Levin, IAC/InterActiveCorp, $189.5 million
North Dakota: David L. Goodin, MDU Resources Group, $6 million
Ohio: Kevin Stein, TransDigm Group, $22.1 million
Oklahoma: Chad Richison, Paycom Software, $211.1 million
Oregon: Bryan DeBoer, Lithia Motors, $8.3 million
Pennsylvania: Brian L. Roberts, Comcast, $32.7 million
Rhode Island: Brian Goldner, Hasbro, $16.4 million
South Carolina: John D. Williams, Domtar, $6.7 million
South Dakota: Linden R. Evans, Black Hills, $4.1 million.
Tennessee: Samuel N. Hazen, HCA Healthcare, $18.1 million
Texas: Perry A. Sook, Nexstar Media , $23.6 million
Utah: Todd R. Pedersen, Vivint Smart Home, $30.1 million
Virginia: Richard D. Fairbank, Capital One Financial, $20.1 million
Washington: Clay B. Siegall, Seagen, $16.5 million
Wisconsin: Kevin Conroy, Exact Sciences, $20.1 million
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