Pittsburgh Tribune-Review: Highmark Inc. CEO Winkenwerder earned $4.3M last year
by Alex Nixon
Compared to companies in the Standard & Poor’s 500 index, Winkenwerder appears to run a company twice as big for half the pay, according to Steven Hall & Partners LLC. The New York executive compensation consulting company collected data on companies in the S&P 500 and found a median of $8.5 billion in revenue with a median CEO compensation of $10.4 million in 2012.
The primary difference likely is stock awards that publicly traded companies typically provide on top of salary and bonus, Managing Director Steven Hall Sr. said. As a nonprofit, Highmark does not award stock.
“You can see the difference between purely public companies and an organization that’s a quasi not-for-profit,” Hall said.