Pittsburgh Tribune-Review: Highmark Inc. CEO Winkenwerder earned $4.3M last year

by Alex Nixon

Excerpt:

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.

Link to Article: http://triblive.com/business/headlines/5808616-74/million-ceo-earned#ixzz2wsuKTed5