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Paychex CEO Gets $3.3M in First Year

Martin MucciMartin Mucci, who became CEO on September 30, drew $3.3 million in compensation for Paychex year ended May 30. Mucci had previously served as SVP of operations and drew $1.3 million in pay for fiscal 2010. His big boost in the new job came from a $1.2 million stock award.

Mucci gets an $800,000 annual base salary. In the prior year, his salary was $428,003.

The 2011 list of named executives has been reshaped since Mucci took over. The list features two departees, including Delbert Humenik, formerly SVP of sales and marketing who made $956,102 before leaving on October 5, down from just over $1 million for fiscal 2010.

Also on the 2011 roll was former CEO Jonathan Judge, who resigned on July 31. He earned $2.1 million for the most recently ended year, most of that from $1.9 million he was paid in a separation agreement.

Judge had $4.7 million in total compensation for 2010. John Morphy, who is resigning as SVP of finance in January 2012, pulled in $1.4 million for fiscal 2011, up from $1.3 million.

New to the named executive cadre was Michael Gioja, VP of development, who earned $755,212 last year. William G. Kuchta, VP of government affairs, took in $788,108, up from $714,428. Michael A. McCarthy, VP of major market services sales, was paid $752,831, compared to $648,737, the prior year.

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