| Paychex CEO Gets $3.3M in First Year |
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| Written by The Progressive Accountant | |||
| Wednesday, 31 August 2011 22:58 | |||
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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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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |