Carlos Rodriguez, ADPAutomatic Data Processing gave its top executive a generous increase in pay last year. But it was stingier with two other named executives. Carlos Rodriguez, CEO of the payroll processing giant, received a 16-percent increase in compensation, for the year ended June 30 as increases in base salary and stock awards more than made up for drops in option awards and deferred compensation.

 

Rodriquez total compensation rose to $6.3 million for the most recently ended year, compared to $5.5 million for fiscal 2012. That stemmed from a combination of a 16.6-percent rise in base salary and a 140-percent hike in stock awards.

Rodriguez had a base salary of $850,000 for 2013, up from $850,000 the prior year.The big change came in stock awards, which rose to $2.2 million from $926,200 the prior year. Those increases overcame a drop in option awards to $1.4 million, off 16.6 percent from $1.7 million a year earlier and a decrease in the value of his pension and nonqualified deferred compensation earnings.

The pattern was the same for the other named executives, base salary and stock awards rose while option awards and pension and deferred earnings were down. However, for the two executives who were in the same positions for all of 2012, division presidents, Regina Lee and Steven Anenen, the result was a drop in total compensation.

Lee, president of Employer Services–Major Account Services and ADP Canada, saw her 2013 compensation fall to $2.1 million, down 17 percent from $2.5 million. Anenen, president of Dealer Services, earned  $1.7 million last year, down 30 percent from $2.4 million in 2012.

Last modified on Tuesday, 22 October 2013
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