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Incentive Drop Cuts Paychex Pay

Sharp declines in non-equity incentive compensation for Paychex’s named executives pushed salaries down for four of five leaders for the year ended May 31. Only Martin Mucci, CEO of the payroll services company, received an increase over fiscal 2019 and that was 1.7 percent.

Mucci received $8.1 million for the most recently ended year, a rise from $7.9 million the prior year. Mucci received incentive pay of $768,900 for fiscal 2020, down sharply from $1.7 million the prior year.

CFO Ethan Rivera made $2.2 million last year, a decline of 7.1 percent from $2.4 million the prior year. 

Mark Bottini, SVP of sales, received $1.5 million in 2020 compensation, down 6.1 percent from slightly less than $2 million. The company gave John Gibson, SVP of services, was given $1.85 million last year, a drop of 6.1 percent from $1.96 million. Michael Gioja, SVP of information technology and product development had $1.87 million in pay for the last fiscal year, a decline of 8.2 percent from slightly more than $2 million the prior year.

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