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ADP CEO’S Compensation Dropped

Compensation for Carlos Rodriguez, CEO of Automatic Data Processing fell by 7.1 percent for the year ended June 30. Rodriguez pay for fiscal 2020 was $17.6 million,  down from $19 million the prior year, accoring to the payroll services company's proxy, filed recently with theSEC.

The CEO’s change in pay was complicated  as two major compensation categories rose and two fell, while the fifth, salary, was off because Rodriguez took a 50-percent voluntary cut effective in May  because of the COVID-19 pandemic, while other named executives took a 10-percent cut. The result was his salary fell to $$988,969 for the most recently ended year, down from $1.1 million, the prior year. His base salary was $1.1 million.

Rodriguez took a big hit in non-equity incentive compensation which fell $1.16 million, own 65.5 percent from $3.39 million while change in pension value and nonqualified deferred compensation earnings dropped to $2.65 million, a decline  28.3 percent from $3.7 million. On the plus side, the value of his stock awards reached $7.55 million, an increase of 12 percent from $6.74 million and option awards reached slightly less than $5.1 million up 27.5 percent just under $4 million.

Kathleen Winters, who began as CFO in April 2019, was paid $4.1 million for fiscal 2020, more than double the $1.6 million from the prior year. Her compensation was boosted by a $1.25 million sign-on bonus, which was paid during 2020.

Compensation for the other three named executives was affected by a reorganization, with two of them making the list for the first time this year. ADP paid John Ayala, president of employer services, slightly more than $6 million and he became a named executive for 2020 when all North American business units were put under him. Don Weinstein, who has been with ADP for 14 years seven months, became corporate VP of global product and technology and received slightly less than $5 million.

In February 2020, Maria Black moved from her position as president, small business solutions and human resources outsourcing, to become president of worldwide sales and marketing. She received $5.6 million last year,  up 50 percent from $3.7 million in fiscal 2019.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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