The highest-paid CEOs by state


Arkansas: C. Douglas McMillon, Walmart, $22.6 million

In this Jan. 14, 2018, file photo, Walmart CEO Doug McMillon speaks at the National Retail Federation’s conference in New York. McMillon was the highest paid CEO in the state of Arkansas. Overall, the typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, according to AP’s annual survey of executive compensation. (AP Photo/Mark Lennihan)

WASHINGTON (AP) — Here are the top-paid CEOs by state for 2020, as calculated by The Associated Press and Equilar, an executive data firm.

The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between Jan. 1 and April 30.

Not every state has such a company headquartered there.

The survey includes only CEOs who have been in place for at least two years, but it does not limit the survey to companies in the S&P 500, as the AP’s general compensation study does.

To calculate CEO pay, Equilar adds salary, bonus, stock awards, stock option awards, deferred compensation, and other components that include benefits and perks. For some companies, big raises can occur when CEOs get a stock grant in one year as part of a multi-year grant.

Median pay for S&P 500 CEOs was $12.7 million last year. Median means half made more, and half made less.

  • Alabama: Edward K. Aldag, Jr., Medical Properties Trust, $16.9 million
  • Arizona: Joseph M. Hogan, Align Technology, $15.5 million
  • Arkansas: C. Douglas McMillon, Walmart, $22.6 million
  • California: Tony Xu, DoorDash, $413.7 million
  • Colorado: Alexander Karp, Palantir Technologies, $1.1 billion
  • Connecticut: Thomas M. Rutledge, Charter Communications, $38.7 million
  • Delaware: Hervé Hoppenot, Incyte, $16.4 million
  • Washington, D.C.: Andrew C. Florance, CoStar Group, $21.3 million
  • Florida: Frank J. Del Rio, Norwegian Cruise Line, $31.9 million
  • Georgia: Michael Hayford, NCR, $28.3 million.
  • Hawaii: Matthew J. Cox, Matson, $5.1 million
  • Illinois: Gregory Q. Brown, Motorola Solutions, $23 million
  • Indiana: David Ricks, Eli Lilly, $17.8 million
  • Iowa: Daniel Houston, Principal Financial Group, $11.6 million
  • Kansas: Adam M. Aron, AMC Entertainment, $16.9 million
  • Kentucky: Bruce D. Broussard, Humana, $16.5 million
  • Louisiana: Jeffrey K. Storey, Lumen Technologies, $17 million
  • Maine: Melissa Smith, WEX, $16.3 million
  • Maryland: David Zaslav, Discovery, $37.7 million
  • Massachusetts: Larry Culp, General Electric, $72.7 million
  • Michigan: Jay Farner, Rocket Companies Inc., $51.7 million
  • Minnesota: Brian C. Cornell, Target, $19.8 million
  • Mississippi: Joe Sanderson, Jr., Sanderson Farms, $4.5 million
  • Missouri: Michael Neidorff, Centene, $25 million
  • Nebraska: Lance Fritz, Union Pacific, $13.4 million
  • Nevada: Matt Maddox, Wynn Resorts, $18.2 million
  • New Hampshire: G. Manning Rountree, White Mountains Insurance, $7.2 million
  • New Jersey: Alex Gorsky, Johnson & Johnson, $23.1 million
  • New Mexico: Patricia K. Collawn, PNM Resources, $9 million
  • New York: Joseph Levin, IAC/InterActiveCorp, $189.5 million
  • North Carolina: Brian T. Moynihan, Bank of America, $25.4 million
  • North Dakota: David L. Goodin, MDU Resources Group, $6 million
  • Ohio: Kevin Stein, TransDigm Group, $22.1 million
  • Oklahoma: Chad Richison, Paycom Software, $211.1 million
  • Oregon: Bryan DeBoer, Lithia Motors, $8.3 million
  • Pennsylvania: Brian L. Roberts, Comcast, $32.7 million
  • Rhode Island: Brian Goldner, Hasbro, $16.4 million
  • South Carolina: John D. Williams, Domtar, $6.7 million
  • South Dakota: Linden R. Evans, Black Hills, $4.1 million.
  • Tennessee: Samuel N. Hazen, HCA Healthcare, $18.1 million
  • Texas: Perry A. Sook, Nexstar Media, $23.6 million
  • Utah: Todd R. Pedersen, Vivint Smart Home, $30.1 million
  • Virginia: Richard D. Fairbank, Capital One Financial, $20.1 million
  • Washington: Clay B. Siegall, Seagen, $16.5 million
  • Wisconsin: Kevin Conroy, Exact Sciences, $20.1 million

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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