Two-hundred forty eight of Long Island’s highest-paid executives took home $377 million in total in 2013, according to an analysis of executive compensation complied for Newsday by Standard & Poor’s.
This year’s analysis, which looked at 2013 compensation, showed a wide gap when it comes to executive pay packages on Long Island. Only four executives made more than $10 million for the year, compared to 98 who made between $1 million and $10 million. The bulk of executives on the list made less than $1 million in total compensation: 59 made between $500,000 and $1 million while 85 made less than $500,000.
Pay for Long Island executives also goes far beyond just annual salary, which in this year’s list didn’t top $2 million for anyone in 2013. Compensation packages for executives can consist of salaries, bonuses, restricted stock awards, stock options, non-equity incentive plans, pension plan changes and other miscellaneous items like expense accounts or use of a company car.
Newsday’s list was drawn from Securities and Exchange Commission filings for the fiscal year 2013 and included only executives at public companies that are headquartered on Long Island.