One in four top executives in professional societies saw compensation rise by double digits, while the biggest bumps went to leaders in health and banking/finance. Seventeen chief executives earned more than $1 million, although that’s far behind the number of seven-figure earners in trade groups, where 86 CEOs earned more than $1 million.
American Hospital Association CEO Richard Umbdenstock announced his plans to retire at the end of 2015. "Being president of the AHA has been the highlight of my career," he said in a message to members Nov. 21.
After one-time retirement and retention payments, taxable compensation for American Petroleum Institute CEO Jack Gerard totaled $13.3 million, according to tax documents filed this month.
Experts at CEO Update Executive Compensation Forum say variable pay and bonuses are growing in line with private sector, but boards are holding executives’ ‘feet to the fire.’