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API CEO salary reaches eight figures in 2013

One-time retirement, retention payments push Gerard’s compensation to one of highest in associations

Nov. 20, 2014
By Mark R. Graham


$13.3 million.  

That’s the 2013 taxable compensation for Jack Gerard, president and CEO of the American Petroleum Institute, according to tax documents filed this month.  The sum is one of the highest recorded for an association CEO.

Along with a base pay of $2.5 million and $1.2 million bonus, Gerard’s salary was boosted by other one-time payments, including $5.8 million from a supplemental executive retirement plan ($4.6 million of which is related to retention) and an additional $2.9 million retirement payment that vested in 2013 and became taxable.