CEO Compensation — Nuance (NUAN)
Boston Globe columnist Steven Syre recently dubbed Ricci the “most overpaid executive in Massachusetts.” Syre points out that Ricci’s total compensation over the past three years was $87 million, while NUAN stock lost 16% of its value at a time when most stocks were flying higher.
TJX (TJX) CEO Carol Meyrowitz came in second spot on that list, with $19.1 million in total compensation (almost $70 million behind Ricci). Of course, TJX stock gained 51% in 2013 and hasn’t had a losing year since 2008. Over the past three years, TJX has outperformed NUAN by 39% on an annualized basis.
Seyre also points out that Boston Beer (SAM) CEO Martin Roper earned total CEO compensation of $1.5 million in 2013, just 5% of Ricci’s pay, despite doing a far superior job of managing his business.