Best Buy's (BBY) CEO Hubert Joly got handsomely compensated in 2016 as he drove another comeback year for the retailer.
Joly earned $14 million in total compensation last year, down slightly from $14.9 million in the prior year. The executive hauled in about $1.2 million in base salary, with the remaining balance tied to various other compensation.
Thus far, Wall Street is banking on Best Buy and Joly having another pretty decent year.
Best Buy surprisingly saw its stock come out as the winner within the retail sector in the first quarter, despite disappointing Wall Street when it reported its fourth quarter results last month. In the last three months, Best Buy, which has a market cap of about $15.99 billion, saw its stock spike 22.9%, higher than any other stock within the retail sector, according to Factset data.
Joly is among some of the highest paid consumer executives around. Here are several of the top names.
When Walmart (WMT) agreed to acquire e-commerce startup Jet.com for $3.3 billion in cash and restricted stock last summer, Jet founder Marc Lore joined the world's largest retailer to helm its e-commerce operations. Lore, who owned 15.9% of Jet, took home $80 million following the close of the deal. He will take home a remaining $397 million over the next five years, provided he remains at Walmart during that time.
For the fiscal year ending Jan. 31, Lore took home a base salary of $346,154, and his regular compensation totaled $7.6 million. Including the restricted stock from the Jet sale, however, Lore's 2016 compensation totaled $243.9 million.
Doug McMillon became Walmart's fifth CEO in 2014 after previously leading the company's international division. His salary, stock awards and all other forms of compensation increased in 2016 as Walmart notched a solid year.
He earned a base salary of $1.28 million and stock awards of $15.22 million; including other perks, McMillon's total compensation was $22.35 million, up 12.8% from last year.
In his last full year at Macy's, Lundgren's base salary of $1.6 million, stock awards of $6.04 million and option awards of $4 million were all largely unchanged from 2015, totaling $13.48 million in a difficult year when the department store fended off an activist investor.
Chipotle (CMG) founder Steve Ells is currently in his first year as the company's sole CEO after co-CEO Monty Moran stepped down late last year after Chipotle struggled to come back from a foodborne illness scandal. In response to the scandal, Chipotle changed its executive compensation practices, which included cutting Ells' target long-term incentive award by 31% for 2017.
In 2016, Ells took home a base salary of $1.54 million, the same as his 2015 figure, and stock awards of $14 million, up from $12 million in 2015. Including other perks, his 2016 salary was $15.66 million, up 13% from 2015 but well below 2014's $28.9 million.
Moran earned a $1.32 million base salary in 2016, as he did in 2015, with total compensation of $15.48 million up 14% from 2015, but a steep decline from 2014's $28.15 million.
McDonald's (MCD) CEO Steve Easterbrook was paid a base salary of about $1.27 million in 2016, up from $1.025 million in 2015. His stock awards rose 72% to $5.12 million, and option awards were up even more, jumping 85% to $3.898 million. All told, including non-equity incentive compensation and other forms of compensation, Easterbrook took home $15.36 million in 2016.
Under Armour (UA) founder, chairman and CEO Kevin Plank owns 16% of the company's stock and majority voting control through his Class B shares. Plank has received a base salary of $26,000 since 2008, and in both 2016 and 2015 received option awards of $2 million. Including all forms of compensation, Plank earned $2.03 million in 2016, down from $2.43 million in 2015.