NEW YORK (TheStreet) -- 2014 was a good year for a number of top women CEOs. Not only did they make money for shareholders, but many got bigger compensation packages as well.
A study of 300 companies by The Wall Street Journal published Wednesday reveals that organizations headed by women chief executives, by and large, had a pretty strong year on the market. In fact, of the 15 women-led firms listed in the study, only two -- IBM (IBM) and General Motors (GM)-- lost money for shareholders in 2014.
It should be no surprise that companies run by women CEOs did well last year -- in fact, it may be part of an overarching trend. A recent study from Quantopian, a Boston-based trading platform for crowdsourced algorithms, found that women-led companies perform three times better than the S&P 500.
Women executives are making their way up the pay scale as well. All but four of those listed by The Wall Street Journal received compensation increases in 2014, and one nearly cracked the list of the top 10 highest paid chief executives.
Here are 10 women CEOs who made money for themselves and their investors in 2015.
Lockheed Martin's (LMT) Marillyn Hewson is the highest-paid woman in the Journal's rankings and comes in at No. 11 on the list of all CEOs. She earned $33.7 million in 2014, up 33.9% from the year before. And the defense company she runs -- the world's largest by sales -- returned 33.7% to shareholders.
Hewson spent 30 years at Lockheed Martin before being named CEO in 2013 and is now the firm's chairman, president and chief executive officer. In 2014, she received just under $1.5 million in base pay, $8.9 million in stock awards and $7.1 million in nonequity compensation. The major boost to her pay came in pension value, which jumped to $15.8 million in 2014 from $9.4 million the year prior.
Since taking the lead at Lockheed Martin, Hewson has pushed to cut costs at the company. In 2013, the company announced plans to close and consolidate several of its U.S. facilities and reduce its workforce by mid-2015.
Lockheed Martin representatives declined to comment.