Business & Tech
Which 14 New Jersey CEOs Are Among Nation's Richest?
Annual report by Associated Press, Equilar says Garden State's top business leaders have highest salaries in the country.

They are giants in the healthcare, pharmaceutical, and financial industries. Names long associated with the Garden State.
And according to a new study, they are paying their Chief Executive Officers handsomely.
A new report conducted jointly by the Associated Press and Equilar, a California-based company that provides information about total executive compensation packages, listed the highest paid 341 CEOs of American companies. Fourteen of them managed businesses in New Jersey.
Find out what's happening in Morristownfor free with the latest updates from Patch.
The median total compensation for this year’s study was $10.8 million, Equilar said. Of the 341, just 17 were female, but their median compensation package was well above the field average, coming in at $18 million.
New Jersey’s 14 CEOs was good enough for sixth highest state on the list, but the leaders owned the highest median compensation package at $20.7 million, Equilar said.
Find out what's happening in Morristownfor free with the latest updates from Patch.
New York (39), California (36), Texas (36), Illinois (22), and Massachusetts (17) had more CEOs on the list than New Jersey.
Total compensation includes salary, bonus, stock and options, deferred compensation, and other compensation like benefits and perks, the report said.
New Jersey’s top paid CEOs in 2015 were:
- Dave Cote, Honeywell International (Morris Plains), $33.8 million
- Robert Hugin, Celgene (Summit), $22.5 million
- Alex Gorsky, Johnson & Johnson (New Brunswick), $21.1 million
- Kenneth C. Frazier, Merck & Co. (Kenilworth), $19.9 million
- Irene Rosenfeld, Mondelez International (East Hanover), $18.3 million
- John Strangfeld, Prudential Financial (Newark), $16.7 million
- Stephen Holmes, Wyndham Worldwide (Parsippany), $15 million
- Francisco D’Souza, Cognizant Technology Solutions (Teaneck), $12 million
- Timothy Ring, C.R. Bard (Murray Hill), $11.2 million
- Stephen Rusckowski, Quest Diagnostics (Madison), $9.7 million
- Ralph Izzo, Public Service Enterprise Group (Newark), $9.2 million
- Juan Alaix, Zoetis (Florham Park), $8.7 million
- Scott Stephenson, Verisk Analytics (Jersey City), $6.6 million
- James Craigie, Church & Dwight (Ewing), $6.2 million
See the full list by Equilar here.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.