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Bonuses for Top-Paid GCs Jumped 17%, to an Average of $1.1M
Salaries for the 100 best-paid general counsel at Fortune 500 companies stagnated last year while the average bonus and stock grant jumped about 17 percent, according to a survey by Corporate Counsel magazine.
The average salary $567,195 while the average bonus was $1.1 million and the average stock award was more than $1.3 million, Corporate Counsel reports. Meanwhile stock options decreased 10 percent to an average of $720,470.
The lawyer earning the highest bonus--$7.7 million--was Jon Walton of Allegheny Technologies Inc., a specialty metals manufacturer. He also was No. 1 on the overall list with total compensation in salary, bonus and stock sales of $8.1 million.
Twelve women made the list of… Continue reading...
