Worldpay? You bet it does.
At this time last year, two executives at Sycamore Township-based Worldpay Inc. were among the Tri-State’s 50 highest paid bosses. Now there are six in the top 20, each of them benefiting handsomely from a one-time incentive award worth $4.6 million.
RELATED: Could your family survive on 'median pay' from local public companies?
The special “Acquisition Award” was intended to encourage a smooth transition after the company formerly known as Vantiv Inc. bought UK-based Worldpay in January 2018. But the combined companies instead became an acquisition target. Jacksonville, Florida-based Fidelity National Information Services, or FIS, plans to close on its $48 billion purchase of Worldpay by September.
In its last full year as a Cincinnati-based company, Worldpay shelled out $65.6 million in cash and stock awards to its top six, three of whom received triple digit raises in 2018. Three of them rank among the region’s 10 highest paid, as follows:
#10 Scott Farmer
CEO, Cintas Corp.
2018 Total Compensation: $9,778,369
Raise: 14.4%
Total Shareholder Return: 46.4%
#9 Mark Heimbouch
President & COO, Worldpay Inc.
2018 Total Compensation: $10,087,242
Raise: 146.7%
Total Shareholder Return: 3.9%
#8 Craig Lindner
Co-CEO, American Financial Group Inc.
2018 Total Compensation: $10,191,495
Raise: 6.1%
Total Shareholder Return: -13%
#7 Carl Lindner
Co-CEO, American Financial Group Inc.
2018 Total Compensation: $10,209,385
Raise: 4.5%
Total Shareholder Return: -13%
#6 Greg Carmichael
CEO, Fifth Third Bancorp.
2018 Total Compensation: $11,173,652
Raise: 28.6%
Total Shareholder Return: -20.3%
#5 Rodney McMullen
CEO, Kroger Co.
2018 Total Compensation: $11,701,917
Raise: 4.5%
Total Shareholder Return: -2.5%
#4 Jeff Gennette
CEO, Macy’s Inc.
2018 Total Compensation: $12,675,202
Raise: 17.8%
Total Shareholder Return: 8.1%
#3 Philip Jansen
Former Co-CEO, Worldpay Inc.
2018 Total Compensation: $14,422,097
Raise: N/A
Total Shareholder Return: 3.9%
#2 David Taylor
CEO, Procter & Gamble Co.
2018 Total Compensation: $17,354,256
Raise: -4.1%
Total Shareholder Return: -7.5%
#1 Charles Drucker
CEO, Worldpay Inc.
2018 Total Compensation: $17,500,309
Raise: 56.6%
Total Shareholder Return: 3.9%
WCPO obtained compensation data from S&P Global Market Intelligence, which pulled it from annual proxy statements companies filed with the Securities and Exchange Commission. Specifically, compensation data from the "summary compensation table" in each company's proxy document was analyzed. The pay category Changes in Pension Value was excluded from tabulations, because it is an actuarial estimate and does not reflect actual gains and losses.
