Aflac Chairman and Chief Executive Officer Dan Amos is once again the salary king among top executives at publicly traded companies headquartered in Columbus.
His 2013 compensation package of $17.2 million far exceeded his corporate counterparts at credit-card processor, TSYS, and regional bank, Synovus Financial Corp., according to recent filings by the firms with the U.S. Securities and Exchange Commission.
Amos, CEO of the supplemental health and life insurer since 1990 and chairman since 2001, saw his overall package jump nearly 54 percent from $11.2 million in 2012. The bulk of the difference came from a large increase in stock awards, climbing to $10.8 million from $4.4 million the prior year. However, his base salary of $1,441,100 did not change.
The balance of the Aflac CEO’s package in 2013 was comprised of incentive plan pay of $4.7 million and “other compensation” of $236,291 that included perks such as security services, personal use of company aircraft and other transportation.
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Amos’ package compares to median total compensation of $10.5 million for CEOs of U.S. firms in 2013, according to an analysis of Standard & Poor’s 500 companies by USA Today. That would be an increase of 13 percent over the previous year, it said, with much of the surge connected to the run-up in publicly traded firms’ stock prices in 2013. Albeit, Wall Street stocks by and large roared back last year from the Great Depression meltdown.
Trailing far behind Amos on the local front was TSYS Chairman and CEO Philip Tomlinson, who earned a compensation package of $4.2 million last year. That was actually a 15-percent decline from just under $5 million the year before, with the dip split between lower stock awards and incentive pay.
Tomlinson, head of the global credit-card processor, saw his base salary rise 3 percent to $918,000, while he also had nearly $66,000 in “other compensation” that included an automobile allowance, personal use of company aircraft, security alarm service and other fees, such as tax preparation.
Tomlinson’s financial services counterpart, Kessel Stelling, chairman and CEO of Synovus, took home a total compensation package of $2.2 million in 2013, a nearly 15-percent increase from $1.9 million the year before. Synovus, which operates in five Southeastern states, is parent company Columbus Bank and Trust, the No. 1 local financial institution in terms of total deposits.
Although Stelling’s base salary did rise slightly to $1,178,600 last year, his stock awards jumped to $953,000, although his “other compensation” fell from $185,195 to $82,225. The latter category included a housing allowance of $26,400, an auto allowance of $6,000, transportation service totaling $17,160 and financial planning fees of $3,485.
Here are the 2013 and 2012 base salary and total compensation figures of several other top executives of Aflac, TSYS and Synovus, according to the companies’ SEC filings:
Kriss Cloninger III, president and chief financial officer
2013: Base pay $951,600; total package $6.5 million
2012: Base pay $923,800; total package $6.8 million
Paul S. Amos II, president of Aflac
2013: Base pay $633,000; total package $3.4 million
2012: Base pay $583,953; total package $3.2 million
Tohru Tonoike, president and chief operating officer of Aflac Japan
2013: Base pay $663,318; total package $3.5 million
2012: Base pay $786,869; total package $3.9 million
Eric M. Kirsch, executive vice president and global chief investment officer
2013: Base pay $566,500; total package $3.3 million
2012: Base pay $550,000; total package $2.1 million
James B. Lipham, vice president and chief financial officer
2013: Base pay $439,000; total package $1.2 million
2012: Base pay $425,300; total package $1.4 million
M. Troy Woods, president and chief operating officer
2013: Base pay $673,000; total package $2.3 million
2012: Base pay $647,000; total package $3 million
William A. Pruett, vice president and chief client officer
2013: Base pay $483,000; total package $1.5 million
2012: Base pay $468,000; total package $1.4 million
Kenneth L. Tye, vice president and chief information officer
2013: Base pay $483,000; total package $1.3 million
2012: Base pay $468,000; total package $1.5 million
G. Sanders Griffith II, vice president and general counsel
2013: Base pay $469,000; total package $1.3 million
2012: Base pay $455,000; total package $1.5 million
Thomas J. Prescott, executive vice president and chief financial officer
2013: Base pay $534,725; total package $924,545
2012: Base pay $526,792; total package $915,084
Allen J. Gula Jr., president and chief operations officer
2013: Base pay $532,125; total package $914,594
2012: Base pay $524,192; total package $799,517
Mark G. Holladay, executive vice president and chief risk officer
2013: Base pay $434,800; total package $768,267
2012: Base pay $428,454; total package $708,756
Roy Dallis Copeland Jr., executive vice president and chief banking officer
2013: Base pay $434,800; total package $765,877
2012: Base pay $329,154; total package $560,823