Who Is the Highest Paid CEO in Your State?

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It’s fun to fantasize about money and what you can do with it. But there’s always someone living out that fantasy of being extremely wealthy, and that someone might be the CEO living a couple neighborhoods over from you.

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Although their salaries can vary by industry and experience, a CEO’s bank account is generally nothing to scoff at. GOBankingRates looked at the highest-paid active CEO in every state by using data from the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO). Listed is the CEO’s company along with their total pay, which factors in base salary, bonuses, value of stock awards and value of options awards, among other variables. 

Discover the richest CEO in your state. 

Alabama: Edward Aldag Jr.

  • Company: Medical Properties Trust, Inc.
  • CEO Pay: $17,253,436

Aldag Jr. is a founder and CEO since the company’s inception in 2003. Medical Properties Trust is a real estate investment firm in the healthcare space.

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Alaska: William Bishop

  • Company: Alaska Communications Systems Group, Inc.
  • CEO Pay: $959,821
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Bishop was named interim CEO of the Alaskan telecommunications  and IT company in 2019.

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Arizona: Richard C. Adkerson

  • Company: Freeport-McMoran
  • CEO Pay: $15,742,249

Freeport-McMoran touts itself as the “world’s premier publicly traded copper company.” Adkerson has been named Best CEO in Metals and Mining by Institutional Investor magazine for eight years, rightfully earning his steep compensation. 

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Arkansas: C. Douglas McMillon

  • Company: Walmart Inc.
  • CEO Pay: $22,105,350

Walmart is the nation’s largest private employer. Its CEO, Doug McMillon, actually began his career there as a teen, when he was tasked with unloading trucks.

California: Sundar Pichai

  • Company: Alphabet Inc.
  • CEO Pay: $280,621,552

Sundar Pichai was named CEO of Alphabet Inc, in 2015, when Google reorganized their business structure, calling themselves Alphabet Inc., with Google as a subsidiary. The larger company expanded beyond Internet search and advertising into many tendrils of technology. 

Colorado: Gregory B. Maffei

  • Company: Liberty Media Corporation
  • CEO Pay: $44,045,070
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Gregory B. Maffei has served as CEO since 2007. Previously known as Liberty Interactive Corporation, this media conglomerate’s subsidiaries include Formula 1, SiriusXM and the Atlanta Braves.

Connecticut: William Stone

  • Company: SS&C Technologies Holdings, Inc.
  • CEO Pay: $21,620,325

SS&C Technologies Holdings is “the world’s largest hedge fund and private equity administrator, as well as the largest mutual fund transfer agency.”  William Stone founded it in 1986 and has served as CEO since.

Delaware: Herva Hoppenot

  • Company: Incyte Corporation
  • CEO Pay: $29,037,879

The Incyte Corporation is a biopharmaceutical group that specializes in cancer treatment. Prior to joining Incyte, Hoppenot served as the President of Novartis Oncology.

Florida: William Brown

  • Company: L3Harris Technologies, Inc.
  • CEO Pay: $29,037,879

L3Harris Technologies is an aerospace and defense technologies company. William “Bill” Brown has served as Chairman and CEO since 2019.

Georgia: Thomas Fanning

  • Company: Southern Company
  • CEO Pay: $6,011,668
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Fanning assumed his role as CEO in 2010. Southern Company is one of America’s largest gas and electric companies, which oversees around 200,000 miles of electric transmission and more than 80,000 miles of gas pipeline.

Hawaii: Robert Harrison

  • Company: First Hawaiian Bank
  • CEO Pay: $6,011,668

First Hawaiian Bank was named one of Forbes “Best Banks” 2021. Its CEO, Robert “Bob” Harrison, the company’s CEO since 2012, responded to the honor in a press release saying, “This achievement is particularly satisfying as it follows an exciting year that culminated in our successful transition to becoming a fully independent bank.”

Idaho: Daniel Walker

  • Company: The Pennant Group
  • CEO Pay: $18,278,564

The Pennant group spun off the original company, Ensign Group in 2019. The Pennant Group runs more than 50 home health agencies and and 60 hospice agencies and senior living communities.

Illinois: Donald Umpleby III

  • Company: Caterpillar Inc.
  • CEO Pay: $34,519,129

Founded in 1925, Caterpillar is one of the world’s top manufacturer of construction and mining equipment, including diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

Indiana: N.T. Linebarger

  • Company: Cummins
  • CEO Pay: $25,116,751

Cummins is an energy company that designs, manufactures, sells and services diesel and alternative fuel engines. Linebarger began working for the company while studying for his engineering degree at Stanford University.

Iowa: Daniel J. Houston

  • Company: Principal Financial Group
  • CEO Pay: $14,748,051

The financial investment group has $550.6 billion in assets under management that go toward supporting retirement plans and insurance policies. CEO Daniel Houston has been with the company for more than 30 years and received his bachelor’s degree from Iowa State University.

Kansas: Thomas C. Gentile

  • Company: Spirit AeroSystems Holdings
  • CEO Pay: $11,072,149

Spirit AeroSystems conceptualizes and constructs aerostructures for both commercial and military use. Its products include the Boeing 737 and the Sikorsky CH-53K helicopter. 

Kentucky: Bruce D. Broussard

  • Company: Humana
  • CEO Pay: $16,726,455

Humana is a health insurance company that covers needs such as dental, vision and medical. Its beneficiaries also include military personnel. Bruce Broussard took on his current role as CEO in 2011.

Louisiana: Jeff Storey

  • Company: CenturyLink
  • CEO Pay: $17,235,108

CenturyLink, part of Lumen Technologies, is a telecommunications company whose customer base covers over 60 countries. The company claims to be the “second largest U.S. communications provider to global enterprise customers” on their website. Jeff Storey took over the position of CEO in May 2018. 

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Maine: Jay Mazelsky

  • Company: IDEXX Laboratories, Inc.
  • CEO Pay: $7,419,335

IDEXX Laboratories, Inc. is a leading company in veterinary diagnostics, software, and water microbiology testing. Jay Mazelsky has been CEO since 2019.

Maryland: Martine Rothblatt

  • Company: United Therapeutics Corporation
  • CEO Pay: $45,635,037

United Therapeutics Corp. is a biotechnology company, focusing on products and services to help people with chronic illness such as cardiovascular diseases and cancer. Its CEO Martine Rothblatt is also its Founder. 

Massachusetts: H. Lawrence Culp Jr.

  • Company: General Electric Company
  • CEO Pay: $24,553,788

General Electric Company is one of the best known global digital industrial companies. Its products and services span many areas, from power generation (oil and gas), medical imaging, aviation, transportation and more. H. Lawrence “Larry” Culp Jr. has been CEO since 2018.

Michigan: Mary T. Barra

  • Company: General Motors Company
  • CEO Pay: $21,630,867

General Motors is an automobile manufacturer whose brands include Buick, Cadillac and Chevrolet. GM’s CEO, Mary Barra, has been leading the company since 2014, one of the few women to oversee a Fortune 500 company.

Minnesota: David Ossip

  • Company: Ceridian HCM Holding, Inc.
  • CEO Pay: $30, 180,957

Ceridian HCM Holding, Inc. is “a global human capital management software company” according to its website. The company went public in 2018.

Mississippi: Marshall Loeb

  • Company: EastGroup Properties, Inc.
  • CEO Pay: $4,733,252

EastGroup Properties, Inc. is a “self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States,” according to their website. Marshall Loeb has been CEO since 2016.

Missouri: Michael F. Neidorff

  • Company: Centene Corporation
  • CEO Pay: $26,438,425

The Centene Corporation is a health insurance company. Its Centene Book Series aims to educate children, some who are under the care of Centene, about diseases.

Montana: Kevin Riley

  • Company: First Interstate BancSystem, Inc.
  • CEO Pay: $2,534,373

First Interstate BancSystem, Inc. is the parent company of First Interstate Bank, which offers offering a full range of banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. Kevin Riley has served as CEO since 2015.

Nebraska: Lance M. Fritz

  • Company: Union Pacific Corporation
  • CEO Pay: $15,018,400

Union Pacific Corporation’s primary company Union Pacific Railroad is one of the top railroad franchises in America. The company operates 8,600 locomotives that traverse over 32,100 miles through 23 states. CEO Lance Fritz assumed his role in February 2015. Before arriving at Union Pacific, he was employed by Fiskars Inc., Cooper Industries and General Electric.  

Nevada: Barry Cottle

  • Company: Scientific Games Corporation
  • CEO Pay: $18,574,231

Headquarter in Las Vegas, Nevada, Scientific Games Corporation creates gambling products and services to organizations that engage in  lottery, gambling, social and digital services. Barry Cottle has served as CEO since 2018.

New Hampshire: Robert Eberle

  • Company: Bottomline Technologies (DE), Inc.
  • CEO Pay: $8,373,383

Bottomline Technologies (DE), Inc. offers payment and invoice solutions to corporations, financial institutions, and banks. According to the company website, “The Company’s solutions are used to streamline, automate, and manage processes involving payments, invoicing, global cash management, supply chain finance, and transactional documents.” Robert “Bob” Eberle has been CEO since 2006.

New Jersey: Michael O’Sullivan

  • Company: Burlington Stores, Inc.
  • CEO Pay: $31,056,597

Burlington Stores, Inc., formerly known as Burlington Coat Factory, was founded in 1924 as a wholesaler of ladies coats and juniors suits that grew exponentially in its many decades selling clothing and coats. As of 2019, the coat company took in revenue of over $7.3 billion. CEO Michael O’Sullivan took over in 2019.

New Mexico: Patricia K. Collawn

  • Company: PNM Resources
  • CEO Pay: $5,031,193

PNM Resources is a holding company that offers electricity-based services in New Mexico and Texas. Its two main utilities, PNM and TNMP, have approximately 2,580 megawatts of generation capacity between them, which is used to serve the residences and properties of more than 773,000 homes and businesses. CEO Patricia Collawn benefits from PNM Resources, as she resides in Albuquerque, N.M.

New York: James Dolan

  • Company: Madison Square Garden Sports Corp.
  • CEO Pay: $54,116,491

Madison Square Garden Sports Corp. is a sports corporation whose assets include major teams such as the New York Knicks (NBA) and the New York Rangers (NHL) among others. MSG Sports also runs two sports team performance centers – the MSG Training Center in  New York and the CLG Performance Center in Los Angeles. CEO James Dolan came on board in his role in 2015.

North Carolina: Bryan Moynihan

  • Company: Bank of America Corporation
  • CEO Pay: $26,039,213

Most people have heard of Bank of America, which is, according to its website, “one of the world’s leading financial institutions.” They offer a full range of banking, investing, asset management and other financial services to individuals and businesses. In addition to being CEO, Brian Boynihan serves on several key councils including the World Economic Forum International Business Council, the Bank Policy Institute, and the Federal Advisory Council of the Federal Reserve Board.

North Dakota: David L. Goodin

  • Company: MDU Resources Group
  • CEO Pay: $6,144,355

MDU Resources Group began as a small electricity service that was used by only a few farming communities between Montana and North Dakota. Today, the Bismarck-based company serves 48 states by providing electric and natural gas utilities, natural gas pipelines and construction materials and services. See if you’re getting the cheapest gas price in your state.

Ohio: W. Rodney McMullen

  • Company: The Kroger Co.
  • CEO Pay: $21,129,648

The Kroger Co., founded in 1883 by Barney Kroger in Cincinnati, Ohio, dubs itself “America’s Grocer.” Indeed, with an impressive 2,800 stores in 35 states, and annual sales of more than $121.1 billion, it’s a fair descriptor. McMullen was elected Chairman and CEO in 2015.

Oklahoma: Chad Richison

  • Company:  Paycom Software, Inc.
  • CEO Pay: $21,129,648

Paycom Software, Inc. is an HR services and payroll software company based in Oklahoma for big and small businesses. CEO Chad Richison was considered the highest paid CEO in 2020, but only on paper in the form of stocks earned.  

Oregon: William Furman

  • Company:  The Greenbrier Companies, Inc.
  • CEO Pay: $7,851,446

The Greenbrier Companies, Inc., whose headquarters are in Lake Oswego, Oregon, is “a leading international supplier of equipment and services to the freight rail transportation markets,” according to their website.Its CEO, William Furman, had planned to retire in 2020 but decided to hang on until 2022.

Pennsylvania: John Plant

  • Company:  Howmet Aerospace Inc.
  • CEO Pay: $51,712,578

Howmet Aerospace engineers metal products such as engines, fasteners, as well as wheels for the aerospace and defense industries and commercial transportation industries. John Plant is co-CEO with Tolga Oal.

Rhode Island: Scott C. Donnelly

  • Company: Textron
  • CEO Pay: $18,921,598

Textron has its finger in multiple industry pies, including aviation, defense and finances. Some of its brands include Bell, Cessna, Beechcraft, E-Z-GO and Jacobsen. CEO Scott Donnelly joined the company from the aviation side. He previously served as president and CEO for General Electric Aviation, a subsidiary of General Electric that produces aircraft for commercial and military use.

South Carolina: R. Chad Prashad

  • Company: World Acceptance Corporation
  • CEO Pay: $18,921,598

World Acceptance Corporation is a small-loan consumer finance business in 15 states and Mexico, according to Reuters. R. Chad Prashad has served as CEO since June, 2018.

South Dakota: Bradley Hanson

  • Company: Meta Financial Group, Inc.
  • CEO Pay: $4,155,523

Meta Financial Group, Inc. is the holding company for the financial services company MetaBank. (“Meta”). Meta provides innovative financial solutions “to consumers and businesses in under-served niche markets, and believes in financial inclusion for all,” According to their website.

Tennessee: Samuel Hazen

  • Company: HCA Healthcare, Inc.
  • CEO Pay: $26,788,251

HCA is a national healthcare provider, with over 180 hospitals and clinics and 2000+ “sits of care” across the country. Their CEO, Samuel Hazen, has been in the industry 38 years, and served as CEO since 2019.

Texas: Greg Garland

  • Company: Phillips 66
  • CEO Pay: $31,900,878

Phillips 66 is an energy manufacturing and logistics company. Their portfolio includes chemicals, refining, and marketing and specialities businesses. Additionally, they process, transport, store and market fuels and related products globally.

Utah: David Bywater

  • Company:  Vivint Solar, Inc.
  • CEO Pay: $8,988,301

Vivint Solar offers solar panel consulting, designing and installation. The company partnered with existing solar company SunRun in 2000 to bring solar to more households throughout Utah. Its CEO, David Bywater, was appointed in 2016.

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Vermont: John W. Casella

  • Company: Casella Waste Systems
  • CEO Pay: $2,721,590

Casella Wastes provides waste treatment and removal solutions for residencies, businesses and organizations. The company appears to be family-owned and run; two Casella brothers, John — the company’s CEO — and Doug, sit on the board of directors.

Virginia: Christopher Nassetta

  • Company: Hilton Worldwide Holdings, Inc.
  • CEO Pay: $21,374,121

The hospitality company, Hilton Worldwide Holdings, Inc. owns more than 18 “world-class brands comprising more than 6400 properties and more than one million rooms” according to their website. Christopher Nassetta has been CEO since 2007.

Washington: Satya Nadella

  • Company: Microsoft Corporation
  • CEO Pay: $42,910,215

If you haven’t heard of Microsoft, you’ve probably been living in the woods. The Microsoft  multinational technology company founded by Bill Gates, which brought us “Windows” is headquartered in Redmond, Washington. CEO Satya Nadella joined Microsoft in 1992 as an engineer and worked his way up to positions of greater importance until taking the reins as CEO in 2014.

West Virginia: Richard M. Adams

  • Company: United Bankshares
  • CEO Pay: $4,376,246

United Bankshares is a bank holding company with dual headquarters in both Washington, D.C., and Charleston, W.V. Under Adams’ guidance, United has acquired 31 other institutions and has grown into a company worth $19 billion.

Wisconsin: David Maura

  • Company: Spectrum Brands Holdings, Inc.
  • CEO Pay: $19,688,122

Spectrum Brands Holdings is a home-essentials company with “a mission to make living better at home,” according to their website. They claim to focus on “innovative products and solutions to consumers for use in and around the home.” CEO David Maura has been serving in his role since July 2018.

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Sean Dennison contributed to the reporting for this article. 

Methodology: GoBankingRates used the AFL-CIO’s Executive Paywartch data to find the highest-paid CEO in every state. Each CEO’s name, the company they are a part of and their most recently reported (either FY2019 or 2020) annual pay are provided. Total CEO pay includes: Salary, Bonus, Value of Stock Awards, Value of Options Awards, Non-Equity Incentive Plan Compensation, Change in Pension Value and Deferred Compensation Earnings, and All Other Compensation figures. GOBankingRates only looked at active CEOs. If the highest-paid CEO in a state according to the AFL-CIO report has since parted with the company, the next highest-paid CEO was identified. No data was available for Wyoming. All data was collected on and up to date as of April 26, 2021. 

Last updated: Jun. 1, 2021

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About the Author

Jordan Rosenfeld is a freelance writer and author of nine books. She holds a B.A. from Sonoma State University and an MFA from Bennington College. Her articles and essays about finances and other topics has appeared in a wide range of publications and clients, including The Atlantic, The Billfold, Good Magazine, GoBanking Rates, Daily Worth, Quartz, Medical Economics, The New York Times, Ozy, Paypal, The Washington Post and for numerous business clients. As someone who had to learn many of her lessons about money the hard way, she enjoys writing about personal finance to empower and educate people on how to make the most of what they have and live a better quality of life.

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