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ADP Exec Pay Varied for 2017

Carlos Rodriguez, ADPPay for named executives for Automatic Data Processing showed no real pattern for the year ended July 31. Overall compensation for CEO Carlos Rodriguez dropped to $10.6 million for the year just ended, down 2 percent $10.6 million for fiscal 2016. 

The company did give all five executives an increase in base salary. Rodriguez's base rose to $1,030,000 from $1 million. But a big decrease came in the change in pension value and nonqualified deferred compensation earnings. For Rodriguez, that category dropped to $806,428 for fiscal 2017, down 65 percent from $2.3 million the prior year. The CEO made up ground in the value of stock grants, which hit $4,350,006 for the last year, a 31.1 percent increase from $3,318,779 for 2016.

Pension/deferred compensation earnings fell for all the executives. CFO Jan Sigmund had 2017 compensation of $3.9 million, an 8.3-percent decline from $4.2 million, most of that stemming from a drop of 57.9 percent in the pension/deferred compensation category to $350,958 for the most recently ended year from $833,052 the prior year.

Edward B. Flynn president of Global Enterprise Solutions, had the best year with a 2017 total of $4.5 million, rising 75.2 percent from $2.6 million the prior year. His boost came from stock awards of $2.7 million, a sharp increase from $566,948 for 2016. The increase represented a rebound as in 2015. Flynn had a $1.9-million stock grant.

Michael A. Bonarti, general counsel and secretary, had 2017 compensation of $2.3 million, a decline of 2.8 percent from 2016's $2.2 million. Dermot J. O'Brien, chief resource officer, also saw a drop in compensation. His total fell to $2.2 million, down 15.2 percent from $2.6 million.

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