Sharp declines in non-equity incentive compensation for Paychex’s named executives pushed salaries down for four of five leaders for the year ended May 31. Only Martin Mucci, CEO of the payroll services company, received an increase over fiscal 2019 and that was 1.7 percent.
Mucci received $8.1 million for the most recently ended year, a rise from $7.9 million the prior year. Mucci received incentive pay of $768,900 for fiscal 2020, down sharply from $1.7 million the prior year.
CFO Ethan Rivera made $2.2 million last year, a decline of 7.1 percent from $2.4 million the prior year.
Mark Bottini, SVP of sales, received $1.5 million in 2020 compensation, down 6.1 percent from slightly less than $2 million. The company gave John Gibson, SVP of services, was given $1.85 million last year, a drop of 6.1 percent from $1.96 million. Michael Gioja, SVP of information technology and product development had $1.87 million in pay for the last fiscal year, a decline of 8.2 percent from slightly more than $2 million the prior year.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Tuesday, 08 September 2020
