Sundar PichaiSundar Pichai earned $164M in 2023
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B. Thomas Golisano

Founder and Ex-CEO of Paychex

Education

N/A

Field of Expertise

Business & Management

Born

November 14, 1938 - 86 years ago

Economy Sector

Industrials

Tenure

25 years 9 months (Jan 1979 - Oct 2004)

Previous Experience

Founder of Paychex, Inc.

B. Thomas Golisano is the founder of Paychex and has played a key role in its growth since starting the company in 1971. He served as the CEO until 2004 and has been on the board ever since. His significant...

Year

2004

Total Compensation

$1.12M

Salary

$797.69K

Board Justification

The compensation philosophy is designed to be competitive with companies of similar size and performance, reward exceptional individual performance, and align the interests of executive officers with the interests of the stockholders.

Bonus

$313.33K

Board Justification

The bonus was determined based on the Company’s Officer Incentive Plan, which ties bonuses to the Company’s annual revenue and operating income growth.

Other

$6.00K

Board Justification

Other compensation includes the Company’s matching contributions under the Paychex, Inc. 401(k) Incentive Retirement Plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2004 as no stock grants were made that year.

Performance Metrics

The performance metrics for determining the CEO's compensation were based on the Company's annual revenue and operating income growth.