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...

Current Market Cap

$50.69B

Number of Employees

16.5K

Total Compensation

2000 - 2004

Trending up by 2.27% last year
Showing total compensation for the last 2000 - 2004

Stock

Up by 0.00% last year

Salary

Up by 2.72% last year

Bonus

Up by 1.18% last year

Other

Up by 0.00% last year

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.

SEC Filing

From August 31, 2005