Sundar PichaiSundar Pichai earned $164M in 2023
P

James E. Rohr

Ex-CEO of PNC Financial Services

Education

Bachelor's degree from the University of Pittsburgh and an MBA from the Wharton School at the University of Pennsylvania

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1946 - 79 years ago

Economy Sector

Financial Services

Tenure

11 years 3 months (Jan 2000 - Apr 2011)

Previous Experience

President and Chief Executive Officer of PNC Bank, National Association

James E. Rohr is best known for his long tenure as the CEO of PNC Financial Services Group, where he served from 2000 to 2011. Under his leadership, PNC achieved significant earnings, including a milestone of $1 billion in 2003....

Year

2011

Total Compensation

$11.14M

Salary

$1.17M

Board Justification

PNC's compensation philosophy for the CEO in 2011 focused on aligning executive compensation with long-term shareholder value creation, paying for performance, and encouraging the focus on the long-term success of PNC while discouraging excessive risk-taking. The compensation structure was designed to reward measurable financial achievements and qualitative strategic objectives.

Bonus

$2.01M

Board Justification

The annual incentive award for 2011 performance was paid entirely in cash, reflecting the company's solid financial performance amidst a challenging environment. The bonus was determined based on a target of $6,500,000, with the actual payout being $6,825,000, which included the cash portion of $2,010,000.

Other

$197.02K

Board Justification

This includes the dollar value of matching contributions made by PNC to the ISP, net insurance premiums paid in connection with the Key Executive Equity Program, executive long-term disability premiums, and dividends accrued on salary paid in stock units.

Restricted Stock

$7.76M(122.36K Common Stock)

Board Justification

The vested stock includes shares of restricted stock granted previously, as well as the total units approved for payout in connection with previously granted incentive performance unit opportunities. These units paid out in shares for the target amount and cash for the amount above target.

Performance Metrics

The performance metrics for determining the CEO's compensation in 2011 included earnings per share growth, return on equity, pre-tax, pre-provision net income, and other qualitative achievements such as risk management and strategic positioning for future growth.