Sundar PichaiSundar Pichai earned $164M in 2023
A

Jay C. Horgen

CEO of Affiliated Managers Group

Field of Expertise

Business & Management

Economy Sector

Financial Services

Current Tenure

5 years 8 months (May 2019 - Present)

Previous Experience

Various roles at Affiliated Managers Group, including President and Chief Financial Officer

Jay C. Horgen is the President and CEO of Affiliated Managers Group (AMG), a leading investment management firm. He took over as CEO in May 2019 as part of a planned transition after many years in key roles at the...

Year

2023

Total Compensation

$11.85M

Salary

$750.00K

Board Justification

The compensation program is designed to align management incentives with long-term stockholder interests, focusing on attracting, retaining, and motivating key members of senior management while avoiding excessive risk-taking.

Bonus

$4.81M

Board Justification

Performance-based cash bonuses awarded in recognition of performance in 2023, determined using the Performance Assessment scorecard and framework, applying a formulaic score to Target Total Payout levels set based on peer benchmarking.

Other

$66.82K

Board Justification

Other compensation consisted of contributions to a 401(k) profit-sharing or similar pension plan, medical benefits, life and long-term disability insurance premiums, and tax preparation services.

Restricted Stock

$6.23M(6.23M RSU)

Board Justification

The value of the stock awards that vested in 2023, which were granted in recognition of performance in 2022, and are tied to the achievement of rigorous pre-established performance targets.

Performance Metrics

Performance metrics include Annual Management Fee EBITDA, Annual Economic Earnings per Share (EEPS), Total Stockholder Return (TSR), and AUM Contribution from Selected Strategic Target Areas.