Kevin Burke was the CEO of Consolidated Edison, Inc., a major utility company, from 2005 until his retirement in 2013. Burke has had a significant impact on the company during his tenure, with a focus on aligning executive compensation with...
Kevin Burke was the CEO of Consolidated Edison, Inc., a major utility company, from 2005 until his retirement in 2013. Burke has had a significant impact on the company during his tenure, with a focus on aligning executive compensation with performance metrics, ensuring accountability, and enhancing shareholder value. His compensation varied over the years, peaking at around $12.6 million in 2011, mainly from salary and stock options related to performance metrics. Notably, no bonuses were awarded in 2010, but he received substantial performance bonuses in other years, reflecting the company's operational success. Under his leadership, the company faced numerous challenges but continued to innovate in the utility sector. Interestingly, Burke engaged in insider trading activities, with reported values fluctuating between $5.2 million and $9 million on average, reflecting his significant stake in the company. His career in the utility field and strategic decisions shaped Con Edison’s direction, balancing operational efficiency with shareholder interests. With a birth year of 1960, Burke led with a clear understanding of the industry's dynamics, paving the way for future growth and sustainability at Con Edison.