Sundar PichaiSundar Pichai earned $164M in 2023
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Larry D. De Shon

Ex-CEO of Avis Budget Group

Education

Bachelor's degree in Business Administration from the University of Michigan

Field of Expertise

Business & Management

Born

January 1, 1959 - 66 years ago

Economy Sector

Industrials

Tenure

4 years 11 months (Jan 2015 - Dec 2019)

Previous Experience

Various roles at United Airlines

Larry D. De Shon served as the CEO and President of Avis Budget Group from 2015 to 2019. During his time, he led the company through various performance challenges, focusing on aligning executive pay with the company's financial goals. His...

Year

2019

Total Compensation

$10.53M

Salary

$1.20M

Board Justification

The compensation philosophy emphasizes pay-for-performance alignment, with a significant portion of the CEO's pay being performance-based, reflecting the company's financial performance and individual contributions.

Bonus

$0.00

Board Justification

No bonus was awarded for 2019 as the performance-based metrics were not met.

Other

$7.73M

Board Justification

This includes cash severance payments of $6,000,000 and an additional $1,500,000, as well as other benefits and perquisites provided under the separation agreement.

Restricted Stock

$1.60M(47.96K RSU)

Board Justification

The stock awards that vested in 2019 were restricted stock units (RSUs) that were granted in prior years and were scheduled to vest based on continued service.

Performance Metrics

The performance metrics for 2019 included Adjusted EBITDA and Adjusted Free Cash Flow, which were key measures of operational and financial performance.