Sundar PichaiSundar Pichai earned $164M in 2023
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Theodore M. Solso

Ex-CEO of Cummins

Education

Bachelor's degree in Business and Management from Indiana University

Field of Expertise

Business & Management

Born

August 20, 1948 - 76 years ago

Economy Sector

Industrials

Tenure

11 years 11 months (Jan 2000 - Dec 2011)

Previous Experience

President of Cummins Inc.

Theodore M. Solso, born on August 20, 1948, has a strong background in business and management, earning his Bachelor's degree from Indiana University. He served as CEO of Cummins Inc. from 2000 to 2011, leading the company through a transformative...

Year

2011

Total Compensation

$12.00

Salary

$1.00

Board Justification

The compensation philosophy aligns with company performance and includes benchmarking against peers to ensure competitive pay and retention of key executives.

Bonus

$2.00

Board Justification

The bonus is based on the company's performance metrics and is paid out annually based on the achievement of specific financial targets.

Other

$5.00

Board Justification

Other compensation includes retirement contributions and other benefits provided to the CEO.

Restricted Stock

$4.00(3 RSU)

Board Justification

The vested stock consists of performance-based restricted stock units that were earned based on the company's performance in 2011.

Performance Metrics

The performance metrics for determining the CEO's compensation included revenue growth, operating income, and return on equity.