Corning CEO Wendell Weeks' 2020 pay jumps 33% to $19M
Corning reports 2020 executive compensation
By ExecPay News
Published: March 18, 2021
Corning reported fiscal year 2020 executive compensation information on March 18, 2021.
In 2020, five Corning executives received on average a compensation package of $8.2M, a 26% increase compared to previous year.
Average pay of disclosed executives at Corning
Wendell P. Weeks, Chief Executive Officer, received $19M in total, which increased by 33% compared to 2019. 44% of Weeks' compensation, or $8.4M, was in stock awards. Weeks also received $1.3M of change in pension value and nonqualified deferred compensation earnings, $7.5M in non-equity incentive plan, $151K in option awards, $1.2M in salary, as well as $351K in other compensation.
For fiscal year 2020, the median employee pay was $56,791 at Corning. Therefore, the ratio of Wendell P. Weeks' pay to the median employee pay was 334 to one.
Eric S. Musser, Chief Operating Officer, received a compensation package of $5.8M. 45% of the compensation package, or $2.6M, was in stock awards.
Lawrence D. McRae, Chairman, earned $5.7M in 2020, a 18% increase compared to previous year.
James P. Clappin, Chairman, received $5.5M in 2020, which increases by 22% compared to 2019.
R. Tony Tripeny, Chief Financial Officer, earned $5.4M in 2020, a 18% increase compared to previous year.
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Source: SEC filing on March 18, 2021.