Laboratory Corp. of America Holdings CEO DAVID KING's 2019 pay rises 5% to $13M

Laboratory Corp. of America Holdings reports 2019 executive compensation

By ExecPay News

Published: April 1, 2020

Laboratory Corp. of America Holdings reported fiscal year 2019 executive compensation information on April 1, 2020.

In 2019, seven executives at Laboratory Corp. of America Holdings received on average a compensation package of $5.7M, a 6% decrease compared to previous year.

Average pay of disclosed executives at Laboratory Corp. of America Holdings

DAVID P. KING, Chief Executive Officer, received $13M in total, which increased by 5% compared to 2018. 59% of KING's compensation, or $7.7M, was in stock awards. KING also received $225K of change in pension value and nonqualified deferred compensation earnings, $1.8M in non-equity incentive plan, $1.8M in option awards, $1.2M in salary, as well as $170K in other compensation.

GLENN A. EISENBERG, Chief Financial Officer, received a compensation package of $8.8M, which increased by 157% compared to previous year. 79% of the compensation package, or $7M, was in stock awards.

Adam H. Schechter, Chief Executive Officer, earned $4.6M in 2019.

John D. Ratliff, Chief Executive Officer, received $4.6M in 2019, which decreases by 39% compared to 2018.

Brian J. Caveney, Chief Medical Officer, earned $3.5M in 2019.

LANCE V. BERBERIAN, Executive Vice President Chief Information and Technology Officer, received $2.7M in 2019.

Mark S. Schroeder, Executive Vice President, President Diagnostics Laboratory Operations and Global Supply Chain, earned $2.6M in 2019.