Ohio CEOs make 290 times more than average worker: See what they earn


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The top leadership of Ohio companies bring in an average of 290 times more than the average worker, according to a new report.

A report by the American Federation of Labor and Congress of Industrial Organizations found that the average chief executive officer of an Ohio S&P 500 company made about $10.9 million per year in 2016. The average production and non-supervisory worker earned approximately $37,600 per year.

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The report includes an online, search-able online database on the Executive PayWatch website. The top paid CEO in Ohio is Richard Kramer, the CEO of The Goodyear Tire & Rubber Company, who made $19.8 million in 2016.

Other Ohio leaders also made more than $10 million. Procter & Gamble’s David Taylor made more than $14 million in 2016, while Macy’s Terry Lundgren made $13.5 million last year.

Some leaders of companies with a local presence also made more than $ million. Michael Glimcher of Washington Prime Group, which owns and operates the Mall at Fairfield Commons and Dayton Mall, made $14.4 million in 2016.

Kroger, which is headquartered in Cincinnati and employs 8,1000 employees in the Dayton region, paid its CEO W. Rodney McMullen $11.7 million in 2015. That was more than Victor Lund of Teradata Corp., who made $9.3 million in 2016 and Roger Newport, CEO of AK Steel Holding Corp., who made $5.9 million last year.

CompanyCEOYearCompensationSort ascending
The Goodyear Tire & Rubber CompanyRichard J. Kramer2016$19,798,104
Transdigm GroupW. Nicholas Howley2016$18,650,700
Marathon Petroleum CorporationGary R. Heminger2016$16,555,808
L BrandsLeslie H. Wexner2016$14,773,844
Procter & Gamble CompanyDavid Taylor2016$14,404,653
Washington Prime GroupMichael P. Glimcher2016$14,143,658
FirstEnergy CorporationCharles E. Jones2016$14,117,391
WelltowerThomas J. Derosa2016$13,734,354
Cardinal HealthGeorge S. Barrett2016$13,661,087
Macy'sTerry J. Lundgren2016$13,483,606
RPM InternationalFrank C. Sullivan2016$12,537,773
Kroger CompanyW. Rodney McMullen2015$11,746,391
American Electric Power CompanyNicholas K. Akins-2016$11,472,740
Parker-Hannifin CorporationThomas L. Williams2016$10,786,328
Big LotsDavid J. Campisi2016$9,799,527
American Financial GroupS. Craig Lindner2016$9,752,845
Sherwin-Williams CompanyJ. G. Morikis2016$9,647,808
Cliffs Natural ResourcesLourenco Goncalves2016$9,536,481
VantivCharles Drucker2016$9,501,439
DanaJames K. Kamsickas2016$9,365,339
Teradata CorporationVictor Lund2016$9,313,547
Cedar Fair, L.P.Matthew A. Ouimet2015$9,291,314
Owens CorningMichael H. Thaman2016$8,946,268
Huntington BancsharesStephen D. Steinour2016$8,931,612
Scotts Miracle-Gro CompanyJames Hagedorn2016$8,502,466
Wendy's CompanyEmil J. Brolick2015$8,278,246
Cooper Tire & Rubber CompanyRoy V. Armes2016$8,193,259
KeyCorpBeth E. Mooney2016$8,167,203
Fifth Third BancorpGreg D. Carmichael2016$7,555,081
Cintas CorporationScott D. Farmer2016$7,486,774
Mettler-Toledo InternationalOlivier A. Filliol2016$7,328,609
A. SchulmanBernard Rzepka2016$7,267,726
J.M. Smucker CompanyRichard K. Smucker2016$7,241,597
ExpressDavid Kornberg2015$7,181,406
Owens-IllinoisAndres A. Lopez2016$6,938,506
Progressive CorporationSusan Patricia Griffith2016$6,864,146
Lincoln Electric HoldingsChristopher L. Mapes2016$6,696,609
Timken CompanyRichard G. Kyle2016$6,644,743
Chemed Corp.K.J. McNamara2016$6,541,329
Nordson CorporationMichael F. Hilton2016$6,428,849
NACCO IndustriesAlfred M. Rankin2016$6,388,646
Abercrombie & Fitch CompanyJonathan E. Ramsden2015$6,156,269
Diebold NixdorfAndreas W. Mattes2016$5,966,752
AK Steel Holding CorporationRoger K. Newport2016$5,944,407
Forest City Realty TrustDavid J. Larue2015$5,627,411
Convergys CorporationAndrea J. Ayers2016$5,401,440
Ferro CorporationPeter T. Thomas2016$5,393,938
Park-Ohio Holdings Corp.Edward F. Crawford2016$5,051,904
M/I HomesRobert H. Schottenstein2016$4,862,458
STERIS plcWalter M Rosebrough2015$4,503,893
AtriCureMichael H. Carrel2015$4,484,111
Timken Steel CorporationWard J. Timken2016$4,467,849
TFS Financial CorporationMarc A. Stefanski2016$4,464,105
Cincinnati Financial CorporationSteven J. Johnston2016$4,249,903
Worthington IndustriesJohn P. McConnell2016$4,152,472
DDR Corp.Thomas F. August2016$4,132,296
Invacare CorporationMatthew E. Monaghan2016$4,091,621
Chart IndustriesSamuel F. Thomas2016$4,076,517
LibbeyStephanie A. Streeter2016$3,976,348
The AndersonsPatrick E. Bowe2016$3,916,330
E.W. Scripps CompanyRichard A. Boehne2016$3,839,146
PolyOne CorporationRobert M. Patterson2016$3,805,171
Cincinnati BellTheodore H. Torbeck2016$3,708,115
Greif Bros. CorporationPeter G. Watson2016$3,476,597
Applied Industrial TechnologiesNeil A. Schrimsher2016$3,354,939
Diamond Hill Investment GroupChristopher M. Bingaman2016$3,298,960
Preformed Line Products CompanyRobert G. Ruhlman2016$3,185,852
Hyster-Yale Materials HandlingAlfred M. Rankin2016$2,808,832
CBIZJerome P. Grisko2016$2,502,847
Myers IndustriesR. David Banyard2016$2,438,631
StoneridgeJonathan B. Degaynor2016$2,392,377
Air Transport Services GroupJoseph C. Hete2016$2,257,246
First Financial Bancorp.Claude E. Davis2015$2,181,783
ViewRayChris A. Raanes2015$1,846,325
Park National CorporationDavid L. Trautman2016$1,845,083
Commercial Vehicle GroupPatrick E. Miller2016$1,767,808
LSI IndustriesDennis W. Wells2016$1,744,703
State Auto Financial CorporationMichael E. Larocco2016$1,693,319
REX American Resources CorporationZafar Rizvi2015$1,692,947
DSWRoger L. Rawlins2016$1,642,497
Lancaster Colony CorporationJohn B. Gerlach2016$1,512,858
Advanced Drainage SystemsJoseph A. Chlapaty2016$1,431,675
Meridian BioscienceJohn A. Kraeutler2016$1,358,430
CECO Environmental Corp.Jeffrey Lang2016$1,322,236
Core Molding TechnologiesKevin L. Barnett2016$1,239,729
Fairmount Santrol HoldingsJenniffer D. Deckard2016$1,044,405
Multi-Color CorporationVadis A. Rodato2016$1,037,603
Installed Building ProductsJeffrey W. Edwards2015$990,051
OMNOVA SolutionsAnne P. Noonan2016$979,357
Farmers National Banc Corp.Kevin J. Helmick2016$961,866
First Defiance Financial Corp.Donald P. Hileman2016$954,207
Olympic SteelMichael D. Siegal2016$953,984
Milacron Holdings Corp.Thomas Goeke2016$941,506
AthersysGil Van Bokkelen2015$921,167
Bob Evans FarmsSaed Mohseni2016$795,576
United Community Financial Corp.Gary M. Small2016$776,765
Peoples BancorpCharles W. Sulerzyski2016$740,339
Gorman-Rupp CompanyJeffrey S. Gorman2016$702,222
Bravo Brio Restaurant GroupSaed Mohseni2015$559,415
LCNB CorporationSteve P. Foster2016$539,552
National Interstate CorporationDavid W. Michelson2015$490,162
Navidea BiopharmaceuticalsRicardo J. Gonzalez2015$487,693
Workhorse GroupStephen S. Burns2015$386,900
SIFCO IndustriesPeter W. Knapper2016$102,223

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