Exelon Corp. said Tuesday that its executive compensation package received an advisory OK from three-quarters of shareholder votes during the annual meeting, which the Chicago energy company held in Baltimore.
The CEO pay disclosed this year by the 20 largest publicly traded companies in the Baltimore region offers plenty of fodder — as it does every year — to steam the ranks of workers with paychecks that barely budge.
The subject of the hearing was "Investing in an Effective Workforce." But as the meeting unfolded Wednesday in a wood-paneled room in the Dirksen Senate Office Building, it became a celebration of Sen. Daniel Akaka's advocacy for federal employees.
Shareholders elected four people to Legg Mason's board of directors and approved a $4.9 million pay package for Chairman and CEO Mark R. Fetting at the Baltimore-based investment firm's annual meeting Tuesday morning.
Mayo A. Shattuck IlI -- who successfully engineered the sale of Constellation Energy Group to Chicago-based Exelon Corp. – took in $17.3 million in total compensation last year, a nearly 11 percent increase from 2010.
Sinclair Broadcast Group's chief executive David D. Smith earned $4.2 million last year, a 16 percent increase that included more than $2 million in stock option awards, the Hunt Valley-based broadcaster reported.
Even after Stanley Black & Decker shareholders rejected the tool and security company's executive pay plan last spring, the company paid Nolan D. Archibald, its chairman and the former CEO of Black & Decker, a total of $64.4 million in 2011.
Stevenson University president Kevin J. Manning ranked among the highest paid private college presidents in the country in 2009, according to a salary survey released Monday by The Chronicle of Higher Education.