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Olympia J. Snowe

T. Rowe CEO's compensation rises in 2014

T. Rowe CEO's compensation rises in 2014

T. Rowe Price Group CEO and President James A.C. Kennedy took home about $8.9 million in compensation last year after a boost in his incentive pay, according to the company's annual proxy filing with the U.S. Securities and Exchange Commission.

The Baltimore-based money management firm paid Kennedy a $350,000 base salary and $1.5 million in stock and option awards. His cash bonus was $7 million, up from $6.5 million the year before. He also received about $81,000 in other compensation. He earned $8.5 million in 2013.

Chairman and Chief Investment Officer Brian C. Rogers' compensation in 2014 was down slightly to $8.6 million from $8.65 million in 2013.

T. Rowe's earnings...