What Michigan CEO Earned More Than $54 Million in 2012?

The average chief executive at a publicly traded Michigan earns more than $7 million annually – 171 times the $40,898 salary paid earned by the average worker in the state, and 455 times more than the average $15,392 salary paid to full-time minimum-wage workers, the AFL-CIO’s 2014 Executive PayWatch shows.

The analysis tracks the most recent salaries available for S&P 500 Index companies.

Nationally, the highest paid chief executives were Lawrence J. Ellison of Oracle Corp. and Elon Musk of Telsa Motors Inc., who were paid $78,440,657 and $78,150,010, respectively.

Topping the Michigan list was Southfield-based Credit Acceptance Corp. CEO Brett A Roberts. The company, which brokers care financing to auto dealerships throughout the United States,had $253 million in net income on $682 MIllion in revenues in its 2013 full year.

Here are the top 20 salaries in Michigan’s publicly traded companies:

1. Brett A. Roberts, Credit Acceptance Corp., Southfield: $54,282,500 (2012)
2. John C. Plant, TRW Automotive Holdings Corp., Livonia, $24,466,286 (2013)
3. Alan Mulally, Ford Motor Co., Dearborn, $23,204,534 (2013)
4. Andrew N. Liveris, Dow Chemical, Midland, $20,452,877 (2013)
5. Jose Maria Alapont, Federal-Mogul Corp., Southfield, $18,988,692 (2012)
6. Timothy D. Leuliette, Visteon Corp., Van Buren Township, $17,046,075 (2012)
7. Jeff M. Fettig, Whirlpool Corp., Benton Harbor, $14,705,805 (2013)
8. Ronald J. Dugas Jr., Pultegroup Inc., Bloomfield Hills, $13,928,859 (2013)
9. Daniel F. Akerson, General Motors Co., Detroit, $11,102,808 (2012)
10. Matthew J. Simoncini, Lear Corp., Southfield, $10,802,368 (2013)
11. J. Patrick Doyle, Domino’s Pizza, Ann Arbor $9.548,617 (2013)
12. Timothy Wadhams, Masco Corp., Taylor, $9,218,460 (2013)
13. Gerald M. Anderson, DTE Energy,  Detroit, $9,147,821 (2013)
14. Joseph L. Welch, ITC Holdings Corp., Novi, $8,798,195 (2013)
15. Kevin A. Lobo, Stryker Corp., Kalamazoo, $8,436,919 (2013)
16. John G. Russell, CMS Energy Corp., Jackson, $8,274,111 (2012)
17. James R. Verrier, Borgwarner Inc., Auburn Hills, $8,146,556 (2013)
18. Blake W. Krueger, Wolverine World Wide, Rockford, $8,037,287 (2013)
19. John Bryant, Kellogg Inc., Battle Creek, $7,963,872 (2013)
20. David C. Dauch, American Axle & Mfg. Holdings, Detroit, $6,330,397 (2013)

See the full list here. >>>