Invesco (IVZ) and Northern Trust paid their CEOs the most as a percentage of net income in both 2016 and 2015, relative to a group of their largest peers. The increase in Invesco CEO Mark Flanagan's pay as a percentage of net income is a bit deceiving. Mr. Flanagan's total compensation decreased 8% in 2016 while the firm's net income over the period dropped by 11.8%. In the case of Northern Trust's CEO, Frederick H. Waddell, his pay declined by 12.5%, while the company's income increased 5.4%.
Despite being the most profitable company on the list, J.P. Morgan Chase paid CEO Jamie Dimon the lowest proportion of its net income and had the smallest variance between 2015 and 2016. Mr. Dimon also had the largest annual compensation among the executives surveyed.
Compensation numbers include salary, cash and stock bonuses, as well as long-term performance awards.