Freeport-McMoRan boss was top-paid CEO in Arizona in 2017

PHOENIX — The head of a Phoenix-based Fortune 500 company was the top-paid CEO in Arizona in 2017, according to an Associated Press analysis.

Richard C. Adkerson was paid $16.2 million to run energy company Freeport-McMoRan in 2017.

The Associated Press and executive data firm Equilar identified the highest-paid CEO in each state.

Total compensation was determined by adding salary, bonus, stock awards, stock option awards, deferred compensation and other benefits and perks.

The survey covered publically traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between Jan. 1 and April 30.

The top-paid CEO in the U.S. was Georgia’s Frank J. Bisignano, who raked in a whopping $102.2 million from financial data services company First Data.

The typical CEO in the Standard & Poor’s 500 index made $11.7 million last year.

Earlier this week, Freeport-McMoRan landed at No. 176 on the 2018 Fortune 500, which ranks U.S. companies based on their revenues from the previous year.

Adkerson, the company’s CEO since 2003, also represented Arizona on the list in 2016, when he made $14 million. Don Slager of Republic Services was tops in the state in 2015 with $10.9 million.

Freeport-McMoRan has been in the Fortune 500 for 13 years and has more than 25,000 employees globally.

The company, which mines copper, gold and molybdenum, reported $16.4 billion in revenue in 2017. It is the world’s largest publicly traded copper producer.

Here is the complete state-by-state top-paid CEO list:

Alabama: O. B. Grayson Hall Jr., Regions Financial, $9.4 million (Hall is stepping down in July.)

Arkansas: C. Douglas McMillon, Walmart, $22.8 million

Arizona: Richard C. Adkerson, Freeport-McMoRan, $16.2 million

California: Michael Rapino , Live Nation Entertainment, $70.6 million

Colorado: Gregory B. Maffei, Liberty Media & Qurate Retail Group, $67.6 million

Connecticut: Mark T. Bertolini, Aetna, $18.7 million

Washington, D.C.: Thomas P. Joyce, Danaher, $14.8 million

Delaware: Hervé Hoppenot, Incyte, $16.1 million

Florida: Brian D. Jellison, Roper Technologies, $29.2 million

Georgia: Frank J. Bisignano, First Data, $102.2 million

Hawaii: Constance H. Lau, Hawaiian Electric Industries, $5.4 million

Iowa: Daniel J. Houston, Principal Financial Group, $9.4 million

Idaho: Thomas K. Corrick , Boise Cascade , $4.1 million

Illinois: Debra A. Cafaro, Ventas, $25.3 million

Indiana: N. Thomas Linebarger, Cummins, $13.2 million

Kansas: Michael J. Brown, Euronet Worldwide, $3.9 million

Kentucky: Scott L. Thompson, Tempur Sealy International, $18 million

Louisiana: Glen F. Post III, CenturyLink, $14.3 million (Post retired at the company’s annual meeting, which was on Wednesday.)

Massachusetts: Stephen Kaufer, TripAdvisor, $43.2 million

Maryland: David M. Zaslav, Discovery Communications, $42.2 million

Maine: Melissa D. Smith, WEX, $10.8 million

Michigan: Mary T. Barra, General Motors, $21.9 million

Minnesota: James M. Cracchiolo, Ameriprise Financial, $22.4 million

Missouri: Michael F. Neidorff, Centene, $25.3 million

Mississippi: Joe F. Sanderson Jr., Sanderson Farms, $6.6 million

North Carolina: Brian T. Moynihan, Bank of America, $21.4 million

North Dakota: David L. Goodin, MDU Resources Group, $3.7 million

Nebraska: Lance M. Fritz, Union Pacific, $11.3 million

New Hampshire: Timothy McGrath, PC Connection, $1.6 million

New Jersey: Alex Gorsky, Johnson & Johnson, $23 million

New Mexico: Patricia K. Collawn, PNM Resources, $4.4 million

Nevada: Stephen A. Wynn, Wynn Resorts, $34.5 million (Wynn left the CEO position in February.)

New York: Leslie Moonves, CBS, $68.4 million

Ohio: W. Nicholas Howley, TransDigm Group, $61 million

Oklahoma: Robert D. Lawler, Chesapeake Energy, $14.9 million

Oregon: Bryan B. DeBoer, Lithia Motors, $5.9 million

Pennsylvania: Brian L. Roberts, Comcast, $32.5 million

Rhode Island: Scott C. Donnelly, Textron, $13.1 million

South Carolina: John D. Williams, Domtar, $7 million

South Dakota: David R. Emery, Black Hills, $3.4 million

Tennessee: Mark J. Costa, Eastman Chemical, $14 million

Texas: Randall L. Stephenson, AT&T, $25.6 million

Utah: Harris H. Simmons, Zions, $3.2 million

Virginia: Phebe N. Novakovic, General Dynamics, $21.2 million

Washington: John J. Legere, T-Mobile US, $23.6 million

Wisconsin: Jonas Prising, ManpowerGroup Inc., $12 million

The Associated Press contributed to this report.

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