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Highest-paid CEOs
Ranked by total compensation in fiscal year 2017 for public companies headquartered in Central Mass.

Name
Total compensation
CEO pay ratio/
median employee salary (a)
Salary
Bonus
Non-equity incentive plan compensation
Option awards
Stock awards
Other annual compensation
1Ernie Herrman, president & CEO
The TJX Cos. Inc., Framingham
$16,880,171 (b)
1,501:1
$11,243 (c)
$1,619,232
---
$3,069,753
$618,910
$9,000,001
$1,286,199 (d)
2Michael F. Mahoney, chairman, president & CEO
Boston Scientific Corp., Marlborough
$13,084,452
205:1
$63,696
$1,179,452
---
$1,890,000
$2,249,995
$7,225,607
$417,144 (d)
3Christopher J. O'Connell, president & CEO
Waters Corp., Milford
$7,599,988
100:1
$75,696
$894,202
---
$1,063,824
$3,849,973
$1,649,850
---

Source: The U.S. Securities and Exchange Commission proxy statements. Notes: N/A = not applicable. Following the $6.9 billion acquisition by N.Y., New York-based Sycamore Partners, Framingham's Staples Inc. is no longer a public company. Fiscal year 2017 filing for Ayer's AMSC was not available by press time.
(a) New disclosure requirement is a component of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act; see company filings for details on how pay ratio and median compensation were calculated.
(b) For fiscal year ended Jan. 31, 2018
(c) For purposes of this estimate, median employee was a part-time hourly retail store associate.
(d) Change in pension value and non-qualified deferred compensation earnings
- Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com
Copyright 2017 New England Business Media