Ares Management CEO Michael Arougheti's 2018 pay jumps 473% to $34M
Ares Management reports 2018 executive compensation
By ExecPay News
Published: April 9, 2019
Ares Management reported fiscal year 2018 executive compensation information on April 9, 2019.
In 2018, five executives at Ares Management received on average a compensation package of $21M, a 10% decrease compared to previous year.
Michael J Arougheti, Chief Executive Officer, received $34M in total, which increased by 473% compared to 2017. 77% of Arougheti's compensation, or $26M, was in stock awards. Arougheti also received $7.8M in other compensation.
For fiscal year 2018, the median employee pay was $176,588 at Ares Management. Therefore, the ratio of Michael J Arougheti's pay to the median employee pay was 194 to one.
David B. Kaplan, Co-Founder, received a compensation package of $22M, which decreased by 43% compared to previous year. 100% of the compensation package, or $22M, was in other compensation.
Bennett Rosenthal, Co-Founder, earned $22M in 2018, a 43% decrease compared to previous year.
Antony P. Ressler, Co-Founder, received $22M in 2018, which decreases by 33% compared to 2017.
Michael R. McFerran, Chief Financial Officer, earned $7.9M in 2018, a 71% increase compared to previous year.