Comerica CEO Ralph Babb's 2018 pay slips 17% to $10.0M
Comerica reports 2018 executive compensation
Published: March 12, 2019
Comerica reported fiscal year 2018 executive compensation information on March 12, 2019.
In 2018, six Comerica executives received on average a compensation package of $3.7M, a 20% decrease compared to previous year.Average pay of disclosed executives at Comerica
Ralph W. Babb, Jr, Chief Executive Officer, received $10M in total, which decreased by 17% compared to 2017. 37.96% of Babb's compensation, or $3.8M, was in stock awards. Babb also received $1.5M of change in pension value and nonqualified deferred compensation earnings, $3M in non-equity incentive plan, $429K in option awards, $1.3M in salary, as well as $11K in other compensation.
Curtis C. Farmer, President, Comerica Incorporated and Comerica Bank, received a compensation package of $4M, which increased by 11% compared to previous year. 39.79% of the compensation package, or $1.6M, was in non-equity incentive plan.
John D. Buchanan, Chief Legal Officer, earned $2.3M in 2018, a 12% increase compared to previous year.
Muneera S. Carr, Chief Financial Officer, received $2.2M in 2018.
Michael H. Michalak, Former Executive Vice President and Chief Risk Officer, Comerica Incorporated and Comerica Bank, earned $2.2M in 2018, a 4% decrease compared to previous year.
David E. Duprey, Chief Financial Officer, received $1.2M in 2018, which decreases by 55% compared to 2017.