Laboratory Corp. of America Holdings CEO Adam Schechter's 2020 pay jumps 219% to $15M

Laboratory Corp. of America Holdings reports 2020 executive compensation

By ExecPay News

Published: April 2, 2021

Laboratory Corp. of America Holdings reported fiscal year 2020 executive compensation information on April 2, 2021.

In 2020, five executives at Laboratory Corp. of America Holdings received on average a compensation package of $5.7M, which is about the same as previous year.

Average pay of disclosed executives at Laboratory Corp. of America Holdings

Adam H. Schechter, Chief Executive Officer, received $15M in total, which increased by 219% compared to 2019. 55% of Schechter's compensation, or $8M, was in stock awards. Schechter also received $3.2M in non-equity incentive plan, $1.8M in option awards, $1.3M in salary, as well as $433K in other compensation.

For fiscal year 2020, the median employee pay was $41,670 at Laboratory Corp. of America Holdings. Therefore, the ratio of Adam H. Schechter's pay to the median employee pay was 354 to one.

GLENN A. EISENBERG, Chief Financial Officer, received a compensation package of $4.7M, which decreased by 47% compared to previous year. 47% of the compensation package, or $2.2M, was in stock awards.

Mark S. Schroeder, Executive Vice President, President Diagnostics, Laboratory Operations and Global Supply Chain, earned $3M in 2020, a 15% increase compared to previous year.

Paul R. Kirchgraber, Chief Executive Officer, received $3M in 2020.

Brian J. Caveney, Chief Medical Officer, earned $2.9M in 2020, a 15% decrease compared to previous year.