How Much the CEOs at 14 Public Waste Companies Made in 2014
Updated: The figures have been adjusted and appended to clarify the compensation breakdowns by salary, bonuses, options and other compensation received. All figures are from company SEC filings.
Like every segment of business, the waste, recycling and environmental industry's top CEOs are well compensated.
The industry's economic factors have been doing well, and there's optimism for the future, according to the National Waste & Recycling Association's latest quarterly report on business conditions. Second quarter revenue climbed 10.3 percent. Employment's generally increasing, and it reached a record high for the waste and recycling industry in 2014, totaling 383,300.
The CEOs also are facing strong challenges these days, such as low prices for recyclables and the push to increase diversion through methods such as food waste collection. At WasteExpo four of the industry's top CEOs talked about the challenges as well as the good signs that the industry is improving, including broader economic trends such as housing.
This year Casella Waste Systems Inc. and CEO John Casella staved off a hostile board election move when JCP Investment Management withdrew its effort to place two members on the Casella board.
Meanwhile, in August Advanced Disposal announced in August it was making an initial public offering (IPO). Waste360 talked with Michael E. Hoffman, industry analyst and managing director, Stifel, Nicolaus & Co. Inc., about his thoughts on the Advanced Disposal IPO and what impact it can have on the industry. It brings needed funds to Advanced's owner, Highstar, but it also will ultimately give Advanced and CEO Richard Burke greater freedom to make any type of acquisition.
We take a look here at the total compensation for 14 of the industry's CEOs in 2014.
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