Daily Record FINANCIAL NEWS &
WEDNESDAY, MAY 10, 2017
VOL. 104, NO.127 • ONE SECTION
35¢
www.jaxdailyrecord.com
THE TOP FIVE Gary Norcross
Michael Ward
Thomas Sanzone
Raymond Quirk
Paul Boynton
Fidelity National Information
CSX
Black Knight Financial
Fidelity National Financial
Rayonier AM
$20.02 million
$13.58 million
$8.46 million
$7.70 million
$7.16 million
Tru by Hilton on deck in Arlington
WHAT CEOs MAKE Company
CEO
Salary
Incentives
Compensation
Advanced Disposal
Richard Burke
Ameris
$600,000
$609,006
$5,625,974
390%
Edwin Hortan
$650,000
$518,166
$2,409,630
27%
Atlantic Coast Financial
John Stephens
$402,600
$119,820
$752,533
52%
Black Knight Financial
Thomas Sanzone
$736,923
$2,680,500
$8,457,048
176%
CSX
Michael Ward
$1,200,000
$2,059,200
$13,580,104
47%
Drone Aviation
Jay Nussbaum*
$48,001
$75,000
$2,919,751
Duos Technologies
Gianni Arcaini
$226,600
$61,000
$311,754
EverBank Financial
Robert Clements
$775,000
$1,216,750
$2,859,215
12%
Fidelity National Financial
Raymond Quirk
$831,692
$2,382,977
$7,698,057
8%
Fidelity National Information
Gary Norcross
$1,000,000
$11,219,250
$20,020,448
FirstAtlantic Bank
Mitchell Hunt
$275,000
$44,377
$370,241
7%
FRP Holdings
Thompson Baker
$214,725
$162,225
$485,866
25%
GEE Group
Derek Dewan
$130,000
$0
$130,000
NM
International Baler
Roger Griffin
$130,000
$0
$130,000
43%
Landstar System
James Gattoni
$450,000
$0
$1,431,155
42%
ParkerVision
Jeffrey Parker
$325,000
$0
$839,400
139%
Patriot Transportation
Thompson Baker
$214,725
$110,313
$444,113
90%
Rayonier
David Nunes
$637,500
$956,250
$3,486,763
17%
Rayonier AM
Paul Boynton
$927,000
$1,715,000
$7,159,564
24%
Regency Centers
Martin Stein
$820,000
$1,431,900
$5,141,483
3%
Stein Mart
Hunt Hawkins*
$494,583
$0
$2,516,290
NM
TapImmune
Glynn Wilson
$276,200
$110,000
$626,400
Web.com Group
David Brown
$560,000
$336,000
$4,306,309
* Became CEO in fiscal 2016
From 2015
NM 2%
55%
Hunter Harrison will likely be Jacksonville’s highest-paid CEO this year, but proxy data filed by area publicly traded companies shows his predecessor at CSX Corp. was only the second-highest paid local chief executive in fiscal 2016. Michael Ward received a compensation package worth $13.6 million as chief executive of CSX in 2016, but the highestpaid CEO was Gary Norcross of Fidelity
24% 3%
PUBLIC
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Jacksonville executive also received higher pay than Ward last year, Fidelity National Financial Inc. Chairman Bill Foley. Fidelity (which spun off FIS as a separate company a decade ago) lists Foley’s compensation package at $14.4 million for 2016, but that includes money paid by another public company, Black Knight Financial Services Inc., because Fidelity still owns a majority stake in Black Knight. Fidelity is planning to spin off its majorCOMPENSATION
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Legislature grants raises for judges, state lawyers By Max Marbut Associate Editor
NM = Not Measurable
National Information Services Inc., or FIS. Norcross received a total package valued at $20 million in 2016, according to FIS’ proxy statement, which included large incentive payments for the company’s successful integration of SunGard Data Services Inc. FIS acquired SunGard at the end of 2015 and the company has said it is ahead of schedule in achieving cost cuts from the combined operations of the two companies. Although he is not a CEO, one other
Hilton’s “millennial-mindset” Tru by Hilton hotel could open in Arlington in April. A Tru by Hilton spokeswoman said it would be owned by Champion Hotels, an Oklahoma City-based hotel operator. Champion Hotels, through Sunny Hotels LLC, intends to develop the Tru by Hilton at 2700 Jane St., along Merrill Road east of Interstate 295, according to documents filed with the city. A Champion representative did not return a phone call. The plans are shown on an application for a zoning deviation to permit two hotels to share a parking field. Tru by Hilton would go up next to the Candlewood Suites, also owned by Champion Hotels. MATHIS
FIS’ Gary Norcross tops list of highest-paid area CEOs in 2016 By Mark Basch Contributing Writer
Company expects April opening at Merrill and I-295
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Just a few hours after the state Legislature ended its 2017 business Monday, The Florida Bar published its review of what the lawmakers did — and didn’t do — as well as its analysis of the $82.4 billion budget that’s on its way to Gov. Rick Scott’s desk. The Florida Bar points out that Scott will now contemplate “whether to veto any bills or, more importantly, the budget or any portions thereof.” Here are the highlights from the session: The Legislature did not enact a proposed constitutional amendment that would have limited the terms in office of judges and state Supreme Court justices. LEGISLATURE
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