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Two N.J. CEOs among nation's best-paid

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David Cote, CEO of Honeywell in Morristown is No. 14 on the list.
David Cote, CEO of Honeywell in Morristown is No. 14 on the list. - ()

Two New Jersey chief executives were among the 50 highest paid CEOs of 2013, according to a report compiled by the Associated Press and Equilar, an executive pay research firm, and released Tuesday.

Honeywell International’s David Cote checked in at No. 14 on the list, with total compensation of $26 million. The head of the Morristown-based company, the fourth-largest in the state, earned 63 percent more than the previous year.

Meanwhile, Celgene’s Robert Hugin ranked 28th, with total compensation of $21 million. That was an increase of 99 percent for the chief of the Summit-based pharmaceutical business.

RELATED: NJBIZ Book of List rankings for highest paid CEOs in New Jersey

Equilar combined salary, bonus, perks, stock awards, stock option awards and other pay to reach the total for each CEO.

The average salary of the 337 chief executives included in the survey was $10.5 million, up 8.8 percent from 2012.

Anthony Petrello of drilling contractor Nabors Industries topped the list with a total pay package of $68.2 million, up 246 percent.


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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com.

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