May 22, 2024 - News

These are Colorado's richest CEOs

A bar chart that displays the total compensation in millions of dollars for Colorado's top-paid CEOs in 2023. The chart shows Gavin Hattersley of Molson Coors leading with $12.21 million, followed by Thomas Palmer of Newmont with $11.75 million. Daniel Fisher of Ball Corporation, Scott Brinker of Healthpeak Properties, and Javier Rodriguez of DaVita earned $9.32 million, $7.69 million, and $6.71 million respectively.
Data: MyLogIQ via The Wall Street Journal; Chart: Alayna Alvarez/Axios

At least five of the highest-paid CEOs in the country run companies based in or with a significant presence in Colorado, according to a new analysis from the Wall Street Journal.

The big picture: The majority of chief executives across more than 400 of the nation's largest companies received year-over-year raises of at least 9% — including several in the Centennial State — as stock awards buoyed the value of compensation packages, per the WSJ.

  • Half of those business leaders earned at least $15.7 million — a new record for median CEO pay in the annual survey — and several made more than $50 million.

Zoom in: At least five CEOs with Colorado connections made the list.

  • All but one received pay increases, mirroring the trajectory of the state's richest residents, who also reached new financial heights last year.

By the numbers: The area's top-paid leader was Gavin Hattersley of beer giant Molson Coors, who received a total pay valued at $12.2 million last year, up about 35% from 2022.

Other local leaders on the list include:

Thomas Palmer: CEO of Greenwood Village-based Newmont, the world's largest gold mining corporation.

  • His total pay was $11.8 million last year, down 14% from 2022.

Daniel Fisher: CEO of Westminster-based Ball Corporation, an aluminum product manufacturer.

  • He made $9.3 million, up 36%.

Scott Brinker: CEO of Denver-based Healthpeak Properties, a real estate investment trust.

  • He made $7.7 million, up 38%.

Javier Rodriguez: CEO of Denver-based DaVita, a kidney dialysis provider.

  • He made $6.7 million, up a whopping 125%.

How it works: The Wall Street Journal used information from corporate proxy statements filed through May 16 last year by companies in the S&P 500 index, as collected by MyLogIQ, a provider of public company data and analysis.

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