Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
14. Tom Richards, CDW: $5.75M
Position: Chairman, President and CEO
Stock Award: $2M
Bonus: $1.56M
Option Award: $1.29M
Salary: $888,000
Other Compensation: $12,000
Richards joined CDW in September 2009 and became CEO in October 2011.
The fiscal year for CDW, No. 5 on the CRN SP 500, ended Dec. 31, with sales for the Lincolnshire, Ill.-based company climbing 7.6 percent to $13.98 billion and net income jumping 5.3 percent to $424.4 million. CDW's stock increased 25.8 percent over the 2016 calendar year to $52.09 per share.
Other compensation for Richards included company-paid supplementary disability premiums, as well as matching and profit-sharing contributions to his 401(k) account.