Ron Clarke became the CEO of FLEETCOR Technologies, Inc. in 2000, and we think it’s a good time to look at the executive’s compensation against the backdrop of overall company performance.This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for FLEETCOR Technologies. A provider of payment cards to companies that operate fleets of vehicles, Norcross, Georgia-based FleetCor has paid Clarke more than $300 million over the past seven years. In response to the vote, FleetCor said it will hold votes on executive compensation each year instead of every three years and that the CEO won’t receive more than $8 million for his work in 2018.FleetCor shares climbed 36 percent in 2017, outpacing the 19 percent advance for the Russell 1000 Index. It also points out that Clarke has sold more than 8 million FleetCor shares since 2011, calling into question the effectiveness of granting him more equity.“They’re totally ignoring the shareholder vote from three years ago,” Waizenegger said. In a rare interview, he told Short seller Andrew Left has been trying to focus more attention on FleetCor. FleetCor did not respond to a reporter’s requests for comment before this story was posted. Fifteen of the Drivers get discounts on fuel and their employers receive tools to track spending. At Visa, the top bosses collected $127 million. A provider of payment cards to companies that operate fleets of vehicles, Norcross, Georgia-based FleetCor has paid Clarke more than $300 million … Of this total $1,000,000 was received as a salary, $1,500,000 was received as a bonus, $0 was received in stock options, $5,226,250 was awarded as stock and $31,138 came from other types of compensation. “We provide lots of value, lots of hard savings, we’ve got lots of satisfied clients and we retain 90 percent of the clients every year.”FleetCor hasn’t been accused of wrongdoing by regulators and Wall Street has largely sided with the company. The firm rejected those accusations.Subsequent discussions with shareholders revealed that some of them were concerned that Clarke’s pay was excessive, according to the filing. Ron Clarke is Chairman/President/CEO at Fleetcor Technologies Inc. See Ron Clarke's compensation, career history, education, & memberships. In a public “FleetCor’s pay plan has more red flags than a Chinese battleship,” said CtW Executive Director Dieter Waizenegger, who wrote the letter on behalf of pension funds that collectively manage $250 billion and own stock in the company. He also received $14.8 million in salary, bonuses and company-paid perks.By comparison, the two CEOs who ran Mastercard over those years took home a combined $132 million, filings show. Unions take issue with CEO’s pay as short seller targets fees Salaries posted anonymously by FLEETCOR employees. The organization’s letter raises concerns including outsize payments, less-than-rigorous performance metrics and equity awards not closely linked to company results. Revenue has quintupled, fueled by acquisitions. Clarke received stock options valued at $35.4 million and grants of restricted shares worth $15.1 million, according to a filing Monday. As the Chairman of the Board, Chief Executive Officer, and Director of FleetCor Technologies, the total compensation of Ronald Clarke at FleetCor Technologies is $11,504,300. He’s basically using the company as his personal ATM.”FleetCor didn’t respond to multiple requests by phone and email for comment, and attempts to reach Clarke directly were unsuccessful.Clarke has run FleetCor as a public company for a little more than six years, and he’s delivered impressive results. There are no executives at FleetCor Technologies getting paid more. FleetCor collects a monthly fee from cardholders and service fees from vendors.Clarke became CEO in 2000 after stints at consultant Booz Allen Hamilton Holding Corp. and Automatic Data Processing Inc., and has overseen the firm’s rapid growth. A free inside look at FLEETCOR salary trends based on 272 salaries wages for 150 jobs at FLEETCOR. But he’s been cashing out.
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