While many truck drivers are struggling with high fuel prices, tolls and maintenance, J.B. Hunt executives are getting raises. How much did they get?
CEO John Roberts’s salary will go from $$595,000 to $635,000.
EVP Terry Matthews, president of the Lowell company’s intermodal division, will go from $372,500 to $400,000.
EVP and CFO David Mee’s salary will go from $365,000 to $395,000.
EVP and COO Craig Harper’s salary will go from $370,000 to $375,000.
Chairman Kirk Thompson’s salary will fall from $550,000 to $500,000.
“The base annual salary the company pays its top executives typically is but a small portion of their total compensation package, which can include stock or option awards and bonus pay. For example, Roberts’ total compensation in 2011 was $7.9 million, based on the company’s annual report,” Arkansas Business reported.
According to Glass Door, the average salary for a JB Hunt driver is $53,000 annually. A driver would have to work for 12 years to make the salary the CEO makes in one year, minus bonuses.
Source: Arkansas Business