The top-compensated CEOs: 2013

By all major metrics, the performance by CEOs in metro Detroit stood out in 2013, according to experts in executive compensation – including two experts from the WSU School of Business Administration. Sudip Datta, the T. Norris Hitchman Endowed Chair in the Department of Finance, said that, for the most part, compensation mirrored company performance last year. "In general, the total compensation for most of the firms is consistent with net income change. It was what you'd expect," he said. Paul Reagan, a senior lecturer in the Department of Management and Information Systems, said CEO compensation in 2013 continued three trends that emerged during the recovery of the Great Recession: a moderation in both base salary and cash incentive payments and a growth in compensation driven by stock awards.

Crain's Detroit Business