Monday, March 16, 2020

Cleveland, Ohio-Based Cleveland-Cliffs' Top-Tier Executives Average Annual Pay and Benefits Increase Was a Blistering 23.4% Per Year During the Past Five Years

From Company Proxy Statement filings with the SEC, below are Cleveland Cliffs' Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent five years.

FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
  Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Cleveland-Cliffs 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Goncalves CEO        15,444        23,562        23,562           9,536           9,536        11,114  N/A   N/A     
Flanagan CFO           2,096           2,194
Fedor EVP US Iron Ore           2,406           2,628           2,628           1,621           1,621           1,888    
Harapiak Chief Admin Officer           2,412           2,390           2,390           1,476           1,476           1,841
Smith EVP Business Development           2,392           2,659           2,659           1,666           1,666           1,892           1,892           2,944    
Tompkins Former COO           4,316           2,174           2,174           2,542           2,542           2,252           2,252           1,985
Paradie Former CFO  N/A   N/A            2,668           1,157
Webb Former EVP Global Coal  N/A   N/A 
Halverson Former CEO  N/A   N/A 
 Totals      24,750     33,433     35,555     16,473     16,473     19,277       4,434       5,196       4,920       3,142
Annual % Change vs Prior Year -26.0% 115.8% -14.5% -14.7% 56.6%
5 Year Average Per Year % Change 23.4%