© 2017 The Texas Lawbook.
By Mark Curriden
(Aug. 14) – The best paid general counsels at Texas-based companies are not at Exxon Mobil, AT&T or Toyota, according to a new report in Corporate Counsel magazine.
The Corporate Counsel article identifies a dozen GCs and chief legal officers for businesses headquartered in Texas and Oklahoma who are among the top 150 highest compensated in their position in the U.S.
The GCs at Baker Hughes, iHeartMedia, Yum!Brands and nine energy companies made the list.
Corporate Counsel said that GC average cash salaries – not including options – increased about three percent in 2016 and is up about 22 percent since 2011.
Five of the top 12 paid Texas GCs are women.
The highest paid GC in the U.S., according to Corporate Counsel, is Altria’s Denise Keane, who received $9 million in compensation in 2016 – $8 million as a bonus. Disney’s Alan Braverman was second with $7 million. Laureen Seeger of American Express is third with $6.2 million.
The Texas Lawbook is working on a more detailed article regarding compensation of corporate in-house lawyers, which will be published in September.
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