Below is Dgtl Infra’s inaugural report reviewing proxy statements across the digital infrastructure sector, with a focus on chief executive officer (CEO) total compensation during 2020 and benchmarking it against each company’s respective market capitalization at year-end 2020. Indeed, this analysis attempts to capture all forms of digital infrastructure CEO pay including salary, bonus, and stock & option awards.
Digital Infrastructure CEOs – 2020 Compensation Overview
In the table below, each CEO and their pay is grouped into the sub-sector of digital infrastructure which their company aligns with most. Notably, total compensation, is the summation of each digital infrastructure CEO’s salary, bonus, and stock & option awards.
Towers CEOs – 2020 Compensation Overview
American Tower (NYSE: AMT): CEO Tom Bartlett earned total compensation of $14.7m in 2020. Therefore, in comparison to the company’s $99.7bn market capitalization at year-end 2020, Tom Bartlett’s total compensation represents 0.01%.
Crown Castle (NYSE: CCI): CEO Jay Brown earned total compensation of $18.0m in 2020. Thus, in comparison to the company’s $68.7bn market capitalization at year-end 2020, Jay Brown’s total compensation represents 0.03%.
SBA Communications (NASDAQ: SBAC): CEO Jeff Stoops earned total compensation of $12.8m in 2020. Therefore, in comparison to the company’s $31.0bn market capitalization at year-end 2020, Jeff Stoops’ total compensation represents 0.04%.
Data Centers CEOs – 2020 Compensation Overview
Equinix (NASDAQ: EQIX): CEO Charles Meyers earned total compensation of $25.8m in 2020. Thus, in comparison to the company’s $63.6bn market capitalization at year-end 2020, Charles Meyers’ total compensation represents 0.04%.
Digital Realty (NYSE: DLR): CEO Bill Stein earned total compensation of $16.4m in 2020. Therefore, in comparison to the company’s $39.1bn market capitalization at year-end 2020, Bill Stein’s total compensation represents 0.04%.
CyrusOne (NASDAQ: CONE): CEO Bruce Duncan earned total compensation of $14.6m in 2020. Thus, in comparison to the company’s $8.8bn market capitalization at year-end 2020, Bruce Duncan’s total compensation represents 0.17%.
Iron Mountain (NYSE: IRM): CEO Bill Meaney earned total compensation of $12.3m in 2020. Therefore, in comparison to the company’s $8.5bn market capitalization at year-end 2020, Bill Meaney’s total compensation represents 0.14%.
CoreSite Realty (NYSE: COR): CEO Paul Szurek earned total compensation of $5.9m in 2020. Thus, in comparison to the company’s $5.4bn market capitalization at year-end 2020, Paul Szurek’s total compensation represents 0.11%.
QTS Realty Trust (NYSE: QTS): CEO Chad Williams earned total compensation of $9.9m in 2020. Therefore, in comparison to the company’s $4.0bn market capitalization at year-end 2020, Chad Williams’ total compensation represents 0.25%.
Fiber CEOs – 2020 Compensation Overview
Lumen Technologies (NYSE: LUMN): CEO Jeff Storey earned total compensation of $17.0m in 2020. Thus, in comparison to the company’s $10.7bn market capitalization at year-end 2020, Jeff Storey’s total compensation represents 0.16%.
Cogent Communications (NASDAQ: CCOI): CEO Dave Schaeffer earned total compensation of $14.0m in 2020. Therefore, in comparison to the company’s $2.8bn market capitalization at year-end 2020, Dave Schaeffer’s total compensation represents 0.50%.
Uniti Group (NASDAQ: UNIT): CEO Kenny Gunderman earned total compensation of $6.8m in 2020. Thus, in comparison to the company’s $2.7bn market capitalization at year-end 2020, Kenny Gunderman’s total compensation represents 0.25%.
Consolidated Communications (NASDAQ: CNSL): CEO Bob Udell earned total compensation of $3.4m in 2020. Therefore, in comparison to the company’s $0.4bn market capitalization at year-end 2020, Bob Udell’s total compensation represents 0.88%.
Other Digital Infrastructure CEOs – 2020 Compensation Overview
Colony Capital (NYSE: CLNY): CEO Marc Ganzi earned total compensation of $14.2m in 2020. Thus, in comparison to the company’s $2.3bn market capitalization at year-end 2020, Marc Ganzi’s total compensation represents 0.61%.
Radius Global Infrastructure (NASDAQ: RADI): CEO Bill Berkman earned total compensation of $20.3m in 2020. Therefore, in comparison to the company’s $0.9bn market capitalization at year-end 2020, Bill Berkman’s total compensation represents 2.26%.
