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David Auld, CEO of the Arlington-based homebuilding empire D.R. Horton, Inc. (NYSE: DHI) is the highest-paid public company executive in North Texas, according to the proxy statement filed at the end of the 2022.
CEOs that are featured on the list at the bottom of the page were considered as the top highest-paid North Texas executives in 2022. The data in the filings also included the total employee count, CEO pay ratio per median employee, and the median employee pay.
In 2017, D.R. Horton moved its headquarters from Fort Worth into its $20 million headquarters campus in Arlington. Last month, the homebuilding giant acquired Truland Homes, a large homebuilder along the Gulf Coast.
While already making a dominant presence locally and nationally, D.R. Horton also expanded its footprint by acquiring Westport Homes in 2018, one of the top-homebuilders in the Midwest, which now acts as a separate division within D.R. Horton.
Ranking No. 1, Auld had a total compensation of $30.02 million, and a revenue of $33.47 billion in 2022, according to security filings. While still topping the list, his compensation fell by a total of $553,596 in comparison to 2021’s annual proxy statement.
According to the proxy statement, D.R. Horton has 13,237 total employees, a CEO pay ratio per median employee of 259, and a median employee pay of $116,088.
Trailing behind is Robert Sulentic, CEO of the largest commercial real estate titan, CBRE Group Inc. (NYSE: CBRE). In 2020, CBRE moved its headquarters to Dallas from Los Angeles. This year, CBRE Group Inc. announced its plan to relocate to the Park District building.
Earlier last month, CBRE Group acquired Valuation & Information Group, a leading provider of senior housing, health care and real estate appraisal services and recently acquired a grocery-anchored neighborhood center in Irving, in a joint venture with Edens.
Ranked No. 2, Sulentic had a total compensation of $25,926,900 in 2022, with an annual revenue of $31 billion, according to the proxy statement. CBRE Group has 115,000 employees, a CEO pay ratio per median employee of 361, and a median employee pay of $71,748, according to the security filing.
The No. 3 spot is Walter W. Bettinger II, CEO of Charles Schwab & Co. Inc. In 2021, Charles Schwab relocated its headquarters to Westlake from San Francisco. About two decades ago, Charles Schwab Bank was created, and now with more than $300 billion in deposits, it ranks among one of the largest banks in the nation.
Amid the Silicon Valley Bank and Signature Bank collapse that occurred in March, during the first quarter earnings, Charles Schwab Corp. was one of the first regional banks to report its earnings, while beating profit expectations during a surge in interest income.
Overall, the top 25 CEOs generated a combined total of $400.68 million in compensation and $791 billion in annual revenue in North Texas.
For clarification, there were several executives moves this year which are also listed in a footnote at the bottom of the list.
Here's what's happening:
- Rich Templeton stepped down on April 1st and Haviv IIan assumed the role.
- This year, Scott Sheffield, CEO of Pioneer Natural Resources Co. is retiring at the end of 2023. Richard P. Dealy will assume the role on Jan. 1, 2024.
- In June, Matt Furlong was terminated. Ryan Cohen and Mark Robinson were appointed executive chairman and general manager respectively at the time.
- Barbara Smith is retiring this year and Peter Matt will assume the role on September 1.
- Sean Menke moved to executive chairman role on April 27 and Kurt Ekert took on the role at the time.
Here are the top ten highest-paid CEOs in North Texas:
1. David V. Auld (D.R. Horton): $30.02 million
2. Robert E. Sulentic (CBRE): $25.93 million
3. Walter W. Bettinger II (Charles Schwab): $24.39 million
4. John Stankey (AT&T): $22.92 million
5. Rich Templeton (Texas Instruments): $21.09 million
6. Jim Umplby III (Caterpillar): $20.61 million
7. Kelcy Warren (Energy Transfer LP): $19.97 million
8. Scott Sheffield (Pioneer Natural Resources): $19.06 million
9. Brian Tyler (McKesson Corporation): $18.15 million
10. Joseph Armes (CSW Industrials): $17 million.
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