Defense industry execs among top-paid female CEOs

WASHINGTON — General Dynamics and Lockheed Martin are among the top-paid female CEOs, according to a report by The Associated Press.

General Dynamics CEO Phebe Novakovic is fifth on the list. According to the study conducted by executive data firm Equilar and AP, she was paid $21.2 million last year — a 4 percent increase from 2015. 

Lockheed Martin's CEO, Marillyn Hewson, is next in line. As sixth on the list, Hewson experienced a 4 percent decrease from her 2015 pay, having been paid $19.4 million in 2016, according to the report.

The study notes that the highest paid female CEO was Virginia Rometty at International Business Machines Corp. With an increase in pay of 63 percent, she was paid $32.3 million last year. This increase is mostly due to a $12.1 million stock option award she received in 2016 that was not provided the previous year.

Companies who had filed proxy statements with federal regulators between Jan. 1 and April 30, 2016, were taken from the Standard & Poor's 500 index for the study. Equilar and AP excluded any CEOs that were hired within the last two years, to exclude any sign-on bonuses, and added together their earnings including salary, bonuses, perks, stock option awards and any other compensations.

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