The $38 Million CEO Who Out-Earned His Company Last Year
- Ultimate's Scherr is 10th best-paid tech CEO in BBG Pay Index
- Many shareholders question pay practices even as stock soars
Scott Scherr.
Source: Ultimate Software Group Inc.This article is for subscribers only.
By almost any measure, Scott Scherr makes a lot of money.
As chief executive officer of Ultimate Software Group Inc., Scherr’s pay tripled to $38.3 million last year, a filing showed this month. That’s far higher than his rivals and more than the company earned itself. It even tops the compensation of Microsoft’s Satya Nadella, who runs a firm 140 times the size of Ultimate.