Sandberg Trails Archibald as Non-CEO Pay Beats Bosses

Chief executive officers aren’t always the highest-paid employees.

Nolan Archibald, who retired as executive chairman of Stanley Black & Decker Inc. in March 2013, was paid $52.5 million last year, almost five times more than Chief Executive Officer John Lundgren, according to company filings. That was also the highest pay among executives at 338 Standard & Poor’s 500 Index companies that have filed proxy statements for last year, according to data compiled by Bloomberg.