Sundar PichaiSundar Pichai earned $164M in 2023

B. Thomas Golisano is the founder of Paychex and has played a key role in its growth since starting the company in 1971. He served as the CEO until 2004 and has been on the board ever since. His significant...

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B. Thomas Golisano

Founder and Ex-CEO of Paychex

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

November 14, 1938 - 86 years ago

CEO of Paychex for

25 years 9 months (Jan 1979 - Oct 2004)

Previous Experience

Founder of Paychex, Inc.

Holdings

See how much did B. Thomas Golisano make over time.

B. Thomas Golisano has a substantial stake in Paychex, owning over 37 million shares, which represents about 10.4% of the company. His investor journey saw significant fluctuations, especially between 2019 and 2024, highlighting trade values that reached as high as...

Mar 18, 2025

Charitable Transactions

PAYX

608,999 shares

PAYX

Recent Charitable Transactions

PAYX

$11.27M

PAYX at $139.88/share

Jan 10, 2025

Charity

PAYX

$84.51K

PAYX at $145.71/share

Dec 2, 2024

Charity

PAYX

$379.97K

PAYX at $145.86/share

Nov 14, 2024

Charity

PAYX

$27.61M

PAYX at $148.04/share

Nov 12, 2024

Charity

PAYX

$22.70M

PAYX at $140.85/share

Oct 29, 2024

Charity

PAYX

$5.91M

PAYX at $140.87/share

Oct 21, 2024

Charity

Insider Trading

See recent insider trades of B. Thomas Golisano.

PAYX

$11.27M

PAYX at $139.88/share

Jan 10, 2025

Charity

PAYX

$84.51K

PAYX at $145.71/share

Dec 2, 2024

Charity

PAYX

$379.97K

PAYX at $145.86/share

Nov 14, 2024

Charity

PAYX

$27.61M

PAYX at $148.04/share

Nov 12, 2024

Charity

PAYX

$22.70M

PAYX at $140.85/share

Oct 29, 2024

Charity

PAYX

$5.91M

PAYX at $140.87/share

Oct 21, 2024

Charity

PAYX

$1.01M

PAYX at $141.38/share

Oct 17, 2024

Charity

PAYX

$83.95K

PAYX at $129.55/share

Aug 30, 2024

Charity

PAYX

$84.66K

PAYX at $118.41/share

May 31, 2024

Charity

PAYX

$88.86K

PAYX at $122.90/share

Mar 5, 2024

Charity

Compensation History

See how much did B. Thomas Golisano make over time.

Golisano’s compensation from Paychex reflects the company’s success and his careful consideration of risk and reward. In 2004, his total compensation was around $816,018, which included a hefty salary and a substantial bonus tied to the company's revenue growth. He has chosen not to take stock options since he has significant personal investment in the company's stock, preferring instead to align his financial interests directly with Paychex's performance. His compensation philosophy underlines a competitive strategy aimed to mirror the performance and size of comparable firms, aiming to reward exceptional individual contributions. This impressive, albeit stable compensation package highlights how his influence is blended into the company's overall performance metrics.

Year

2004

Total Compensation

$1.12M

Salary

$797.69K

Board Justification

The compensation philosophy is designed to be competitive with companies of similar size and performance, reward exceptional individual performance, and align the interests of executive officers with the interests of the stockholders.

Bonus

$313.33K

Board Justification

The bonus was determined based on the Company’s Officer Incentive Plan, which ties bonuses to the Company’s annual revenue and operating income growth.

Other

$6.00K

Board Justification

Other compensation includes the Company’s matching contributions under the Paychex, Inc. 401(k) Incentive Retirement Plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2004 as no stock grants were made that year.

Performance Metrics

The performance metrics for determining the CEO's compensation were based on the Company's annual revenue and operating income growth.

Other Paychex CEOs

Here are other CEOs of Paychex