Sundar PichaiSundar Pichai earned $164M in 2023

Thomas P. Mac Mahon served as the CEO of Labcorp Holdings from 2005 until 2007. During his time, he focused on improving company performance, which was reflected in his compensation structure—especially his significant bonuses that reached 204% of his salary...

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Thomas P. Mac Mahon

Ex-CEO of Labcorp Holdings

Sector of Economy

Healthcare

Born

July 30, 2024 - 0 years ago

CEO of Labcorp Holdings for

1 year 1 month (Dec 2005 - Jan 2007)

Previous Experience

Unknown

Holdings

See how much did Thomas P. Mac Mahon make over time.

Thomas P. Mac Mahon demonstrated a significant commitment to Labcorp through his stock holdings. In 2021, the value of his shares hit impressive peaks, with monthly transactions ranging between $5 million and over $9 million. His investment confidence was strong...

Total Stock Sold

$20.03M

LH

$20.03M

250,000 LH shares

What if they kept their stock?

If Thomas P. Mac Mahon didn't sell their stock, today they would have:
Extra LH250,000 shares worth $45.16M.
This is 125.41% and $25.13M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Thomas P. Mac Mahon.

LH

$3.14M

LH at $89.74/share

Sep 6, 2012

Sale

LH

1,800 shares

LH

May 24, 2012

Received

LH

$5.40M

LH at $89.98/share

Feb 29, 2012

Sale

LH

700 shares

LH

May 11, 2011

Received

LH

$14.80M

LH at $95.50/share

Apr 14, 2011

Sale

Compensation History

See how much did Thomas P. Mac Mahon make over time.

During his time at Labcorp, Thomas P. Mac Mahon had notable compensation packages that were heavily impacted by performance metrics. For example, in 2006, his salary was $1 million, complemented by a staggering bonus of over $2 million, which was more than double his salary. This structure encouraged him to drive company success, aligning his financial interests with Labcorp's performance. However, his total compensation varied greatly: in 2007, it dropped to just over $400,000 as he prepared for retirement, highlighting how executive pay can fluctuate based on both company achievements and personal decisions. Additionally, through various perquisites such as financial services and health checkups, he managed to secure a well-rounded compensation package that supported his transition into retirement. His financial arrangements included pension enhancements, ensuring a comfortable nest egg beyond his active tenure at Labcorp.

Year

2007

Total Compensation

$381.53K

Salary

$230.90K

Board Justification

The compensation philosophy is to reward the achievement and surpassing of specific short- and long-term operational and strategic goals, aligning executive interests with those of stockholders.

Bonus

$150.64K

Board Justification

Based on the Company’s performance and his individual achievements during 2007, Mr. Mac Mahon earned an annual bonus payment that was approximately 153% of his 2007 salary.

Other

$0.00

Board Justification

No other compensation was reported for Mr. Mac Mahon in 2007.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were reported as vested for Mr. Mac Mahon in 2007.

Performance Metrics

The performance metrics for Mr. Mac Mahon were based on the Company’s overall performance and individual contributions.

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