How much do Northwest Indiana CEOs make?
- Joseph S. Pete
- Updated
Here's a look at how much the CEOs of publicly traded companies that are either headquartered in Northwest Indiana or major employers in the Region make.
NiSource CEO Joseph Hamrock

NiSource CEO Joseph Hamrock
Total compensation for 2019: $6,628,690
Salary: $1,000,000
Value of stock awards: $4,828,893
Non-equity incentive plan compensation: $720,000
All other compensation: $79,797
Times higher than median pay of NiSource employees: 60
ArcelorMittal CEO Lakshmi Mittal

ArcelorMittal CEO Lakshmi Mittal
Total compensation for 2019: $6.15 million
Base salary in 2019: $1,569,000
Short-term incentives: $3,198,000
Long-term incentives: $1,339,000
Other benefits: $47,000
Lear Corp. CEO Ray Scott

Lear Corp. CEO Ray Scott
Total: compensation for 2019: $13,718,257
Salary: $1,200,000
Value of stock awards: $10,596,388
Non-equity incentive plan compensation: $1,098,000
Change in pension value and deferred compensation earnings: $381,416
All other compensation: $442,453
Times more than the median Lear employee: 1,349
U.S. Steel CEO David Burritt

Total compensation for 2019: $13,318,357
Salary: $1,150,000
Value of stock awards: $8,000,006
Non-equity incentive plan compensation: $3,618,720
All other compensation: $549,631
Times more than the median employee at U.S. Steel: 185
Horizon Bank CEO Craig Dwight

Horizon Bank CEO Craig Dwight
Total compensation: $1,238,256
Salary: $558,900
Value of stock awards: $200,000
Value of option awards: $50,000
Non-equity incentive plan compensation: $363,285
All other compensation: $66,071
Times higher than the median Horizon Bank employee: 31
1st Source CEO Christopher Murphy

1st Source CEO Christopher Murphy
Total compensation for 2019: $1,769,152
Salary: $770,942
Value of stock awards: $235,258
Non-equity incentive plan compensation: $636,109
All other compensation: $126,843
Times higher than the median 1st Source employee: 34
First Merchants CEO Michael Rechin

First Merchants CEO Michael Rechin
Total compensation for 2019: $1,702,540
Salary: $565,120
Value of stock awards: $566,250
Non-equity incentive plan compensation: $322,119
All other compensation: $249,051
Times higher than median employee at First Merchants: 39
Peoples Bank CEO Ben Bochnowski

Peoples Bank CEO Ben Bochnowski: $482,632
Salary: $275,671
Stock awards: $44,827
Non-equity incentive plan compensation: $89,654
All other compensation: $72,480
ProvidedFord CEO James Hackett

Ford CEO James Hackett
Total compensation for 2019: $17,355,506
Salary: $1,800,000
Value of stock awards: $13,188,269
Non-equity incentive plan compensation: $1,749,600
All other compensation: $617,637
Times more than the median employee at Ford: 157
BP CEO Bernard Looney

BP CEO Bernard Looney
Base salary: $1.7 million in 2020
Total compensation: N/A, started as CEO in February
Sources: AFL-CIO Executive Paywatch, ArcelorMittal and BP remuneration reports, SEC filings
Compiled by Times Staff Writer Joseph S. Pete
Joseph S. Pete
Business Reporter
Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.
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Great Lakes steel production dipped by 3,000 tons last week and remains depressed by more than a fifth so far this year, according to the American Iron and Steel Institute.
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U.S. steel production fell 24.4% year-over-year to 5.6 million tons in August, according to the World Steel Association.
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Great Lakes steel production dipped by 1,000 tons last week and remains depressed by more than a fifth so far this year.
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Child and Adolescent Psychiatrist Sara Bachani joined the staff of the Swanson Center, the community mental health center in Michigan City.
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Indiana marked Manufacturing Day on Friday but no factory tours for students and the public that normally take place on or around the annual occasion in early October were scheduled in the Region this year because of the coronavirus pandemic that's killed more than 200,000 Americans thus far.
Now Northbrook-based Allstate Insurance Company is covering Lyft drivers with commercial auto coverage in Indiana and seven other states, effective as of this month.
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Great Lakes steel production ticked up by 5,000 tons last week and remains depressed by nearly a fifth so far this year, according to the American Iron and Steel Institute.
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Great Lakes steel production rose by 7,000 tons last week but remains depressed by nearly a fifth so far this year.
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MonoSol, a global manufacturer of water soluble film based in Merrillville, won an Indiana Innovation Award for quickly boosting production of dissolvable laundry bags to protect front-line healthcare workers during the coronavirus pandemic.
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Great Lakes steel production rose by 19,000 tons last week but remains depressed by 19.4% so far this year.
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Sheryl Terril, a class of 1976 Valparaiso High School grad who went on to become founder and CEO of the AddVantage Group, was recognized by the business publication for her work in management consulting.
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Northwest Indiana, however, suffered some of the highest joblessness in the Hoosier state in September. Lake and LaPorte counties ranked number one and three in joblessness statewide, while Porter County ranked 10th.
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The Rosemont-based bank, which has locations in Dyer, Lansing and across the south suburbs, pulled in $1.67 per common share, a 391% increased compared to the second quarter but down 1% year-over-year.
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Albertsons, the parent company of Jewel-Osco, reported identical sales growth of 12.8% and digital sales growth of a staggering 243% during the second quarter of its 2020 fiscal year, which ended on September 12.
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Peoples Bank made $4.9 million in the third quarter, a 37% year-over-year jump after an increase in net interest and noninterest income.
Anna Wermuth, who previously lived in Hobart and Highland, was honored for her legal work as vice-chair of the Cozen O’Connor law firm’s national Labor and Employment Department.
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Great Lakes steel production rose by 6,000 tons last week but remains depressed by more than 19% so far this year, according to the American Iron and Steel Institute.
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1st Source Bank earned $20.06 million in the third quarter, which was up 8.41% from the second quarter but down 17.92% as compared to the third quarter of 2019.
The Indiana Small Business Development Center is launching free HR and hiring services to help small businesses and entrepreneurs find workers and craft workplace policies.
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Akyumen, which the city of Gary is negotiating a sale of the Genesis Convention Center to, was barred from selling securities in California after the state found the company misled investors.
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The Chicago-based company is building a 125,000-square-foot facility in AmeriPlex at the Crossroads Business Park that's expected to be fully operational by next year.
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Horizon Bank earned $20.2 million in profit in the third quarter, which was up from $14.6 million in the second quarter but slightly down from $20.5 million in the third quarter of 2019.
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Chicago-based Reflection Window + Wall LLC, which worked on this building in River North, is establishing Ekos Window + Wall LLC in Porter County, where it will hire up to 112 people.
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Notre Dame Federal Credit Union is coming to The Illiana in Whiting, the new five-story mixed-used apartment building that serves partly as a dorm for the nearby Calumet College of St. Joseph.
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Centier is limiting branch lobbies to appointment-only amid a surge of coronavirus cases in Indiana and across the nation.
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The Michigan City-based digital marketing agency SERA Solutions has acquired a majority stake in the creative agency Crosscurrent Media for an undisclosed sum.
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NiSource, the Merrillville-based parent company of NIPSCO, lost $186.7 million in the third quarter, or 49 cents per share.
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Teachers Credit Union has hired its first Director of Diversity, Equity and Inclusion.
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The Dearborn, Mich.-based automaker, which produces SUV at the Chicago Assembly Plant on the banks of the Calumet River on the far South Side and at the Chicago Stamping Plant in Chicago Heights, is recalling 350,000 vehicles in the U.S. and another 25,200 in Canada.
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The Indiana University Business Outlook Panel Tour rolls into the Region virtually on Nov. 13 and can be viewed for free by anyone via webinar.
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The company will become part of Danone, the Paris-based corporate giant that's one of the biggest players in the global food business and whose U.S. products are marketed under the brand name Dannon.
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"These are high-paying jobs. We're going to provide opportunities for young people. We're going to reach out to the underprivileged in this community to give them great opportunities."
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Peoples Bank employees donated $22,509 to more than 25 charities that have been struggling with fundraising and higher demand for services during the coronavirus pandemic.
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The new Digital Crossroads data center is now open for business at the border of Hammond and Chicago on Lake Michigan. Construction was completed on the $40 million 105,000-square-foot building where national companies will store their data. Indianapolis attorney Tom Dakich and developer Peter Feldman built out the first phase of what could grow into a $200 million project.