CEO Salary & Executive Compensation
Marsh & McLennan MMC
CEO: John Doyle · Insurance Brokers · 85,000 employees
John Doyle, CEO of Marsh & McLennan (MMC), earned $12.0M in total compensation in 2025. Marsh & McLennan receives a Pay-for-Performance grade of C (54/100), with a CEO-to-worker pay ratio of 160:1 and a say-on-pay shareholder approval of 85.7%. The company's 3-year total shareholder return is -6.2%.
How Marsh & McLennan CEO Pay Compares
John Doyle's $12.0M total compensation is 50% above the Insurance Brokers industry median of $8.0M. The 160:1 CEO-to-worker pay ratio is 29% higher than the industry average of 124:1.
Marsh & McLennan (MMC) disclosed $12.0M in CEO compensation for John Doyle. The package is structured for retention plus performance alignment, with equity awards taking the largest share.
The CEO-to-median-worker pay ratio is 160x, meaning John Doyle's $12.0M total comp is roughly that many times the median $75,000 earned by Marsh & McLennan workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Three-year performance has been roughly flat — TSR of -6.2% alongside -2.6% revenue growth. Flat performance over a multi-year window is where pay-versus-performance debates get the most heated: large compensation packages without commensurate shareholder returns are the modal complaint at annual meetings.
Say-on-pay support was strong at 86%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. Marsh & McLennan operates in Insurance Brokers with 85,000 employees and $23.9B in annual revenue, and currently carries a market capitalization of $110.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Marsh & McLennan (MMC).
Compensation Breakdown
John Doyle's $12.0M total compensation package for fiscal year 2025 includes $1.2M in base salary, $6.0M in stock awards, $1.4M in option awards, and $1.8M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2024 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2023 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2022 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
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John Doyle, CEO of Marsh & McLennan (MMC), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
John Doyle, CEO of Marsh & McLennan (MMC), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Marsh & McLennan has a Pay-for-Performance Score of C (54/100). The company's 3-year total shareholder return is -6.2%, and the say-on-pay shareholder vote passed with 85.7% approval.
The CEO-to-median-worker pay ratio at Marsh & McLennan is 160:1. The median worker at Marsh & McLennan earns $75K per year, while CEO John Doyle earns $12.0M in total compensation.
Marsh & McLennan employs approximately 85,000 people. The company operates in the Insurance Brokers industry within the Financials sector, generating $23.9B in annual revenue.