Tom Palmer, CEO of Newmont (NEM), earned $8.0M in total compensation in 2014. Newmont receives a Pay-for-Performance grade of C (62/100), with a CEO-to-worker pay ratio of 114:1 and a say-on-pay shareholder approval of 93.1%. The company's 3-year total shareholder return is +2.5%.
How Newmont CEO Pay Compares
Tom Palmer's $8.0M total compensation is 0% below the Gold Mining industry median of $8.0M. The 114:1 CEO-to-worker pay ratio is 0% lower than the industry average of 114:1.
Newmont (NEM) disclosed $8.0M in CEO compensation for Tom Palmer. The package is structured for retention plus performance alignment, with equity awards taking the largest share.
The CEO-to-median-worker pay ratio runs 114x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Performance has been muted across the three-year window: 2.5% TSR, -4.1% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Shareholders supported the compensation package at 93% on the most recent say-on-pay vote. Solid support without overwhelming endorsement is the typical pattern for established public companies with conventional compensation programs. Newmont operates in Gold Mining with 14,600 employees and $18.0B in annual revenue, and currently carries a market capitalization of $50.0B. 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 Newmont (NEM).
Compensation Breakdown
Tom Palmer's $8.0M total compensation package for fiscal year 2014 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2014 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2013 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2012 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2011 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
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.
Named Executive Officers
Tom Palmer, CEO of Newmont (NEM), earns $8.0M 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
Tom Palmer, CEO of Newmont (NEM), earns $8.0M 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.
Newmont has a Pay-for-Performance Score of C (62/100). The company's 3-year total shareholder return is +2.5%, and the say-on-pay shareholder vote passed with 93.1% approval.
The CEO-to-median-worker pay ratio at Newmont is 114:1. The median worker at Newmont earns $70K per year, while CEO Tom Palmer earns $8.0M in total compensation.
Newmont employs approximately 14,600 people. The company operates in the Gold Mining industry within the Materials sector, generating $18.0B in annual revenue.