Attorneys for two Indianapolis-based Fortune 500 companies are among the 50 best-paid general counsel, according to a list published Monday by Corporate Counsel Magazine.
Retired Eli Lilly and Co. general counsel Robert A. Armitage and Simon Property Group general counsel James Barkley respectively ranked 32nd and 41st on the 2013 General Counsel Compensation Survey.
Armitage inched up from 34th on the 2012 rankings that were based on 2011 earnings. The survey said his compensation for 2012 totaled $7,505,514 – about $1.8 million in salary and bonus compensation plus about $5.7 million in stock option earnings. Armitage retired at the beginning of this year and was succeeded by Michael J. Harrington.
Barkley didn’t make the Top 100 in the 2012 survey. According to the 2013 list, he earned $2,472,046 in 2012. That included salary and bonus pay of a little more than $1.5 million and stock option income of more than $900,000.