EDGE These are the 10 highest paid CEOs in Chattanooga

EDGE These are the 10 highest paid CEOs in Chattanooga

June 10th, 2016 by Dave Flessner in EDGE
TVA president and CEO Bill Johnson speaks to reporters after a news conference at the Watts Bar Nuclear Plant on Thursday, Oct. 22, 2015, near Spring City, Tenn., as Unit 2 begins producing electricity for the first time, 43 years after construction began at the site.

TVA president and CEO Bill Johnson speaks to...

Photo by John Rawlston /Times Free Press.

Jeffrey Lorberbaum, CEO of Mohawk Industries, speaks to the Chattanooga Rotary Club Thursday, Nov. 6, 2014.

Jeffrey Lorberbaum, CEO of Mohawk Industries, speaks to...

Photo by Tim Barber /Times Free Press.

President Rick McKenney is photographed after the annual shareholder meeting at Unum on Thursday, May 21, 2015, in Chattanooga, Tenn., where he was introduced to shareholders as the successor to outgoing CEO Tom Watjen.

President Rick McKenney is photographed after the annual...

Photo by John Rawlston /Times Free Press.

The top bosses in Chattanooga took home compensation packages in 2015 that were anywhere from 14.3 percent to 199.6 percent higher than the previous year. The highest paid CEOs in Chattanooga last year were:

1. Bill Johnson, Tennessee Valley Authority, $6.4 million, up 38.6 percent from the previous year

2. Jeffrey S. Lorberbaum, Mohawk Industries, $6.1 million, up 22.2 percent from the previous year

3. Rick McKenney,* Unum Corp., $5.7 million, up 55.5 percent from the previous year

4. Stephen D. Lebovitz, CBL & Associates Properties, $3.7 million, up 35.6 percent from the previous year.

5. Daniel Frierson, the Dixie Group, $1.7 million, up 20.3 percent from the previous year

6. David Parker, Covenant Transport, $1.6 million, up 16.2 percent from the previous year.

7. J.D. Hickey, BlueCross BlueShield of Tennessee, $1.6 million**

8. Michael Kramer,*** First Security Bank, $1.1 million, up 199.6 percent from the previous year

9. Benjamin Brock, Astec Industries, $537,458, up 15.8 percent from the previous year

10. Jeff Badgley, Miller Industries, $400,015, up 14.3 percent from the previous year.

* McKenney was promoted to Unum CEO in May 2015

** J.D. Hickey was named CEO of BlueCross in August 2015

*** Michael Kramer became president and chief operating officer of Atlantic Capital Bancshares, which completed the purchase of First Security Group in November 2016. Kramer was paid even more two years ago to complete the turnaround at FSG bank.