Mark Frissora, chairman and CEO of Hertz Global Holdings, parent company of Hertz Equipment Rental Corp., was ranked No. 9 on a list of New Jersey’s 10 highest-paid chief executives, according to njspotlight.com. The report, published earlier this week, said close to half of Frissora’s compensation was the value of his stock awards, $6.5 million.
Frissora received $1.3 million in salary last year, the report said, $4.2 million in nonequity incentive compensation, and $592,000 in other compensation. The value of his pension and deferred compensation earnings rose by nearly $2 million, the report added.
Hertz is currently in the process of moving to the Naples, Fla., area. The company recently announced plans to spin off HERC into a separate company.