Eversource chief gets $700,000 raise

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http://www.bostonglobe.com/business/2016/03/24/eversource-chief-gets-raise/LsFpMGsDC0lQAA9LIJOYZN/story.html

Eversource chief gets $700,000 raise
By Dan Adams Globe Staff March 24, 2016

Utility Eversource Energy disclosed Thursday that its chief executive, Thomas May, received a 7.8 percent pay increase in 2015, bringing his total compensation to around $9.7 million.

That was about $700,000 more than he received in the prior year, with May getting both a bump in his base salary and a larger stock award. In 2014 May’s total compensation increased at a higher rate, 17 percent, to around $9 million.

During 2015 Eversource’s stock fell about 5 percent. It has since climbed more than 10 percent for the year, and closed Thursday at $57.83 Thursday.

In Connecticut the company recently came under fire from U.S. Sen. Richard Blumenthal, who accused Eversource of misusing the H1-B visa program to outsource 200 information-technology jobs two years ago. Eversource denies any wrongdoing.