Correction: An earlier version of this list included a Kroger Co. executive whose raise was miscalculated.This year’s list of the biggest raises at Cincinnati-based public companies demonstrates three ways bosses can boost their pay: Get a deal done, get promoted or get fired.RELATED: Could your family survive on 'median pay' from local public companies?Eight local executives scored triple-digit raises in 2018. Three of them were Worldpay Inc. executives who pulled off a $10.4 billion acquisition of a British payment-processing company. That deal was announced in the August 2017 and led to special incentive awards in 2018. A different kind of deal led to more than $600,000 in stock-based compensation for two executives of Eagle Bancorp., which converted from a mutual savings bank to a public company in 2017.E.W. Scripps Co. CEO Adam Symson announced or completed four acquisitions in the last year. But much of his 2018 pay increase came from his 2017 promotion to the CEO role for Scripps, parent company of WCPO.Promotions were also a factor in pay raises for executives at Macy’s Inc. and LSI Industries Inc. Meridian Bioscience Inc. paid $2 million in separation payments to two executives it fired in 2018.It's important to note that stock awards are not cash in hand. They represent the estimated value of stock grants that vest over time and require the achievement of performance goals to fully realize.That said, they were a huge factor for the local public company executives who scored the biggest raises in 2018: #10 Adam SymsonCEO, E.W. Scripps Co.2018 total compensation: $3,384,554Raise: 77.2%Total shareholder return (1yr): 2%Total shareholder return (3yr): -16.1% #9 Danielle KirganChief Human Resources Officer, Macy’s Inc.2018 total compensation: $3,144,983Raise: 92.7%Total shareholder return (1yr): 8.1%Total shareholder return (3yr): -26.4% #8 Richard EberlyFormer Executive VP, Meridian Bioscience Inc.2018 total compensation: $1,479,958Raise: 134.1%Total shareholder return (1yr): 7.8%Total shareholder return (3yr): -2.3% #7 James GaleeseCFO, LSI Industries Inc.2018 total compensation: $500,717Raise: 135%Total shareholder return (1yr): -39.1%Total shareholder return (3yr): -38.7% #6 Mark HeimbouchPresident and COO, Worldpay Inc.2018 total compensation: $10,087,242Raise: 146.7%Total shareholder return (1yr): 3.9%Total shareholder return (3yr): 61.2% #5 Marco CalzavaraFormer president of Europe division, Meridian Bioscience Inc.2018 total compensation: $1,284,108Raise: 147.4%Total shareholder return (1yr): 7.8%Total shareholder return (3yr): -2.3% #4 Patricia WalterExecutive VP, Eagle Financial Bancorp.2018 total compensation: $408,088Raise: 148.2%Total shareholder return (1yr): -6.2%Total shareholder return (3yr): N/A #3 Gary KoesterCEO, Eagle Financial Bancorp.2018 total compensation: $666,021Raise: 170.9%Total shareholder return (1yr): -6.2%Total shareholder return (3yr): N/A #2 Stephanie FerrisChief Financial Officer, Worldpay Inc.2018 total compensation: $8,253,927Raise: 243.6%Total shareholder return (1yr): 3.9%Total shareholder return (3yr): 61.2% #1 Royal ColeExecutive VP, Worldpay Inc.2018 total compensation: $7,371,437Raise: 274%Total shareholder return (1yr): 3.9%Total shareholder return (3yr): 61.2% WCPO obtained compensation data from S&P Global Market Intelligence, which pulled it from annual proxy statements companies filed with the Securities and Exchange Commission. Specifically, compensation data from the "summary compensation table" in each company's proxy document was analyzed. The pay category Changes in Pension Value was excluded from tabulations, because it is an actuarial estimate and does not reflect actual gains and losses. S&P Global Market Intelligence also provided numbers on total shareholder return, which measures the increase or decrease in stock price plus dividends in each company’s last three fiscal years.
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