Dr david burritt biography

Executive compensation is a combination of the cash and non-cash pay that an executive-level employee receives. Unlike the contracts for lower-level employee compensation, contracts for executive compensation tend to have an explicit breakdown of their pay package, including:

Base salary
Short-term incentives
Long-term incentives, like stock and option awards
Non-qualified deferred compensation
Perquisites, like use of a company car or country club membership

The details of the pay package, including prevalence of each component, scale of each component and metrics for incentive plans, are negotiated each year. Executive compensation is often trickier to evaluate than those for a non-executive role, since an executive job is not necessarily tied to a preexisting paygrade. ERI’s Assessor Platform can help price an executive job title with access to our database of proxy statements and salary survey data.

A proxy statement is a document that all publicly traded companies on the United States stock exchange are required to file annually. Internationally, companies are required to file Canadian Information Circulars, EU/UK Annual Reports, etc., depending on the company’s location. These documents are required to be sent out before a shareholder meeting to give shareholders insight into how the company is performing, as well as plans for how the company will be focused and managed in the upcoming year.

These disclosures include proposed compensation for directors and the top five executives, potential conflicts of interest, potential new board members, and any other issues that the shareholders will vote on during the meeting.

Disclosures are a great way to find executive compensation for publicly traded companies. The Summary Compensation table displayed in proxy statements includes data for Salary, Bonus, Stock Awards, Option Awards, Non-equity Incentive Plan Compensation, Pension and Nonqualified Deferred Compensation (NQDC) Earnings, All Other C

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An America as Strong as Steel

David Burritt

President & CEO
U. S. Steel

David B. Burritt was appointed President and Chief Executive Officer of United States Steel Corporation in May 2017. At that time, Mr. Burritt was also named to the company’s Board of Directors. He had been elected President and Chief Operating Officer in February 2017 with executive responsibility for all aspects of the company’s day-to-day business in the United States and Central Europe.

Mr. Burritt joined U. S. Steel in September 2013 to serve as Executive Vice President and Chief Financial Officer with responsibility for all aspects of the company’s strategic and financial matters.

Prior to joining U. S. Steel, Mr. Burritt, served as Chief Financial Officer at Caterpillar Inc.

Mr. Burritt was born in St. Louis, Missouri. He earned a bachelor’s degree in accounting in 1977 from Bradley University in Peoria. Mr. Burritt received a master’s degree in business administration from the
University of Illinois in Champaign in 1990.

Mr. Burritt serves on the board of directors for Lockheed Martin, the National Safety Council and serves on the Executive Committee of worldsteel. He is also a member of The Business Council and a member of the G100.

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