Thomas W. LaSorda, born in 1956, has a strong background in the automotive industry, where he has held significant roles. He served as the President and CEO of Chrysler Group, leading the company from 2005 to 2007. Before that, he...

Thomas W. LaSorda, born in 1956, has a strong background in the automotive industry, where he has held significant roles. He served as the President and CEO of Chrysler Group, leading the company from 2005 to 2007. Before that, he worked at General Motors in various management positions. LaSorda’s career has been marked by hands-on experience in manufacturing, quality control, and operations, particularly in large organizations. His current connection with United States Steel Corporation as a board member shows his versatility, as he brings insights from the automotive sector into the steel industry, which has its own unique challenges. Interestingly, during his tenure at U.S. Steel, his compensation fluctuated significantly— earning about $8.6 million in 2015, but dropping to $2.1 million in 2016 due to unmet performance goals. LaSorda has also been active in insider trading, with notable purchases in multiple months over 2020 and into 2023, suggesting a hands-on approach to investing his own money into the companies he works with.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other United States Steel CEOs

U

Thomas W. LaSorda

Ex-CEO of United States Steel

Education

Not specified

Field of Expertise

Manufacturing & Industrial - Automotive

Sector of Economy

Basic Materials

Born

January 1, 1956 - 69 years ago

CEO of United States Steel for

0 years 10 months (Apr 2015 - Feb 2016)

Previous Experience

CEO of various automotive companies

Rivals

Competitors/colleagues of Thomas W. LaSorda

N

Leon J. Topalian

CEO of Nucor

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$0.00

Other

$1.99M

Total Holdings

$25.35M

C

Tony R. Thene

CEO of Carpenter Technology

2022 Compensation

Stock

$3.79M

Salary

$970.90K

Bonus

$0.00

Other

$154.69K

Total Holdings

$90.72M

C

Lourenco Goncalves

CEO of Cleveland-Cliffs

2023 Compensation

Stock

$0.00

Salary

$1.27M

Bonus

$2.43M

Other

$398.23K

Total Holdings

$585.05M

Holdings

See how much did Thomas W. LaSorda make over time.

Thomas W. LaSorda's insider trading activity illustrates a consistent engagement with U.S. Steel stock. Throughout 2020 and 2021, he made purchases that peaked at over $1.1 million in a single month, showing confidence in the company's direction. In January 2021,...

Thomas W. LaSorda's insider trading activity illustrates a consistent engagement with U.S. Steel stock. Throughout 2020 and 2021, he made purchases that peaked at over $1.1 million in a single month, showing confidence in the company's direction. In January 2021, for instance, he invested $904.79K in U.S. Steel, part of a series of substantial trades. His investments in 2022 continued to demonstrate significant amounts, with peaks like $1.26 million in March. However, the pattern of these trades suggests fluctuating confidence levels, which may reflect his perceptions of company performance. By 2023, his monthly holdings have shown amounts nearing $1.5 million, indicating a strong, ongoing belief in the company's potential growth despite previous performance metrics affecting his compensation.

Insider Trading

See recent insider trades of Thomas W. LaSorda.

X

$100.00K

X at $26.74/share

Jan 15, 2015

Received

X

$100.00K

X at $29.50/share

Jan 15, 2014

Received

X

$66.67K

X at $18.25/share

Jun 14, 2013

Received

X

1,000 shares

X

May 2, 2013

Received

X

$34.88K

X at $17.44/share

May 2, 2013

Purchase

AGCO

1,840 shares

AGCO

Apr 21, 2011

Received

Compensation History

See how much did Thomas W. LaSorda make over time.

In 2015, Thomas W. LaSorda saw his compensation package peak at $8.6 million at U.S. Steel, reflecting previous performance. However, in 2016, his total pay dropped sharply to just $2.1 million. This was due to the failure to meet various performance metrics, which included key financial indicators like EBITDA and cash flow. Notably, he earned no cash bonus in 2016 and had no vested stock from previous grants in that same year. This change highlights the performance-driven nature of executive compensation, where earnings can vary drastically based on how well a company meets its financial goals. The structure of his salary indicates that he is fairly compensated for success but sees significant cuts when the company doesn't perform as planned.

Year

2016

Total Compensation

$2.13M

Salary

$1.50M

Board Justification

The compensation philosophy is designed to attract, reward, and retain executives who contribute significantly to operational and financial achievements aligned with the Corporation's strategic goals.

Bonus

$0.00

Board Justification

No cash bonus was awarded in 2016 as the performance metrics were not met.

Other

$632.67K

Board Justification

Includes contributions to retirement plans, perquisites, and other compensation.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2016 as the performance metrics were not met.

Performance Metrics

Performance metrics include EBITDA and cash flow targets, with individual performance modifiers affecting the final bonus payouts.

Other United States Steel CEOs

Here are other CEOs of United States Steel

David B. Burritt

CEO of United States Steel

February 2017 - Present