Who is Paycom boss Chad Richison's wife Charis? Her $1M donation provided for Oklahoma City students in pandemic
CEO of Paycom Software, Inc Chad Richison was awarded compensation valued at $211 million by the company. At the pay package’s core was an award of restricted shares that could end up adding more than $2 billion to his fortune over the next decade
Chad Richison, the CEO of Paycom Software, Inc -- an American online payroll and human resource technology provider based in Oklahoma City, Oklahoma -- was the highest-paid CEO in S&P 500 companies in 2020. The S&P 500 is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States.
The Wall Street Journal reported that Chad Richison last year was awarded compensation valued at $211 million by Paycom. At the pay package’s core, the Journal reported, was an award of restricted shares that could end up adding more than $2 billion to Richison’s fortune over the next decade. Paycom said the value of the award is based on share performance and Richison will receive none of the awards unless the company’s share price more than doubles.
Who is Chad Richison’s wife Charis?
Last year, Chad and his wife Charis announced a $1 million donation to The Foundation for Oklahoma City Public Schools’ coronavirus relief efforts. “This generous gift from Chad and his wife, Charis Richison, allows us to cover these vital expenses for OKCPS to provide for students during this health crisis and for many years beyond,” said Mary Mélon, president and CEO for the foundation.
“We are incredibly grateful for Charis’ involvement and the impact this gift will have on our children,” said Dr. Sean McDaniel, superintendent of Oklahoma City Public Schools. “Charis, who is passionate about helping students across the state, has volunteered in Oklahoma City schools assisting students with management of their diabetic medical plans, serving as a mentor, and providing cultural experiences for OKC students in the arts through Civic Center experiences. Her impact is seen and felt throughout our community.”
“Helping kids is close to my heart, and I’m honored to play a part in what the Foundation is doing to get resources to those who need them the most,” Charis Richison had said at the time.
Born Charis Michelle Barnett on March 7, 1971, she is a native of Oklahoma. She received her bachelor’s degree in business administration and management from Oklahoma State University in 1993. From 2001 to 2004, she reportedly worked at Janssen Pharmaceuticals, a company under Johnson & Johnson. Following that, she joined Novo Nordisk’s Oklahoma City branch in 2004.
Charis Richison enrolled in Wake Forest University Graduate School in 2020, studying clinical mental health. As per voter records, Charis is affiliated with the Republican Party and is registered to vote in Oklahoma County, Oklahoma.
Charis Richison had been married twice before she met the Paycom CEO. She was first married to Michael Clinton, and later to Robert Linfante. Both marriages reportedly ended in divorce.
Chad, a former senior manager at payroll firm ADP, founded Paycom in 1998. He took Paycom public on the New York Stock Exchange in 2014 and owns about 14 percent of the shares. At present, as per Forbes, Richison is worth $2.9 billion.