Corning Incorporated CEO Wendell Weeks Salary & Net Worth

Wendell Weeks is the chairman, president, and CEO of Corning Incorporated, a multinational technology company that creates specialty glass and ceramics for scientific and industrial use. It is based in Corning, New York, employs some 51,000 people worldwide, and has annual sales exceeding $12 billion.

This is not the company that made the CorningWare your mom or grandmother uses in the kitchen. That part of the company was sold in 1998. This is the company that worked with Apple to help deliver that iPhone to you, that developed the windows NASA uses on America's manned space vehicles, and it is the company that created the glass for Thomas Edison's light bulbs. Weeks is leading one of America's most innovative companies.

How Much is Wendell Weeks Paid?

Weeks was paid $18.9 million in total compensation for fiscal 2020. The compensation breaks down as $8.7 million in cash, $8.5 million in equity, and $1.6 million as pension and other forms of compensation.

What is Wendell Weeks' Net Worth?

Weeks is worth a minimum of $56.4 million dollars. The bulk of Weeks' wealth comes from his current holdings of 100,000 units of Corning Incorporated. Weeks has sold Corning stock during his time with the company, having banked $17.9 million in a variety of stock sales. Weeks joined Corning in 1983.

Who is Wendell Weeks?

Weeks has spent time in a variety of positions at Corning, including financial and general management roles. Weeks also held strategic positions in Corning's television, specialty glass, and optical communications areas. Weeks was named Chief Executive Officer in 2005.

Weeks' varied experience in Corning's divisions likely helped guide him toward the development of Gorilla Glass, which became a key component in Apple's iPhone. Weeks initiated the rapid development of Gorilla Glass, and it has been used in iPhones since the mobile phones began production in 2007. To date, Apple has invested $450 million in Corning.

Weeks has led Corning to the continued development of optical glass and microlithography systems. The glass created by microlithography has been used in a variety of ways, from windows in the U.S. space shuttle to the construction of reflective mirror blanks.

Weeks is married, with two children. He met his wife, Kim Frock, while each attended Harvard Business School. Weeks has said that he believes a company is measured by how much good it does in society. Kim Frock Weeks has followed that same philosophy, as she has launched the Alternative School for Math and Science in the Weeks's hometown of Corning.

Kim Frock Weeks stated goal with the Alternative School is to provide middle school students the opportunity to pursue STEM (science, technology, engineering, and math) degrees. Wendell and Kim Weeks personally funded the initial three years of the school and Corning Incorporated provides space for the school at no charge.