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Upfront: How CEO Compensation Stacks Up
October 1, 2003
In the wake of accounting scandals, stock value declines throughout most of the past two years, and the emphasis on corporate governance resulting from passage of the Sarbanes-Oxley Act, investors are paying more attention to CEO compensation. Do you know where your CEO stands on your industry's pay continuum?
Pearl Meyer & Partners, a Clark Consulting Worldwide practice, compiled the following chart based on 2002 data in proxy statements of the 200 largest U.S. companies.
2002 CEO Compensation |
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SALARY
|
TOTAL REMUNERATION *
|
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|
LOWEST
|
HIGHEST
|
LOWEST
|
HIGHEST
|
|
|
AEROSPACE & DEFENSE |
$1 MILLION |
$1.6 MILLION |
$3.4 MILLION |
$21.5 MILLION |
|
CHEMICAL/PAPER PRODUCTS |
$900,000 |
$1.2 MILLION |
$1.9 MILLION |
$10.9 MILLION |
|
COMMERCIAL BANKS |
$1 MILLION |
$3 MILLION |
$1 MILLION |
$37.8 MILLION |
|
COMPUTER PRODUCTS & SERVICES |
$0 |
$1.5 MILLION |
$600,000 |
$24.3 MILLION |
|
CONSUMER PRODUCTS |
$1 MILLION |
$1.6 MILLION |
$2.7 MILLION |
$22.2 MILLION |
|
DIVERSIFIED FINANCIAL |
$0 |
$3 MILLION |
$4.2 MILLION |
$30.2 MILLION |
|
ELECTRONICS/ELECTRICAL EQUIPMENT |
$600,000 |
$1.3 MILLION |
$5.6 MILLION |
$10.6 MILLION |
|
ENTERTAINMENT |
$1 MILLION |
$3.6 MILLION |
$14 MILLION |
$36.8 MILLION |
|
FOOD/BEVERAGE & TOBACCO |
$700,000 |
$2.8 MILLION |
$2 MILLION |
$26.9 MILLION |
|
FOOD/DRUG STORE CHAINS |
$800,000 |
$1.3 MILLION |
$2.1 MILLION |
$13.2 MILLION |
|
GENERAL MERCHANDISERS |
$700,000 |
$1.5 MILLION |
$1.2 MILLION |
$27.9 MILLION |
|
HEALTH CARE |
$700,000 |
$1.9 MILLION |
$2.3 MILLION |
$24 MILLION |
|
INDUSTRIAL, MACHINERY & METAL PRODUCTS |
$900,000 |
$1.2 MILLION |
$2.9 MILLION |
$17 MILLION |
|
INSURANCE |
$700,000 |
$1.1 MILLION |
$4.1 MILLION |
$22.7 MILLION |
|
MOTOR VEHICLE & PARTS |
$900,000 |
$2 MILLION |
$1.3 MILLION |
$21.7 MILLION |
|
PETROLEUM/CRUDE OIL PRODUCTION & PIPELINES |
$900,000 |
$3.3 MILLION |
$1.9 MILLION |
$25.4 MILLION |
|
PHARMACEUTICALS |
$1.1 MILLION |
$1.5 MILLION |
$9.1 MILLION |
$26.3 MILLION |
|
SECURITIES |
$500,000 |
$800,000 |
$11.8 MILLION |
$16 MILLION |
|
SPECIALTY RETAILERS |
$400,000 |
$2 MILLION |
$2.3 MILLION |
$40.8 MILLION |
|
TELECOMMUNICATIONS |
$900,000 |
$2.1 MILLION |
$6.7 MILLION |
$24.7 MILLION |
|
TRANSPORTATION/DELIVERY |
$500,000 |
$1.3 MILLION |
$2.5 MILLION |
$12.5 MILLION |
|
WHOLESALERS/DISTRIBUTORS |
$700,000 |
$1.1 MILLION |
$1.2 MILLION |
$17.9 MILLION |
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* Total remuneration comprises salary, annual bonus, restricted stock grants, long-term incentive payments and stock option grant value assuming Black-Scholes value of 33.3 percent. |
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