Greed and Good, an American Library Association “outstanding
title of the year” (Choice, January 2006), explores the origins and impact of the executive pay explosion — and outlines the most promising alternatives to it. Greed and Good now appears free online.

 

The Too Much Executive Pay Scorecard

This Too Much chart compares the various CEO pay reports released in 2005. These cover the 2004 corporate fiscal year. For pay reports on CEO compensation in 2006, please check our current top executive pay scorecard. For earlier comparisons, see our Executive Pay Scorecards for pay in 2005 and 2006.

Source

Methodology

Median CEO pay

Annual increase

Worth noting

USA Today
March 30, 2005
Survey by eComp Data Services covers 225 U.S. companies that had filed proxy statements through March 25. Pay includes salary, bonus, incentives, stock awards, stock-option gains, and "potential returns from fresh option grants." $13.7 million 25% Coach CEO Lew Frankfort reaped an $84 million windfall in 2004 exercising options he had received in previous years and received new options in 2004 worth over $130 million.
New York Times
April 3, 2005
Survey by Pearl Meyer & Partners covers CEOs of 179 U.S. companies that had filed by March 29 and not changed leaders since last year. Includes salary, bonus, value of restricted stock and other long-term incentives. Does not include the value of options exercised. Does include value of new option grants. $9.84 million 12% Blockbuster CEO John F. Antioco took home $7 million in salary and bonus in 2004, plus "5 million options and nearly $27 million worth of restricted stock." Not bad for a CEO whose company lost $1.25 billion.
Wall Street Journal
April 11, 2005
Survey by Mercer Human Resource Consulting covers CEOs of 350 U.S. companies with over $1 billion in revenue that had filed by April 4. Pay includes salary, bonuses, gains from option exercises, other long-term incentive payouts, and the value of restricted shares at the time of grant. $5.9 million 40.9% Increase in 2004 pay for corporate white-collar staff: 3.4%
Business Week
April 18, 2005
Survey covers CEOs of 367 companies. New methodology this year does not count windfalls from option exercises as part of the annual pay package. Instead counts only the value of annual option grants. Yahoo CEO Terry Semel realized $230 million in option gains in 2003, but only credited for $120 million for the year, a total that reflects the new option grants he received in 2004. $9.6 million 15% About 40 CEOs took home over $20 million, even without including windfalls from the exercise of stock options. Year's average worker pay: $33,176, up 2.9% from 2003.
Forbes
May 9, 2005
Survey covers CEOs of "America's 500 biggest companies (as measured by a composite ranking of sales, profits, assets and market value). Pay "includes vested restricted stock grants and 'stock gains,' the value realized from exercising stock options during the just-concluded fiscal year." $10.2 million 54% In 2004, 13 CEOs took home more than $50 million. The top 100 CEOs for the year all made over $13.3 million.
Bloomberg May 11, 2005 Survey by compensation analyst Graef Crystal covers CEOs of 501 corporations worth at least $3 billion. The annual figure represents a three-year average of the 2002, 2003, and 2004 fiscal years. Pay includes salary and bonuses, restricted stock and stock option awards, other forms of long-term incentive compensation as well as miscellaneous pay sources. $5.4 million 22% The 22% percent median pay increase topped the 19.5% median return to shareholders in 2004 and the 2.7% average increase in worker wages for the year. Inflation for the year jumped 3.1%.
Corporate Library
October 27, 2005
Survey covers 2,000 of the largest U.S. corporations and includes data from proxies filed through June 2005. Pay figures include stock option earnings. $5.74 million 30% Some 27 CEOs saw their 2004 pay soar over 1,000%, led by Lam Research CEO James Bagley, whose pay rose 7,440% after cashing out $31 million in stock option profits, and Advance Auto Parts CEO Michael Coppola, who registered $42 million in option profits for a 4,100% pay hike.
Regional        
San Jose Mercury News
May 23, 2005
Survey by consultants at Equilar looked at pay data from 728 senior executives at 150 of Silicon Valley's largest companies. Pay includes salary, bonuses, options gains, and other forms of compensation. $758,520 26%(Average pay for year, $2.9 million, up 57%.) The 728 execs in this Silicon Valley survey collectively collected $2.1 billion in pay during 2004. Average pay for Silicon Valley workers down 1% in 2004.
Washington Post
June 27, 2005
Survey covered 764 top executives at 157 local D.C. metro area companies that publicly report pay and benefits. Pay “includes salary and bonus, long-term benefits, perks and the projected value of option grants.” $704,713 5% Median total pay for the 100 highest-paid execs in the D.C. area: $5.25 million. The five best-paid execs collectively took home $40.6 million in salary and bonuses, “twice the budget of the D.C. public library system.”
Tampa Bay Business Journal
August 28, 2005
Survey of 25 highest-paid CEOs in the Tampa Bay includes salary, bonus, and other compensation such as perks, matching funds for a 401(k), and life insurance premiums. Does not include stock options. $1,324,000 (average) 34% The number of Tampa Bay area CEOs making at least $2,000, without stock options, jumped from one to five.
 
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