The 14 top-paid CFOs of 2001.
Source: Mercer Human Resource Consulting
a. Incl. $573,442 in long-term incentive-plan payouts.
b. Incl. $15,199,440 in restricted stock grants.
c. Incl. $2,841,500 in restricted stock grants and $1,867,000 in long-term incentive-plan payouts.
d. Incl. $4,015,688 in restricted stock grants.
e. Incl. $5,540,625 in restricted stock grants.
f. Incl. $3,861,000 in long-term incentive plan payouts.
g. Incl. $740,480 in long-term incentive-plan payouts.
*Tyco has demanded arbitration against Swartz to recoup "misappropriated funds and other assets." Previous Tyco filings suggest these misappropriations took place in 1999 and 2000.
| Executive, Company | Base Salary | Bonus | Total Annual Compen- sation | Gain on Option Exercise | Total Long-term Incentives | Direct Compen- sation | Change From 2000 |
| 1. Michael E. Lehman, Sun Microsystems | $600,000 | $0 | $600,000 | $36,027,312 | $36,600,754a | $37,200,754 | -8.4% |
| 2. Mark H. Swartz*, Tyco International | $968,750 | $2,500,014 | $3,468,764 | $13,700,086 | $28,899,526b | $32,368,290 | -47.5% |
| 3. Larry R. Carter, Cisco Systems | $424,212 | $0 | $424,212 | $29,009,200 | $29,009,200 | $29,433,412 | -40.4% |
| 4. Anthony S. Thornley, Qualcomm | $529,241 | $350,000 | $879,241 | $19,408,210 | $19,408,210 | $20,287,451 | 167.6% |
| 5. James G. Stewart, Cigna | $701,900 | $600,000 | $1,301,900 | $9,424,051 | $14,132,551c | $15,434,451 | 126.5% |
| 6. Dennis L. Winger, Applera | $427,459 | $201,550 | $629,009 | $7,969,361 | $11,985,049d | $12,614,058 | 60.4% |
| 7. M. Scot Kaufman, MBNA | $1,600,000 | $3,601,393 | $5,201,393 | $0 | $5,540,625e | $10,742,018 | 10.3% |
| 8. David L. Shedlarz, Pfizer | $772,800 | $736,900 | $1,509,700 | $4,046,646 | $7,907,646f | $9,417,346 | 56.4% |
| 9. David A. Viniar, Goldman Sachs | $600,000 | $8,380,500 | $8,980,500 | $0 | $0 | $8,980,500 | -21.3% |
| 10. John R. Joyce, IBM | $518,750 | $650,000 | $1,168,750 | $4,695,812 | $5,436,292g | $6,065,042 | NA |
| 11. Wallace G. Haislip, Scientifi-Atlanta | $316,923 | $307,000 | $623,923 | $4,689,644 | $5,650,606 | $6,274,529 | 134.4% |
| 12. Theodore R. French, Textron | $550,000 | $330,000 | $880,000 | $0 | $4,758,470 | $5,638,470 | NA |
| 13. Richard B. Kelson, Alcoa | $535,096 | $550,000 | $1,085,096 | $3,737,753 | $3,737,753 | $4,822,849 | -61.1% |
| 14. James H. Hance Jr., Bank of America | $1,166,667 | $3,600,000 | $4,766,667 | $0 | $0 | $4,766,667 |
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