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Ten Top-Paid CFOs of 2001: How They Fared One Year Later
Lehman, Swartz, Carter, Thornley, Stewart, Winger, Kaufman, Shedlarz, Viniar, Joyce.
CFO.com Staff, CFO.com | US
September 01, 2003

This year's figures are based on a sample of 250 CFOs reported on in the corporate proxy statements of 350 of the largest public companies with revenues over $1 billion that filed proxies between July 30, 2002, and April 4, 2003. The figures do not include "all other compensation" or "other annual compensation."

Ten Top-Paid CFOs of 2001: How They Fared One Year Later
Executive and Company TDC a
% Change
Base Salary
% Change
Bonus
Payment
TAC b
% Change
Gain on Options Exercised Total Long-Term Incentives c
Michael E. Lehman,
Sun Microsystems
$2,304,850
-93.8%
$600,000
0.0%
$122,850 $722,850
20.5%
$1,582,000 $1,582,000
Mark H. Swartz, d
Tyco International
--
--
--
--
-- --
--
-- --
Larry R. Carter,
Cisco Systems
$955,339
-96.8%
$425,700
0.4%
$529,639 $955,339
125.2%
$0 $0
Anthony S. Thornley, e
Qualcomm
--
--
--
--
-- --
--
-- --
James G. Stewart,
Cigna
$7,543,509
-51.1%
$724,600
3.2%
$400,000 $1,124,600
-13.6%
$4,018,909 $6,418,909 f
Dennis L. Winger,
Applera
$868,342
-93.1%
$463,846
8.5%
$341,996 $805,842
28.1%
$0 $62,500 g
M. Scot Kaufman, h
MBNA
--
--
--
--
-- --
--
-- --
David L. Shedlarz,
Pfizer
$4,049,380
-57.0%
$834,000
7.9%
$886,900 $1,720,900
14.0%
$0 $2,328,480 i
David A. Viniar, h
Goldman Sachs
--
--
--
--
-- --
--
-- --
John R. Joyce,
IBM
$1,609,555
-75.6%
$550,000
6.0%
$550,000 $1,100,000
-5.9%
0 $509,555 j

  1. Total direct compensation (TDC) equals total annual compensation plus total long-term incentives.
  2. Total annual compensation (TAC) equals base salary plus bonus.
  3. Total long-term incentives equals gains on options exercised plus restricted-stock values plus long-term incentive plan payouts.
  4. Terminated employment in August 2002. Replaced by David J. Fitzpatrick in September 2002.
  5. Promoted to president and chief operating officer.
  6. Includes $2,400,000 in long-term incentive plan payouts.
  7. Consists of $62,500 in long-term incentive plan payouts.
  8. Not included in compensation table of 2002 proxy.
  9. Consists of $2,328,480 in long-term incentive plan payouts.
  10. Consists of $509,555 in long-term incentive plan payouts.

Source: Mercer Human Resource Consulting



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