Human Capital & Careers

From Today’s Proxies: Bud’s CFO Comp Not So Lite

Apple, Schering-Plough CFOs realize huge gains from options.
Michelle GabrielleMarch 13, 2001


(Beginning today, CFO.com will publish a new daily feature that will highlight the pay packages of CFOs whose company proxy statements were recently published.)

  • Anheuser Busch Cos. Inc.’s VP and CFO W. R. Baker took home more than $1 million last year, according to the company’s recently released proxy filing. He earned $475,000 in salary, a $500,000 bonus and $50,939 in all other compensation at the St. Louis, Mo.-based company. Total Compensation: $1,025,939. Last year, the beer maker’s sales increased 5 percent to $12.26 billion while net income increased 11 percent to $1.55 billion.
  • Sherwin Williams Co.’s SVP/Finance, treasurer and CFO L.J. Pitorak, earned $396,552 in salary, $240,000 in bonus and $40,337 in exercised options at the Cleveland-based maker of coatings and related products. Total Compensation: $676,889.
  • Hunt Corp.’s SVP/Finance, CFO and Secretary William E. Chandler, earned $236,477 in salary and $4,542 in all other compensation at the Philadelphia-based manufacturer and marketer of products for consumer and commercial graphics applications. Total Compensation: $219,901.
  • Old Second Bancorp Inc.’s CFO J. Douglas Cheatham, earned $156,000 in salary and $54,701 in all other compensation at the Aurora, Ill.-based bank. Total Compensation: $210,701.
  • Mischottenstein Homes Inc.’s former SVP and CFO Kerrii B. Anderson, earned $155,817 in salary and other compensation and $124,494 in exercised options at the Columbus, Ohio-based company. Total compensation: $280,311.
  • Arch Chemicals Inc.’s VP and CFO Louis S. Massimo, earned $300,000 in salary, $60,000 in bonus and $14,849 in all other compensation at the Norwalk, Conn.-based company. Total compensation: $374,849.
  • Macatawa Bank Corp.’s CFO Steven L. Germond, earned $61,346 in salary and $7,631 in all other compensation at the Zeeland, M.I.-based company. Total Compensation: $68,977.

March 12 Proxy Releases

  • Schering Plough Corp.’s EVP and CFO Jack L. Wyzomierski, earned $475,000 in salary, $273,500 in bonus and $103,037 in other compensation. He also took home $6,884,571 from exercised options at the Madison, N.J.-based pharmaceuticals company. Total Compensation: $7,736,108.
  • Apple Computer Inc.’s EVP and CFO Fred D. Anderson, earned $660,414 in salary and $6,750 in other compensation. He also received $16,821,525 from exercised options at the Cupertino, Calif.- based company. Total Compensation: $17,488,689.