Based on a sample of 234 CFOs at 350 of the largest public companies with revenues over $1 billion that filed corporate proxy statements between July 30, 2001 and April 5, 2002. Figures do not include “all other compensation” or “other annual compensation.” “Total annual compensation” (TAC) equals base salary plus bonus. “Total long-term incentive compensation” (LTI) is the gain on options exercised plus the value of restricted-stock grants plus long-term incentive-plan payouts. “Total direct compensation” equals the sum of TAC and LTI.
Compiled by Mercer Human Resource Consulting
Ten Top-Paid CFOs (all dollar amounts are in thousands) | ||||||
Executive and Company | Base Salary | Bonus | Total Annual Compensation | Gain on Option Exercise | Total Long-Term Incentives | Total Direct Compensation |
Michael E. Lehman, Sun Microsystems | $600 | $0 | $600 | $36,027 | $36,601 a | $37,201 |
Change from 2000 | -4% | -66% | -8% | |||
Mark H. Swartz, Tyco International | $969 | $2,500 | $3,469 | $13,700 | $28,900 b | $32,368 |
Change from 2000 | 26% | 60% | -48% | |||
Larry R. Carter, Cisco Systems | $424 | $0 | $424 | $29,009 | $29,009 | $29,433 |
Change from 2000 | 10% | -66% | -40% | |||
Anthony S. Thornley, Qualcomm | $529 | $350 | $879 | $19,408 | $19,408 | $20,287 |
Change from 2000 | 10% | 3% | 168% | |||
James G. Stewart, Cigna | $702 | $600 | $1,302 | $9,424 | $14,133 c | $15,434 |
Change from 2000 | 5% | -17% | 127% | |||
Dennis L. Winger, Applera | $427 | $202 | $629 | $7,969 | $11,985 d | $12,614 |
Change from 2000 | 4% | -22% | 60% | |||
M. Scot Kaufman, MBNA | $1,600 | $3,601 | $5,201 | $0 | $5,540,625 e | $10,742 |
Change from 2000 | 8% | 16% | 10% | |||
David L. Shedlarz, Pfizer | $773 | $737 | $1,510 | $4,047 | $7,908 f | $9,417 |
Change from 2000 | 11% | 6% | 56% | |||
David A. Viniar, Goldman Sachs | $600 | $8,381 | $8,981 | $0 | $0 | $8,981 |
Change from 2000 | 0% | -21.3% | -21.3% | |||
John R. Joyce, IBM | $519 | $650 | $1,169 | $4,696 | $5,436 g | $6,065 |
Change from 2000 | N/A | N/A | N/A |
a. Includes $573,442 in long-term incentive plan payouts.
b. Includes $15,199,440 in restricted stock grants.
c. Includes $2,841,500 in restricted stock grants and $1,867,000 in long-term incentive plan payouts.
d. Includes $4,015,688 in restricted stock grants.
e. Includes $5,540,625 in restricted stock grants.
f. Includes $3,861,000 in long-term incentive plan payouts.
g. Includes $740,480 in long-term incentive plan payouts.