Human Capital & Careers

2001 Versus 2000 CFO Pay: Where Are They Now?

Three of top earners of 2000 made 96 percent less the next year.
CFO.com StaffAugust 2, 2002

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 of 2000: How They Fared in 2001
(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
Mark H. Swartz, Tyco International $969 $2,500 $3,469 $13,700 $28,900 a $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%
Michael E. Lehman, Sun Microsystems $600 $0 $600 $36,027 $36,601 b $37,201
Change from 2000 -4% -66% -8%
Robert P. Wayman, Hewlett-Packard $925 $0 $925 $0 $0 $925
Change from 2000 9%   -26%     -96%
Fred D. Anderson, Apple Computer $657 $0 $657 $0 $0 $657
Change from 2000 -1%   -1%     -96%
Richard F. Wallman, Honeywell Intl. c N/A N/A N/A N/A N/A N/A
Wilbur G. Stover Jr., Micron Technology $392 $20 $412 $1,168 $1,168 $1,580
Change from 2000 4%   N/A     N/A
Joseph R. Bronson, Applied Materials $455 $0 $455 $0 $0 $455
Change from 2000 -6%   -84%     -96%
Richard B. Kelson, Alcoa $535 $550 $1,085 $3,738 $3,738 $4,823
Change from 2000 8%   2%     -61%
David A. Viniar, Goldman Sachs $600 $8,381 $8,981 $0 $0 $8,981
Change from 2000 0% -21.3% -21.3%

a. Includes $15,199,440 in restricted stock grants.

b. Includes $573,442 in long-term incentive plan payouts.

c. Not included in this year’s sample because proxy was filed June 14, 2002.

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