- John Remondi, executive vice president for corporate finance of SLM, better known as Sallie Mae, earned more than $9.3 million last year from exercising stock options and then selling the underlying shares. He also received a $300,000 salary and a bonus of $600,000, more than double the prior year’s bonus.
Altogether, he took home more than $10.5 million in 2003.
- Lear Corp. senior vice president and chief financial officer David Waisgras earned more than $3.1 million last year. This included more than $1 million in restricted stock, compared with just $57,500 the prior year, and another $1 million from exercising options.
- Time Warner executive vice president and chief financial officer Wayne Pace took home about $5 million last year. This included a salary of $1 million and a bonus of $2.7 million, up about $1 million from the prior year. Pace also received an award of restricted stock worth $814,000; he received no such award in 2001 or 2002.
- ITT Industries senior vice president and chief financial officer Edward Williams earned more than $2.4 million, including more than $1.1 million from exercising stock options.