While many Oregon workers have resigned themselves to stagnant
wages over the last few years in an uncertain economy,
Oregon’s public company CEOs saw no income dip during the
last fiscal year. For those with reported incomes during the
last two years, average pay leapt 22% in 2007 to $2.1 million.
Salary remains the largest chunk of their money pie, yet
accounts for only about a quarter of their compensation. Other
significant slices (in order of size) are option awards,
non-equity incentive plans, stock awards and changes in pension
value.
Coming off a lucrative year for the company, Precision
Castparts CEO Mark Donegon is the leader of the pack. He earned
almost $3 million more than relative newcomer Mark Parker, CEO
of Nike, the most prominent company headquartered in Oregon.
Schnitzer Steel’s John Carter, NW Natural’s Mark
Dodson and StanCorp Financial’s Eric Parsons all followed
close behind in the $4 million-plus range.
The average age of the list’s CEOs is 57. It includes
only two women: Peggy Fowler (No. 10) of PGE and Cascade
Bancorp’s Patricia Moss (No. 24). Four on the list are no
longer serving as CEO, including Hans Olson (No. 16,
Pixelworks), Mark Hollinger (No. 20, Merix Corp.), Denis Burger
(No. 23, AVI Biopharma) and Eric Strid (No. 40, Cascade
Microtech).
Where did they go? What does it matter that Oregon hasn't seen an IPO for years?
Down the line The future of the seafood industry rests with leaders such as Pacific Seafood’s Frank Dulcich, and his ability to balance strong-willed business tactics with collaboration.
Economist Tim Duy tempers state's optimism How will Oregon weather the economic storm in comparison to the rest of the nation? This question is at the top of the list for local policymakers and firms.
Car dealers collapse as sales drive off a cliff At first glance, the car lot in outer Southeast Portland looks like all the others nearby, plentifully stocked with “Dealer’s Specials” and “Fresh Start Financing” deals.
Q&A with Jeff Merkley on business Shortly after he defeated Republican Gordon Smith in early November, U.S. Senator-elect Jeff Merkley caught his breath just long enough to talk briefly about how he would address the challenges facing Oregon businesses.
Telecom suffers and shrinks The loss of 100 Oregon jobs from Denver-based Qwest, part of 1,200 jobs the telecom company said it would cut nationwide by year’s end, is another blow to an already shrinking job sector in Oregon.
Goodies can’t hold Hynix or Freightliner The meticulously designed SolarWorld facility that has brought hundreds of new jobs to Hillsboro did not come for free.
Bottle bill changes uncork opposition When Oregon became the first state in the nation to pass a bottle bill in 1971, the program built swiftly into a success, with a recovery rate of more than 90%.
The boxer rebellion If ever there was a persuasive reason to start a men’s underwear shop in downtown Portland, Steven Lien thinks he has it. “Women,” he observes, “are tired of seeing guys in bad underwear.”
TOP CEO PAY
