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|Friday, September 01, 2006|
OUR ANNUAL RANKING OF THE 50 HIGHEST-PAID PUBLIC COMPANY CEOS IN OREGON
By Linda Steffen and Bill Smith
This year’s ranking of the highest-paid public company CEOs in Oregon saw total compensation fall 0.4%, in contrast to last year’s 17.7% increase. The drop was the result of a 33% decline in overall bonus amounts.
In 2005, CEOs on our list made on average $1.8 million, a $7,414 decrease from 2004. On average, there was a $5,084 increase in base pay, up 1.1 %, while bonus amounts fell by $134,807 to $285,275.
Five new companies made the list, while six of the firms from last year appointed new CEOs. PW Eagle (No. 23) had the highest-paid CEO out of the new companies, paying Jerry Duke approximately $1.1 million. Nike’s William Perez was the highest-paid CEO, earning approximately $16.5 million, the bulk of which consisted of stock options. Perez has since left the company.
The value of long-term incentives such as stock options, restricted stock, performance shares and cash long-term incentives increased an average of $111,370 (12.6%). Other compensation averaged $67,032, down $1,762 (2.6%) from 2004.
A CEO’s base-salary disclosure will remain the same under the new rules, while bonus disclosure will change slightly. If the bonus earned during the year cannot be measured until after the proxy filing, new rules require a current report to state the bonus value and the new total compensation amounts, rather than waiting until the next proxy filing to disclose the bonus amount.
New disclosure rules state that stock grants will include any full-value grant of shares, such as restricted stock or performance shares. Value of the stock grants will be calculated by taking the share price at grant and multiplying this by the number of shares granted (according to FAS123R). The number of years over which the shares are actually earned and vested will not affect the value, as the full amount of the grant will be reported in the year of grant.
Value of vested performance shares will no longer be captured within the table and only the value of the shares granted will appear in the year of grant. If these rules had been in place for the 2005 proxy season, a few CEOs in our list would have seen different values related to their performance shares. StanCorp Financial Group’s CEO, Eric Parsons, would have seen a $384,000 reduction if the new rules applied to the company’s 2005 proxy disclosure. StanCorp disclosed a value of $1.49 million for the performance shares that vested in 2005. Under the new rules, this figure would be replaced with a $1.06 million disclosure of the target value of performance shares granted in the year.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Wednesday, August 20, 2014
By Kim Moore | OB Editor
The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Wednesday, August 13, 2014
BY TOM COX | OB BLOGGER
When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
Wednesday, August 06, 2014
BY LINDA BAKER | OB EDITOR
Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
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Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.