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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.
Tuesday, December 09, 2014
BY LINDA BAKER
On the eve of the Portland Ad Federation's Rosey Awards, Matt Anderson, CEO of Struck, talks about the transition from creative director to CEO, the Portland talent pool and whether data is the new black in the creative services sector.
Saturday, December 13, 2014
Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.
Thursday, December 11, 2014
BY JESSICA RIDGWAY
Lawger upends the typical hourly based fee model by letting clients determine the cost.
Wednesday, October 22, 2014
BY JESSICA RIDGWAY
Bob Dethlefs, CEO of Evanta, balances work and play.
Monday, November 10, 2014
BY KIM MOORE | OB RESEARCH EDITOR
A market for low-carbon transportation fuels has a chance to flourish in Oregon if regulators adopt the second phase of the state’s Clean Fuels Program.
Thursday, December 11, 2014
BY APRIL STREETER
Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.
Thursday, December 04, 2014
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Nothing says startup culture like a ping pong table in the office, lounge or lobby.
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