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CEO pay slims down

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Archives - September 2009
Monday, August 17, 2009
LIST RESEARCH AND STORY BY BRANDON SAWYER

OREGON’S HIGHEST-PAID CEOs for public companies had a rough year, but they fared better than their company stocks did. Total compensation fell 3.6% from last year. By contrast, annual wages averaged $41,430 for all Oregon occupations and $160,710 for Oregon’s chief executives, according to the Bureau of Labor Statistics’ May 2008 wage survey. Our CEOs earned a combined total of $82 million. Pay components were similar to last year, except bonuses fell to 5% from 8% and changes in CEO pension value rose to 11% from 9%.

Among this year’s top 40, 22 received greater compensation than the past year and 14 received less.

With the exception of Lithia’s Sid DeBoer (No. 24), CEOs listed last year all shifted ranks. Four CEOs were newly recruited last year and 13 of those listed are no longer serving as CEO, including numero uno, John Carter of Schnitzer Steel, who surged past last year’s topper, Precision Castparts’ Mark Donegan (No. 4), with earnings of $9.1 million. Earl Lewis shot up to No. 2 to become the highest-paid CEO still serving. His total compensation increased 128% to $8.9 million while FLIR’s stock fell 2% over the year. Bruce Davis (No. 8) saw a 163% increase in his pay, climbing to No. 8, from 21 last year, as Digimarc’s stock jumped 14%. PGE’s former CEO Peggy Fowler (No. 5), Umpqua Bank’s Ray Davis (No. 7) and Schnitzer’s Carter each had incomes increase by more than 50% despite company stock declines during 2008.

In fact, only four of the 40 CEOs saw their company’s stock rise in value during 2008. While their pay dipped only slightly, an astounding amount of CEO turnover in Oregon may reflect the nation’s recent economic turmoil. Fewer than half of the CEOs who made our list in 2008 still hold their positions today.

CEO_PayCharts



RANK 2009 RANK 2008 EXECUTIVE AGE COMPANY 2008 / 2007
TOTAL
2008 SALARY / BONUS 2008 STOCK / OPTION AWARDS 2008 NON-EQUITY INCENTIVE PLAN COMP. / CHG. IN PENSION VALUE 2008 ALL OTHER COMP. % CHG. TOTAL COMP. / STOCK PRICE '07-'08
1 3 John D. Carter* 62 Schnitzer Steel Industries 9,093,156
5,895,950
855,738
801,000
1,852,657
275,555
5,199,000
5,815
103,391 54.2%
-45.5%
2 6 Earl R. Lewis 65 FLIR Systems 8,917,342
3,917,426
823,206
-
657,932
1,453,590
2,095,500
3,847,576
39,538 127.6%
-2.0%
3 1 Mark Donegan 52 Precision Castparts Corp.** 7,417,002
9,159,660
1,275,000
500,000
-
4,347,558
1,189,350
63,830
41,264 -19.0%
-57.1%
4 2 Mark G. Parker 52 Nike** 7,306,694
8,800,587
1,463,462
-
1,434,102
3,319,005
900,000
-
190,125 -17.0%
-20.6%
5 9 Peggy Y. Fowler* 57 Portland General Electric Co. 4,522,982
2,770,469
664,736
-
907,611
-
728,009
2,189,936
32,690 63.3%
-29.9%
6 5 Eric E. Parsons* 60 StanCorp Financial Group 3,870,802
4,621,121
725,000
174,000
902,425
967,107
532,440
475,517
94,313 -16.2%
-17.1%
7 12 Raymond P. Davis 59 Umpqua Holdings Corp. 3,334,363
2,072,528
714,000
-
807,051
397,427
297,525
1,048,916
69,444 60.9%
-5.7%
8 21 Bruce Davis 56 Digimarc Corp. 3,082,857
1,172,886
410,000
-
1,045,912
1,157,453
463,000
-
6,492 162.8%
14.0%
9 7 Don R. Kania 54 FEI Co. 2,607,008
3,472,677
577,500
-
876,368
876,469
273,735
-
2,936 -24.9%
-24.0%
10 4 Mark S. Dodson* 64 Northwest Natural Gas Co. 2,529,128
4,894,439
602,000
149,021
279,109
133,625
398,079
865,423
101,871 -48.3%
-9.1%
11 14 James S. Osterman 71 Blount International 2,324,593
1,897,939
745,775
835,000
632,290
-
-
-41,924
153,452 22.5%
-23.0%
12 17 Scott. C. Grout 46 RadiSys Corp. 2,261,466
1,562,586
476,242
-
522,162
613,836
641,066
-
8,160 44.7%
-58.7%
13 10 Walden C. Rhines 62 Mentor Graphics Corp.** 2,148,278
2,409,266
659,551
-
-
1,465,383
-
-
23,344 -10.8%
-52.0%
14 13 Robert C. Warren, Jr. 60 Cascade Corp.** 1,629,901
1,987,684
540,000
-
691,775
324,472
-5
-
73,659 -18.0%
-35.7%
15 25 William A. Furman 64 Greenbrier Companies 1,394,646
1,066,982
708,333
-
232,038
-
-
-
454,275 30.7%
-69.1%
16 18 Nicholas Konidaris 64 Electro Scientific Industries** 1,364,560
1,441,769
468,598
638,340
-
153,567
98,780
-
5,275 -5.4%
-65.8%
17 26 Gerald K. Perkel 53 Planar Systems 1,298,575
1,032,449
452,539
-
446,220
272,481
99,162
-
28,173 25.8%
-90.5%
18 23 Patricia L. Moss 55 Cascade Bancorp 1,188,073
1,098,732
391,400
-
182,897
85,489
-
477,709
50,578 8.1%
-51.5%
19 30 Robert D. Sznewajs 62 West Coast Bancorp 1,152,884
830,412
360,000
-
608,133
134,089
-
37,267
13,395 38.8%
-64.4%
20 NR Bruno Guilmart*** 48 Lattice Semiconductor Corp.** 1,060,031
NA
307,506
290,000
-
296,030
-
-
166,495 NA
-53.5%
21 27 Ralph G. Quinsey 53 TriQuint Semiconductor 1,055,540
968,794
414,953
40,000
-
590,033
-
-
10,554 9.0%
-48.1%
22 30 Michael D. Burger 50 Merix Corp. 1,052,842
831,951
600,000
-
44,480
106,002
-
-
302,360 26.6%
-94.0%
23 NR Leslie Hudson, Ph.D.*** 62 AVI Biopharma† 1,049,871
NA
411,551
196,020
109,000
137,514
-
-
195,786 NA
-53.3%
24 24 Sidney B. DeBoer 65 Lithia Motors 1,048,149
1,070,873
840,000
-
-
187,568
-
-
20,581 -2.1%
-76.3%
25 28 Joseph P. Schneider 49 LaCrosse Footwear 938,344
946,732
440,000
-
-
85,902
393,125
-
19,317 -0.9%
-28.8%
26 16 Timothy P. Boyle 59 Columbia Sportswear Co. 827,799
1,725,185
804,231
-
-
-
-
-
23,568 -52.0%
-19.8%
27 NR Bruce A. Walicek*** 52 Pixelworks 818,632
NA
343,750
-
-
149,882
325,000
-
- NA
-5.3%
28 NR David J. Mickelson†† NA Craft Brewers Alliance Inc. 757,930
289,789
217,081
67,388
-
-
-
-
473,461 161.5%
-82.0%
29 NR Geoff Wild*** 52 Cascade Microtech 688,450
NA
369,102
-
100,475
88,922
49,026
-
80,925 NA
-80.9%
30 NR Paul S. Shipman†† 55 Craft Brewers Alliance Inc. 666,709
429,692
187,982
55,085
-
-
-
-
423,642 55.2%
-82.0%
31 34 Paul A. Rosenbaum* 66 Rentrak Corp.** 636,116
635,234
475,000
-
-
114,546
-
-
46,570 0.1%
-18.5%
32 33 Douglas L. Schmick* 61 McCormick & Schmick’s Seafood Restaurants 574,545
668,203
415,385
-
142,609
-
-
-
16,551 -14.0%
-66.3%
33 37 Hal M. Brown 55 Pacific Continental Corp. 516,025
435,850
292,050
153,120
-
45,684
-
-
25,171 18.4%
19.6%
34 35 John L. Anhorn* 66 PremierWest Bancorp 485,243
590,042
254,064
-
-
2,252
-
178,031
50,896 -17.8%
-41.5%
35 NR Douglas M. Pihl* 69 MathStar 463,331
262,414
216,286
-
-
20,767
-
-
226,278 76.6%
23.1%
36 NR Patrick W. Cavanagh 55 Williams Controls 432,714
289,000
260,000
-
-
-
163,514
-
9,200 49.7%
-57.5%
37 NR Dr. Gregory R. Hahn* 53 Synthetech** 416,400
291,744
211,250
155,000
-
28,312
-
-
21,838 42.7%
31.9%
38 NR Patricia Gibford 62 Clear Choice Health Plans 381,735
309,600
367,816
-
-
-
-
-
13,919 23.3%
-44.6%
39 NR Rodney M. Boucher* 65 EnergyConnect Group** 375,308
353,845
300,000
-
-
61,334
-
-
13,974 6.1%
-86.5%
40 36 Roger L. Christensen* 51 Columbia Bancorp 205,576
488,956
303,427
-
21,086
59,707
1,335
-
15,723 -37.9%
-87.8%
CLICK HERE FOR LIST IN A LARGER WIDTH LIGHTBOX

RANK 2009 RANK 2008 EXECUTIVE AGE COMPANY 2008 / 2007
TOTAL
2008 SALARY / BONUS 2008 STOCK / OPTION AWARDS 2008 NON-EQUITY INCENTIVE PLAN COMP. / CHG. IN PENSION VALUE 2008 ALL OTHER COMP. % CHG. TOTAL COMP. / STOCK PRICE '07-'08
1 3 John D. Carter* 62 Schnitzer Steel Industries 9,093,156
5,895,950
855,738
801,000
1,852,657
275,555
5,199,000
5,815
103,391 54.2%
-45.5%
2 6 Earl R. Lewis 65 FLIR Systems 8,917,342
3,917,426
823,206
-
657,932
1,453,590
2,095,500
3,847,576
39,538 127.6%
-2.0%
3 1 Mark Donegan 52 Precision Castparts Corp.** 7,417,002
9,159,660
1,275,000
500,000
-
4,347,558
1,189,350
63,830
41,264 -19.0%
-57.1%
4 2 Mark G. Parker 52 Nike** 7,306,694
8,800,587
1,463,462
-
1,434,102
3,319,005
900,000
-
190,125 -17.0%
-20.6%
5 9 Peggy Y. Fowler* 57 Portland General Electric Co. 4,522,982
2,770,469
664,736
-
907,611
-
728,009
2,189,936
32,690 63.3%
-29.9%
6 5 Eric E. Parsons* 60 StanCorp Financial Group 3,870,802
4,621,121
725,000
174,000
902,425
967,107
532,440
475,517
94,313 -16.2%
-17.1%
7 12 Raymond P. Davis 59 Umpqua Holdings Corp. 3,334,363
2,072,528
714,000
-
807,051
397,427
297,525
1,048,916
69,444 60.9%
-5.7%
8 21 Bruce Davis 56 Digimarc Corp. 3,082,857
1,172,886
410,000
-
1,045,912
1,157,453
463,000
-
6,492 162.8%
14.0%
9 7 Don R. Kania 54 FEI Co. 2,607,008
3,472,677
577,500
-
876,368
876,469
273,735
-
2,936 -24.9%
-24.0%
10 4 Mark S. Dodson* 64 Northwest Natural Gas Co. 2,529,128
4,894,439
602,000
149,021
279,109
133,625
398,079
865,423
101,871 -48.3%
-9.1%
11 14 James S. Osterman 71 Blount International 2,324,593
1,897,939
745,775
835,000
632,290
-
-
-41,924
153,452 22.5%
-23.0%
12 17 Scott. C. Grout 46 RadiSys Corp. 2,261,466
1,562,586
476,242
-
522,162
613,836
641,066
-
8,160 44.7%
-58.7%
13 10 Walden C. Rhines 62 Mentor Graphics Corp.** 2,148,278
2,409,266
659,551
-
-
1,465,383
-
-
23,344 -10.8%
-52.0%
14 13 Robert C. Warren, Jr. 60 Cascade Corp.** 1,629,901
1,987,684
540,000
-
691,775
324,472
-5
-
73,659 -18.0%
-35.7%
15 25 William A. Furman 64 Greenbrier Companies 1,394,646
1,066,982
708,333
-
232,038
-
-
-
454,275 30.7%
-69.1%
16 18 Nicholas Konidaris 64 Electro Scientific Industries** 1,364,560
1,441,769
468,598
638,340
-
153,567
98,780
-
5,275 -5.4%
-65.8%
17 26 Gerald K. Perkel 53 Planar Systems 1,298,575
1,032,449
452,539
-
446,220
272,481
99,162
-
28,173 25.8%
-90.5%
18 23 Patricia L. Moss 55 Cascade Bancorp 1,188,073
1,098,732
391,400
-
182,897
85,489
-
477,709
50,578 8.1%
-51.5%
19 30 Robert D. Sznewajs 62 West Coast Bancorp 1,152,884
830,412
360,000
-
608,133
134,089
-
37,267
13,395 38.8%
-64.4%
20 NR Bruno Guilmart*** 48 Lattice Semiconductor Corp.** 1,060,031
NA
307,506
290,000
-
296,030
-
-
166,495 NA
-53.5%
21 27 Ralph G. Quinsey 53 TriQuint Semiconductor 1,055,540
968,794
414,953
40,000
-
590,033
-
-
10,554 9.0%
-48.1%
22 30 Michael D. Burger 50 Merix Corp. 1,052,842
831,951
600,000
-
44,480
106,002
-
-
302,360 26.6%
-94.0%
23 NR Leslie Hudson, Ph.D.*** 62 AVI Biopharma† 1,049,871
NA
411,551
196,020
109,000
137,514
-
-
195,786 NA
-53.3%
24 24 Sidney B. DeBoer 65 Lithia Motors 1,048,149
1,070,873
840,000
-
-
187,568
-
-
20,581 -2.1%
-76.3%
25 28 Joseph P. Schneider 49 LaCrosse Footwear 938,344
946,732
440,000
-
-
85,902
393,125
-
19,317 -0.9%
-28.8%
26 16 Timothy P. Boyle 59 Columbia Sportswear Co. 827,799
1,725,185
804,231
-
-
-
-
-
23,568 -52.0%
-19.8%
27 NR Bruce A. Walicek*** 52 Pixelworks 818,632
NA
343,750
-
-
149,882
325,000
-
- NA
-5.3%
28 NR David J. Mickelson†† NA Craft Brewers Alliance Inc. 757,930
289,789
217,081
67,388
-
-
-
-
473,461 161.5%
-82.0%
29 NR Geoff Wild*** 52 Cascade Microtech 688,450
NA
369,102
-
100,475
88,922
49,026
-
80,925 NA
-80.9%
30 NR Paul S. Shipman†† 55 Craft Brewers Alliance Inc. 666,709
429,692
187,982
55,085
-
-
-
-
423,642 55.2%
-82.0%
31 34 Paul A. Rosenbaum* 66 Rentrak Corp.** 636,116
635,234
475,000
-
-
114,546
-
-
46,570 0.1%
-18.5%
32 33 Douglas L. Schmick* 61 McCormick & Schmick’s Seafood Restaurants 574,545
668,203
415,385
-
142,609
-
-
-
16,551 -14.0%
-66.3%
33 37 Hal M. Brown 55 Pacific Continental Corp. 516,025
435,850
292,050
153,120
-
45,684
-
-
25,171 18.4%
19.6%
34 35 John L. Anhorn* 66 PremierWest Bancorp 485,243
590,042
254,064
-
-
2,252
-
178,031
50,896 -17.8%
-41.5%
35 NR Douglas M. Pihl* 69 MathStar 463,331
262,414
216,286
-
-
20,767
-
-
226,278 76.6%
23.1%
36 NR Patrick W. Cavanagh 55 Williams Controls 432,714
289,000
260,000
-
-
-
163,514
-
9,200 49.7%
-57.5%
37 NR Dr. Gregory R. Hahn* 53 Synthetech** 416,400
291,744
211,250
155,000
-
28,312
-
-
21,838 42.7%
31.9%
38 NR Patricia Gibford 62 Clear Choice Health Plans 381,735
309,600
367,816
-
-
-
-
-
13,919 23.3%
-44.6%
39 NR Rodney M. Boucher* 65 EnergyConnect Group** 375,308
353,845
300,000
-
-
61,334
-
-
13,974 6.1%
-86.5%
40 36 Roger L. Christensen* 51 Columbia Bancorp 205,576
488,956
303,427
-
21,086
59,707
1,335
-
15,723 -37.9%
-87.8%

*No longer serving as CEO.
**Compensation reported for 2009 when last fiscal year ended.
***Became CEO during the most recent fiscal year, generally 2008.
†Company is no longer publicly held and/or headquartered in Oregon.
 

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