Highest-paid Oregon CEOs earn less

| Print |  Email
Articles - September 2010
Friday, August 20, 2010

0910_CEOpay01 Bonuses plummet and pay slides for the highest-paid public company CEOs

LIST RESEARCH AND STORY BY BRANDON SAWYER

The highest-paid CEOs Oregon public companies shared some of the pink slips and wage cuts that were common across all industries in the past year.

For 2009, the total pay for this year’s Top 40 dropped 5% versus last year’s Top 40, and nearly half the current crop received less compensation than they did the prior year. Bonuses plummeted 59%.

Salaries, non-equity incentives, pension values and other income also fell. The only components that grew were equity stakes: stock awards by 10% and option awards by 19%. Together they account for 45% of our CEO-pay pie, versus just 37% last year. Meanwhile, average stock prices from their companies rose 22% during 2009, no surprise given the market malaise at the end of 2008.

Among the 40 highest-paid top executives, 16 are new to the list: six replaced those from firms that no longer qualify as Oregon-based public companies; while 10 were handed the job in the past year.

Just two of the CEOs are women, Tamara Lundgren (No. 4), the new chief of Schnitzer Steel and Cascade Bancorp’s Patricia Moss (No. 25). The average age is 57, the youngest being 45-year-old Joshua Collins (No. 6) of Blount, and 74-year-old Chester Paulson (No. 38) of Paulson Capital being the oldest.

Nike’s Mark Parker sprinted from fourth to first place, bringing in $13.1 million, while Nike stock appreciated 27% during the fiscal year. Precision Castparts’ Mark Donegan and FLIR’s Earl Lewis traded second and third places, but the biggest climbers by rank were Columbia Sportswear’s Tim Boyle (No. 16) and Patrick Cavanagh of Williams Controls (No. 26). Digimarc’s Mark Davis (No. 27) fell the most with a 91% drop in pay from last year.

0910_CEOpay02 0910_CEOpay03
0910_CEOpay04

 



 

More Articles

Convention Wisdom

February 2015
Monday, January 26, 2015
BY KIM MOORE

After more than a decade of wrangling, construction on a convention center hotel in Portland is slated to start this summer. But debate over project financing continues.


Read more...

Corner Office: Pam Edstrom

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.


Read more...

Light Moves

February 2015
Monday, January 26, 2015
BY JACOB PALMER

Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.


Read more...

Raising the Stakes

February 2015
Monday, January 26, 2015
BY LINDA BAKER

The 2014 Bend Venture Conference set a record for the most cash, investments and prizes awarded at an angel conference in the Pacific Northwest. Investments in the six winning companies exceeded $1 million. The 11th annual conference was hosted by Economic Development of Central Oregon.


Read more...

Will Medford Ever Be Cool?

February 2015
Friday, January 23, 2015
BY DAN COOK | PHOTOS BY JASON E. KAPLAN

A real-estate developer and a Lithia Motors executive aim to revamp the city's forlorn downtown.


Read more...

Imperial Palate

February 2015
Tuesday, January 27, 2015

Power Lunch at the Imperial.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS