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

Reader Input: Fair Play

May 2015
Wednesday, July 15, 2015

Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.


Read more...

Stemming the tide of money in politics

Linda Baker
Wednesday, June 10, 2015
 jeff-lang-2012-thumbBY LINDA BAKER

Jeff Lang and his wife Rae used to dole out campaign checks like candy.  “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”


Read more...

Modern design defines new Portland indoor market

The Latest
Thursday, June 25, 2015
thumbSnøhetta JBPM exterior www mir noBY KIM MOORE | RESEARCH EDITOR

An international architecture firm known for its design of the National September 11 Memorial Museum Pavilion in New York unveiled its plan this week for a modern indoor/outdoor food market at the foot of the Morrison Bridge in downtown Portland.


Read more...

Reader Input: Energy Overload

June 2015
Wednesday, July 15, 2015

We asked readers to weigh in on the fossil fuel-green energy equation.


Read more...

Photo log: Murray's Pharmacy

The Latest
Friday, July 17, 2015
OBM-Heppner-Kaplan thumbBY JASON KAPLAN

Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner.  The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.


Read more...

Reader Input: Rx for Health Care

July/August 2015
Wednesday, July 15, 2015

We asked readers how Obamacare has impacted their business.


Read more...

10 Innovators in Rural Health

July/August 2015
Monday, July 13, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

Telemedicine, new partnerships and real estate diversification make health care more accessible in rural Oregon.


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