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Highest-paid Oregon CEOs earn less

0910_CEOpay01

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%.

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.

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RANK EXECUTIVE (AGE)
COMPANY
TOTAL '09
'08
SALARY '09
'08
BONUS '09
'08
STOCK AWARDS '09
'08
OPTION AWARDS '09
'08
NON-EQUITY INCENTIVE PLAN COMP '09
'08
CHANGE IN PENSION VALUE '09
'08
ALL OTHER COMP '09
'08
CHANGE FROM ’08-’09 CHANGE IN STOCK PRICE 12/31
08-09
'10 '09
1 4" Mark G. Parker (54)
Nike*
$13,118,834
$7,113,395
$1,475,000
$1,463,462
-
-
$3,500,003
$2,250,012
$3,510,270
$2,309,796
$4,441,875
$900,000
-
-
$191,686
$190,125
84.40%
$6,005,439
29.50%
2 3" Mark Donegan (53)
Precision Castparts Corp.*
$10,873,091
$6,994,194
$1,366,875
$1,275,000
$225,000
$500,000
-
-
$5,265,232
$3,924,750
$827,820
$1,189,350
$3,128,050
$63,830
$60,114
$41,264
55.50%
$3,878,897
85.50%
3 2" Earl R. Lewis (66)
FLIR Systems
$5,817,341
$8,917,342
$825,000
$823,206
-
-
$868,530
$657,932
$1,858,017
$1,453,590
$594,000
$2,095,500
$1,627,954
$3,847,576
$43,840
$39,538
-34.80%
-$3,100,001
6.70%
4 NR" Tamara L. Lundgren** (52)
Schnitzer Steel Industries
$3,725,171
$7,100,106
$775,769
$688,793
$225,000
$639,000
$1,398,391
$1,302,073
$52,865
$53,010
$1,200,000
$4,361,000
$31,335
$2,748
$41,811
$53,482
-47.50%
-$3,374,935
26.70%
5 NR" J. Greg Ness** (52)
StanCorp Financial Group
$3,723,004
$3,628,595
$612,500
$541,667
$291,915
$198,273
$210,541
$385,179
$941,703
$768,985
$315,315
$198,360
$1,266,498
$1,482,317
$84,532
$53,814
2.60%
$94,409
-4.20%
6 NR" Joshua L. Collins** (45)
Blount International
$3,301,365
NA
$84,615
-
-
-
-
-
$3,183,750
-
$33,000
-
-
-
-
-
NA
NA
6.50%
7 13" Walden C. Rhines (63)
Mentor Graphics Corp.*
$3,128,172
$1,721,415
$659,551
$659,551
-
-
$715,028
-
$987,760
$1,038,520
$758,483
-
-
-
$7,350
$23,344
81.70%
$1,406,757
70.80%
8 NR" William P. Livek** (56)
Rentrak Corp.*
$3,036,228
NA
$119,327
-
$150,000
-
$1,293,200
-
$1,464,475
-
-
-
-
-
$9,226
-
NA
NA
49.90%
9 9" Don R. Kania (55)
FEI Co.
$2,534,167
$1,847,771
$577,500
$577,500
-
-
$716,562
$993,600
$669,860
-
$566,781
$273,735
-
-
$3,464
$2,936
37.10%
$686,396
23.90%
10 NR" Gregg S. Kantor** (52)
Northwest Natural Gas Co.
$2,418,958
$1,266,639
$446,000
$364,833
$234,848
$64,615
$243,631
$131,250
$136,508
$42,757
$330,152
$172,485
$994,375
$463,775
$33,444
$26,924
91.00%
$1,152,319
1.80%
11 12" Scott. C. Grout (47)
RadiSys Corp.
$2,398,262
$1,757,106
$478,570
$476,242
-
-
$987,735
$252,548
$547,430
$379,090
$375,917
$641,066
-
-
$8,610
$8,160
36.50%
$641,156
72.70%
12 7" Raymond P. Davis (60)
Umpqua Holdings Corp.
$2,316,716
$3,216,745
$714,000
$714,000
-
-
$320,400
$601,860
$184,000
$485,000
-
$297,525
$1,054,236
$1,048,916
$44,080
$69,444
-28.00%
-$900,029
-7.30%
13 16" Nicholas Konidaris (65)
Electro Scientific Industries*
$1,938,067
$1,726,809
$475,781
$468,598
-
-
$623,283
$895,320
$581,700
$258,836
$257,303
$98,780
-
-
-
$5,275
12.20%
$211,258
59.40%
14 17" Gerald K. Perkel (54)
Planar Systems
$1,793,777
$1,298,575
$462,083
$452,539
-
-
$1,188,476
$446,220
$117,943
$272,481
-
$99,162
-
-
$25,275
$28,173
38.10%
$495,202
360.70%
15 24" Sidney B. DeBoer (66)
Lithia Motors
$1,546,466
$995,825
$840,000
$840,000
-
-
-
-
-
$135,244
$679,200
-
-
-
$27,266
$20,581
55.30%
$550,641
152.10%
16 26" Timothy P. Boyle (60)
Columbia Sportswear Co.
$1,525,243
$827,799
$810,000
$804,231
-
-
-
-
-
-
$686,556
-
-
-
$28,687
$23,568
84.30%
$697,444
10.40%
17 15" William A. Furman (65)
Greenbrier Companies
$1,456,238
$1,394,646
$562,500
$708,333
-
-
$451,931
$232,038
-
-
-
-
-
-
$441,807
$454,275
4.40%
$61,592
51.10%
18 NR" James J. Piro** (57)
Portland General Electric Co.
$1,433,807
$887,486
$550,008
$370,194
-
-
$549,997
$185,478
-
-
$103,301
$271,944
$186,210
$35,172
$44,291
$24,698
61.60%
$546,321
4.80%
19 22" Michael D. Burger** (51)
Merix Corp.†
$1,329,466
$1,775,593
$563,076
$600,000
-
-
$342,280
$339,478
$344,009
$533,755
$64,191
-
-
-
$15,910
$302,360
-25.10%
-$446,127
775.00%
20 NR" William T. Freeman** (50)
McCormick & Schmick’s Seafood Restaurants
$1,147,518
NA
$399,630
-
$250,000
-
-
-
$457,500
-
-
-
-
-
$40,388
-
NA
NA
73.10%



RANK EXECUTIVE (AGE)
COMPANY
TOTAL '09
'08
SALARY '09
'08
BONUS '09
'08
STOCK AWARDS '09
'08
OPTION AWARDS '09
'08
NON-EQUITY INCENTIVE PLAN COMP '09
'08
CHANGE IN PENSION VALUE '09
'08
ALL OTHER COMP '09
'08
CHANGE FROM ’08-’09 CHANGE IN STOCK PRICE 12/31
08-09
'10 '09
21 20" Bruno Guilmart*** (49)
Lattice Semiconductor Corp.
$1,075,850
$3,180,201
$615,000
$307,506
-
$290,000
-
-
$460,850
$2,416,200
-
-
-
-
-
$166,495
-66.20%
-$2,104,351
78.80%
22 25" Joseph P. Schneider (50)
LaCrosse Footwear
$943,957
$939,841
$441,692
$440,000
-
-
-
-
$69,357
$85,702
$409,686
$393,125
-
-
$23,222
$21,014
0.40%
4,116
0.20%
23 21" Ralph G. Quinsey (54)
TriQuint Semiconductor
$908,625
$1,357,431
$413,077
$414,953
-
$40,000
-
-
$348,708
$891,924
$135,692
-
-
-
$11,148
$10,554
-33.10%
-$448,806
74.40%
24 14" Robert C. Warren, Jr. (61)
Cascade Corp.*
$798,210
$1,078,064
$486,000
$540,000
-
-
$269,500
$472,483
-
-
-
-
-
-
$42,710
$65,581
-26.00%
-$279,854
-7.90%
25 18" Patricia L. Moss (56)
Cascade Bancorp
$632,850
$980,252
$391,400
$391,400
-
-
-
$116,495
-
$113,750
-
-
$221,470
$308,029
$19,980
$50,578
-35.40%
-$347,402
-89.90%
26 36" Patrick W. Cavanagh (56)
Williams Controls
$619,428
$432,714
$243,385
$260,000
-
-
-
-
-
-
$159,494
$163,514
-
-
$216,549
$9,200
43.10%
$186,714
8.40%
27 8" Bruce Davis (57)
Digimarc Corp.
$458,575
$5,255,775
$450,000
$410,000
-
-
-
$25,000
-
$3,552,523
-
$135,000
-
-
$8,575
$6,492
-91.30%
-$4,797,200
49.60%
28 27" Bruce A. Walicek (53)
Pixelworks
$445,273
$926,098
$293,625
$343,750
$53,178
-
$60,000
-
$38,470
$257,348
-
$325,000
-
-
-
-
-51.90%
-$480,825
322.20%
29 33" Hal M. Brown (56)
Pacific Continental Corp.
$430,288
$519,118
$297,250
$290,000
-
-
-
-
$76,560
$58,000
$56,006
$153,120
-
-
$472
$17,998
-17.10%
-$88,830
-23.60%
30 NR" James M. Ford** (51)
PremierWest Bancorp
$409,789
$298,665
$200,000
$220,000
-
-
-
-
-
$24,824
-
-
$156,078
-
$53,711
$53,841
37.20%
$111,124
-78.80%
31 19" Robert D. Sznewajs (63)
West Coast Bancorp
$407,545
$745,950
$360,000
$360,000
-
-
-
$258,964
$19,572
$76,324
-
-
$27,148
$37,267
$825
$13,395
-45.40%
-$338,405
-68.10%
32 NR" Terry E. Michaelson** (56)
Craft Brewers Alliance Inc.
$337,227
$97,447
$213,462
$94,059
-
-
-
-
$6,465
-
$107,500
-
-
-
$9,800
$3,388
246.10%
$239,780
100.00%
33 NR" Joseph Lu (55)
Powin Corp.
$326,190
$720,660
$240,000
$84,000
$85,290
$636,660
$900
-
-
-
-
-
-
-
-
-
-54.70%
-$394,470
NA
34 37" Gregory R. Hahn (54)
Synthetech*
$319,623
$416,328
$222,500
$211,250
$75,000
$155,000
-
-
-
$28,240
-
-
-
-
$22,123
$21,838
-23.20%
-$96,705
53.20%
35 NR" Wayne A. Case (69)
Schmitt Industries
$285,751
$286,293
$249,504
$249,243
$30,000
$30,000
-
-
-
-
-
-
-
-
$6,247
$7,050
-0.20%
-$542
-10.30%
36 NR" Ralph Makar (49)
Bioject Medical Technologies
$259,267
$384,712
$246,923
$300,000
-
-
-
$70,500
-
-
-
-
-
-
$12,344
$14,212
-32.60%
-$125,445
85.70%
37 NR" James W. Bernau (56)
Willamette Valley Vineyards
$222,695
$224,276
$173,379
$167,840
$43,653
$41,960
-
-
-
-
-
-
-
-
$5,663
$14,476
-0.70%
-$1,581
17.40%
38 NR" Chester L.F. Paulson (74)
Paulson Capital Corp.
$154,510
$198,393
$108,500
-
-
-
-
-
-
-
$11,154
$85,776
-
-
$34,856
$112,617
-22.10%
-$43,883
52.90%
39 NR" F. Paul Carlson** (71)
Cascade Microtech
$96,281
$104,550
$20,731
-
-
-
$26,050
$56,050
-
-
-
-
-
-
$49,500
$48,500
-7.90%
-$8,269
134.90%
40 NR" Donald M. Boone (69)
Jewett Cameron Trading Co. Ltd.
$41,879
$39,420
$36,000
$36,000
-
-
-
-
-
-
-
-
-
-
$5,879
$3,420
6.20%
$2,459
36.20%

Footnotes:
* Fiscal year ended in 2010
** Became CEO during most recent fiscal year
*** No longer serving as CEO
† Merged with St. Louis, Mo.-based Viasystems Group in February 2010.

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