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Executive Pay Scorecard for 2011

Every spring, top U.S. media outlets and business research organizations begin releasing compensation surveys that detail executive pay levels over the preceding year. These surveys seldom sample the same corporations — or measure pay the same way — and, consequently, almost always generate somewhat different results. This Executive Pay Scorecard compares the various reports released in 2012 on CEO pay for 2011. We also have compiled scorecards that cover executive pay for 2012 [1], 2010 [2], 2009 [3], and 2008 [4].

National Pay Reports

Source Methodology Top Pay Median/Avg Increase Worth Noting
Wall Street Journal [5]
May 21, 2012
300 largest U.S. publicly traded firms by revenue with data filed by April 30. Includes new option awards, not gains from exercised options. Tim Cook, Apple, $378 million Median: $10.3 million Median: +2.8% Nine CEOs took home over $30 million. Execs in health care sector scored biggest gains, with pay rising seven times faster than firm profits.
GMI Ratings [6]
May 3, 2012
817 Russell 3000 firms with data filed by April 3. Pay totals include gains realized in 2011 on options awarded in earlier years. Michael Johnson, Herbalife, $89.4 million Average, S&P 500: $12.1 million. Median: $8.8 millionAverage, midcap: $6.3 million. Median: $4.7 millionAverage, small caps: $3.5 million. Median: $2.6 million Average,
S&P 500: +8.5%. Median: +1.4%Average, midcap: +14.6%. Median: +3.4&Average, small cap: +11.3%. Median: +1.6%
Total realized compensation in the Russell 3000 saw a median pay increase of about 15%.
Economic Policy Institute [7]
May 2, 2012
Top 350 U.S. companies as measured by sales. Covers totals for both stock option gains realized in 2011 and options granted. Average, options realized in 2011: +$12.14 million. Average: options granted in 2011: +$11.08 million Average, realized:
+0.8%. Average, granted:
+0.7%
From 1978 to 2011, CEO pay, adjusted for inflation increased 759%, with options realized. Worker pay up 5.7%.
AFL-CIO PayWatch [8]
April 19, 2012
Nearly 300 major S & P 500 firms. Pay totals do not include the gains realized last year on options awarded in earlier years. Timothy Cook, Apple, $378 million Average: +$12.94 million Average:
+13.9%
CEO-worker pay ratio between CEOs of S&P 500 firms and U.S. workers widened to 380 times in 2011 from 343 in 2010.
New York Times [9]
April 7, 2012
100 best-paid CEOs at firms filing by March 30. Covers salary, bonus, new stock, perks, but not payouts from previous stock awards. Timothy Cook, Apple, $378 million Median: $14.4 million Median: +2% Median 2011 weekly pay for full-time workers rose about 1%, to $756, from 2010. CEO weekly average: $277,000.
Forbes [10]
April 4, 2012
Covers the value realized via exercised stock options for top 500 firms filing by March 25. John Hammergren, McKesson, $131 million Average: +$10.5million Average: +16% Drug and biotech CEOs pulled in the year’s biggest paychecks, averaging $18.3 million.
USA Today [11]
March 29, 2012
150 S & P 500 index firms. Pay increase percentages cover the 138 firms with same CEO for all 2010 and 2011. Philippe Dauman, Viacom, $43.1 million Median: $9.6 million (not counting returns from stock, options from previous years vested or cashed in during 2011). Median: $7.8 million (counting returns above) Median: +2% (not counting returns from stock and options awarded in previous years that vested or were cashed). Median: 12% (counting returns above) Listings do not include the Apple CEO Timothy Cook, who became the firm’s chief executive midway through 2011 with a $378 million pay package.

Regional Pay Reports

Source Methodology Top Pay Median/Avg Increase Worth Noting
Pittsburgh [12]
Post-Gazette

May 20, 2012
Covers top 50 executives in Pittsburgh metro area. Robert Coury, Mylan, $21.3 million Average: $7.3 million Average: +12% Cutoff for entering the top 50: $3.3 million, up 7% from 2010.
Palm Beach Post [13]
May 20, 2012
Covers 114 executives at 24 area companies. Lewis Hay, NextEra Energy, $22.6 million Median: $863,562 Median: +19% Palm Beach area worker pay in 2011 up 4.4%.
Chicago Tribune [14]
May 19, 2012
Covers top execs at Chicago region’s 100 biggest publicly traded firms. Sanjay Jah, Motorola Mobility, $47 million Median: $5.3 million Median: +8.5% Ten CEOs saw their total 2011 pay more than double from 2010.
Hartford Courant [15]
May 19, 2012
Covers 45 area CEOs. Louis Chenevert, United Technologies, $27.7 million Average: +22% Of the CEOs sampled, 18 had over 15% pay hikes.
Idaho Statesman [16]
May 13, 2012
Survey covers the 11 largest publicly traded companies in Idaho. Steve Appleton, Micron Technology (passed away February 2012), $8.6 million Average: +22% The average Idaho wage rose 2 percent in 2011, to $35,644.
Milwaukee [17]
Journal Sentinel

May 12, 2012
Survey covers 55 publicly traded Wisconsin companies. Stephen Roell, Johnson Controls, $22.34 million Average: $4.21 million Average: +8.35% Top 10 CEO pay hikes averaged 25.5 percent. Average wage paid Wisconsin workers rose 2.9 percent, to $41,184.
Chicago
Sun-Times

May 6, 2012
Survey covers the 25 largest publicly traded companies in Illinois. Sanjay Jha, Motorola Mobility, $47.15 million Average: +25% Pentagon contracts helped Boeing’s CEO to $25.4 million in 2011, up 14 percent from 2010.
Chattanooga
Times Free Press

May 6, 2012
Survey covers the pay of the top nine area CEOs. Thomas Watjen, Unum, $12.23 million Average: +12.3% Local CEO pay jumped over four times faster than worker pay in 2011.
Las Vegas
Review-Journal

May 6, 2012
Survey covers the pay of the top 16 Las Vegas area CEOs. Rajesh Shrotriya, Spectrum Pharmaceuticals, $25.2 million Average: $8.39 million Wynn Resorts CEO Steve Wynn will get a $258.4 million golden parachute if a merger costs him his job.
St. Louis
Post-Dispatch

May 6, 2012
Survey covers 27 large St. Louis companies that had the same CEO in 2010 and 2011. Michael Lovett, Charter Communications, $20.5 million Median: -5% The five highest-paid CEOs in St. Louis took home more than $10 million each.
Toledo Blade [18]
April 29, 2012
Survey covers 15 publicly traded companies in the Toledo area. Gary Heminger, Marathon Petroleum, $19.2 million Average: $4.09 million Owens Corning CEO Mike Thaman, the list leader in 2010, saw his pay drop 5 percent to $9.3 million in 2011.

Economic Sector Pay Reports

Source Methodology Top Pay Median/Avg Increase Worth Noting
Hedge Funds
AR/Alpha [19]
March 30, 2012
Survey covers the 25 top hedge fund managers. Pay includes the managers’ shares of their firm’s performance and management fees, as well as gains on their own capital invested in their funds. Raymond Dalio, Bridgewater Associates, $3.9 billion Median:
$235 millionAverage:
$576 million
Median:
-41.2%Average:
-34.8%
The year’s average hedge fund earnings trail considerably the all-time record $1.1 billion average of 2009, but represent a 24 percent hike over 2008.