Printer Friendly
The Free Library
22,749,942 articles and books

2007 Executive Compensation Survey.



The 2007 IBO Ibo: see Igbo.  Executive Compensation Survey includes 57 executives from 42 companies and is based upon the companies currently in IBO's three Stock Indexes (see IBO 4/30/08) and Becton Dickinson BD (NYSE: BDX), is a medical technology company that manufactures and sells medical devices, instrument systems and reagents. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs 27,000 people in nearly 50 countries. . QIAGEN Wikipedia is not the place for advertisement or self-advertising.

QIAGEN (NASDAQ: QGEN, FWB: QIA) is a provider of sample and assay technologies for research in life sciences, applied testing and molecular diagnostics.
, Nanometrics and Starlims are excluded as a result of incomplete filings.

To create the tables, IBO selected one or two executives for each company who best reflect the company's laboratory products or analytical analytical, analytic

pertaining to or emanating from analysis.


analytical control
control of confounding by analysis of the results of a trial or test.
 instruments business. For each executive, IBO compiled the total short-term Short-term

Any investments with a maturity of one year or less.


short-term

1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time.
 compensation, consisting of annual salary, bonuses and nonequity incentive compensation. Due to new SEC rules (see IBO 5/15/07), undetermined performance-related bonuses are listed as nonequity compensation. Non-performance related bonuses, bonuses based on the performance of targets that are substantially certain and noncommunicated performance-target bonuses are listed as bonuses.

Long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 compensation is determined based on the grant-date fair value of stock and option awards. This calculation follows the disclosure rules originally proposed by the SEC, which provide the full value for option and stock awards granted to executives in fiscal 2007. We believe this provides a more accurate total for the executive compensation received that year, whereas the amended a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
 SEC compensation disclosure calculates what the executives cost the company's bottom line for a given fiscal year.

Total compensation consists of annual short-term and long-term compensation, change in pension value and nonqualified deferred compensation, as well as all "Other" compensation ("Other" includes contributions to qualified retirement plans and perquisites Fringe benefits or other incidental profits or benefits accompanying an office or position.

The abbreviation perks is used in reference to extraordinary benefits afforded to business executives, such as country club memberships or the free use of automobiles.
 over $10,000). The tables also include the value realized on options exercised during fiscal 2007.

In 2007, the average total short-term laboratory product and instrument company executive's compensation grew 12.1% to $1,299,345, including a 4.5% average increase in base salary to $547,146. Combined, the average bonus and nonequity incentive jumped 18.4% to $752,198. However, the total average bonus and nonequity incentive for the executives who received one or the other amounted to $840,692. Only 13 executives received bonuses in fiscal 2007. The average amount of these bonuses was $328,966; in comparison, the average bonus received by 27 executives in 2006 was $589,733. The decline was the result of a reclassification Reclassification

The process of changing the class of mutual funds once certain requirements have been met. These requirements are generally placed on load mutual funds. Reclassification is not considered to be a taxable event.
 by the SEC of certain compensation that was previously reported as bonuses to nonequity incentive compensation. As a result, the average nonequity payment for an executive eligible under an incentive plan was $897,645 in fiscal 2007, compared to $511,305 in fiscal 2006. In fiscal 2007, 75% of executives received nonequity incentive compensation compared to 57% in the previous year.

The average total long-term compensation, including both fair value stock and options awards, declined 20.0% to $2,177,466 in fiscal 2007. However, excluding Danaher CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Lawrence Lawrence.

1 City (1990 pop. 26,763), Marion co., central Ind., a residential suburb of Indianapolis, on the West Fork of the White River. It has light manufacturing.

2 City (1990 pop. 65,608), seat of Douglas co., NE Kans.
 Culp, Jr., who received a payout pay·out  
n.
1. The act or an instance of paying out.

2. A percentage of corporate earnings that is paid as dividends to shareholders.
 of $46.2 million in fiscal 2006 (see IBO 5/15/07), the total average long-term compensation increased roughly 12.7%. This increase is primarily due to several large stock and option awards for performance-based measures. Edward Edward

killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302]

See : Patricide
 J. Ludwig Ludwig. For German rulers thus named, use Louis. , president and CEO of Becton Dickinson & Co., reported long-term compensation of $9.6 million, five times the amount he received last year, while Jay T. Flatley, president and CEO of Illumina, received $9.3 million in long-term compensation, an increase of more than 150%. Edward H. Braun Braun   , Eva 1912-1945.

German lover and later wife of Adolf Hitler. They began living together in 1936, but the liaison was kept secret, and she was never seen in public with him. They were married hours before their double suicide on April 30, 1945.
, the chairman and former CEO of Veeco Veeco Vacuum Electronic Equipment Company  Instruments, reported a 425% jump in fair-value stock awards to $4.7 million.

However, six executives did not receive any long-term stock or option compensation in fiscal 2007, compared to four in the previous year. Both John R. Peeler, the CEO of Veeco, and Mr. Braun did not receive annual bonuses as the company failed to meet minimum performance requirements. Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM).

The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs
 E. Oland Ö·land  

A narrow island of southeast Sweden in the Baltic Sea. It is a summer resort with an important fishing fleet. There are numerous Stone Age monuments on the island.
, president and CEO of Techne Techne, or techné, as distinguished from episteme, the Greek word τέχνη (literally: craftsmanship) is often translated as craft or art. It is the rational method involved in producing an object or accomplishing a goal or objective. , waived his cash and stock option bonus, as well as a salary increase. Steven Ste´ven

n. 1. Voice; speech; language.
Ye have as merry a steven
As any angel hath that is in heaven.
- Chaucer.

2. An outcry; a loud call; a clamor.
To set steven
to make an appointment.
 D. Goldby, chairman and former CEO of Symyx Technologies Symyx Technologies NASDAQ: SMMX is a pioneer in the area of combinatorial chemistry applied to heterogeneous catalysis and homogeneous catalysis, polymer formulations, electronic and magnetic materials. , was no longer eligible to receive payments under the company's bonus plan. Amit A`mit´

v. t. 1. To lose.
A lodestone fired doth presently amit its proper virtue.
- Sir T. Browne.
 Kumar Kumar (from Sanskrit meaning prince or an (unmarried) youth) is an Indian title, given name or family name. As a title it can mean son of a Rājā, prince, or heir apparent and enters in princely compound titles. , president and CEO of CombiMatix, and David Schwartz David Schwartz is a composer, noted for his scoring the music for the multiple Emmy Award-winning television series, Arrested Development, Deadwood, and numerous others. He attended the School of Visual Arts in New York and the Berklee College of Music in Boston. , chairman of Bio-Rad Bio-Rad Laboratories is a life science research, clinical diagnostics and informatics company based in Hercules, California, United States. It was founded in 1957 by David & Alice Schwartz.  Laboratories, also did not receive bonus awards.

Less than 40% of executives received nonqualified deferred compensation or recorded a change in pension value in fiscal 2007. For those who received a payment, the average compensation was $364,508, an increase of 88.3% from last year. The large increase was due to a $3.3 million payment to Tony L. White, president and CEO of Applied Biosystems Applied Biosystems, Inc. (formerly NASDAQ: ABIO) is the original name of a pioneer biotechnology company founded in 1981 in Foster City, California, among the Silicon Valley cities of the southern San Francisco Bay Area. . Other compensation increased 7.5% to $82,663.

Total average compensation for the executives declined 6.9% to $3,736,943. However, excluding the payment to Mr. Culp, total average compensation actually increased 16.5% to $3,709,678. Gregory T. Lucier Lucier is a surname, and may refer to:
  • Alvin Lucier (born 1931), American composer
  • Lou Lucier (born 1918), Major League Baseball pitcher
  • Paul Lucier (1930-1999), Canadian politician
, chairman and CEO of Invitrogen Invitrogen Corporation (NASDAQ: IVGN) is a life science research company, providing products and services that support academic and government research institutions and pharmaceutical and biotech companies worldwide in their efforts to improve the human condition. , led all executives with total compensation of $29.0 million. Mr. Lucier received a $2 million nonequity bonus based on operating income Operating Income

The profit realized from a business' own operations.

Notes:
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit.
 targets, and was also rewarded with a grant date fair value stock award of $26.0 million based on stock price performance. Mr. White and Mr. Ludwig received $16.5 million and $12.5 million, respectively, in total compensation. Also exceeding $10 million in total compensation were Roper Industries President and CEO Brian The name Brian (sometimes spelled Bryan) comes from an Irish backround. It is of Celtic origin and its meaning may be "hill" or "strong, noble, and high"[1].  D. Jellison and Mr. Flatley.

Laboratory Instruments Index

The Laboratory Instruments Index consists of 32 executives from 23 companies. Average fiscal 2007 short-term compensation for these executives increased 19.6% to $1,329,101, and included a 5.7% increase in average base salary to $541,679. The biggest base-salary increase among Index executives went to Thomas J. Vacchiano, Jr., president and CEO of X-Rite X-Rite, Inc. is a manufacture of color matching products located in Kentwood, Michigan, United States. Their products include those used for matching paint colors (Totalizing Fluid Meter and Counting Device Manufacturing). . His salary rose 115% to $319,808. However, the largest base-salary compensation of $1,148,078 went to Mr. White. As for bonuses and nonequity incentive, the biggest payout was to Gregory L. Summe, president and CEO of PerkinElmer PerkinElmer, Inc. (NYSE: PKI) is an American multinational technology corporation, focused in the business areas of: Life and Analytical Sciences, Optoelectronics, and Fluid Sciences. , who received $6.2 million, reflecting short-term incentive-bonus and performance-unit cash payments. As a result, the average bonus and nonequity incentive for the Index jumped 31.6% to $787,422. The total average compensation for the Index increased 6.5% to $3,535,870.

There were several changes to the executives in the Index. In March 2007, Affymetrix Affymetrix (NASDAQ: AFFX) is a manufacturer of DNA microarrays, based in Santa Clara, California, United States. The company was co-founded by Dr. Stephen Fodor in 1992. The company was begun as a unit in Affymax N.V.  President Emeritus e·mer·i·tus  
adj.
Retired but retaining an honorary title corresponding to that held immediately before retirement: a professor emeritus.

n. pl.
 Susan SUSAN Smallest Univalue Segment Assimilating Nucleus
SUSAN Sub Saharan African Network
SUSAN Smart Ultrasonic System for Aircraft NDE
 E. Siegel Siegel, a surname, is associated with two ethnic groups.

As a Jewish surname Siegel (סג"ל) it could be an acronym of Segan Levi (סגן לוי), meaning "Assistant Levite".
 resigned (see IBO 5/15/07) and was replaced by Kevin KEVIN Keepers of the Eternal Vigilance of the Islamic Nation (fictional, from White Teeth by Zadie Smith)  M. King, the former executive vice president of the Life Sciences division. Mr. King received a $100,000 sign-on Sign-on (or startup) is the term used to describe the beginning of operations for a television station. It is the opposite to a sign-off (or closedown).

As with sign-offs, sign-ons vary from country to country, and from station to station.
 bonus and payments totaling $173,169 for reimbursement Reimbursement

Payment made to someone for out-of-pocket expenses has incurred.
 of relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation.
     2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation.
 expenses. Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England.  Lancaster Lancaster, city, England
Lancaster (lăng`kəstər), city (1991 pop. 43,902) and district, county seat of Lancashire, NW England, on the Lune River.
, CFO See Chief Financial Officer.  of OI, replaced William William, crown prince of Germany
William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack
 W. Botts n. pl. 1. (Zool.) See Bots.  as CEO in January January: see month.  2007 (see IBO 3/31/07). Mr. Lancaster received a $25,000 hiring bonus, in June June: see month.  2007, Steven D. Goldby, former CEO of Symyx, was appointed ap·point  
tr.v. ap·point·ed, ap·point·ing, ap·points
1. To select or designate to fill an office or a position: appointed her the chief operating officer of the company.

2.
 chairman, and Isy Goldwasser
:This article is about the alcoholic beverage. For the computer scientist, see Shafi Goldwasser. For the Israeli soldier, see Ehud Goldwasser.


Danziger Goldwasser (German: Gold water of Danzig
, formerly president, was named his successor 1. SuccessoR - A language for distributed computing derived from SR.

["SuccessoR: Refinements to SR", R.A. Olsson et al, TR 84-3, U Arizona 1984].
2. successor - daughter
 (see IBO 4/30/07).

Process/Metrology/Motion Instrumentation instrumentation, in music: see orchestra and orchestration.
instrumentation

In technology, the development and use of precise measuring, analysis, and control equipment.
 Index

The Process/Metrology/Motion Instrumentation Index consists of eight executives from seven companies. The average short-term compensation for the Index declined 13.0% to $645,463 and included a 37.5% decline in average bonus and nonequity incentive to $226,426. The average base salary improved 10.3% to $419,001, while the total average compensation for the Index grew 9.1% to $2,416,871. However, the average compensation figures compared to last year are somewhat misleading due to newly appointed executives and incomplete compensation information. Hans HANS Head and Neck Support/System (brace worn by motor sport drivers; trademark of Hubbard/Downing, Inc.)
HANS Health Action Network Society
HANS Heavy Aromatic Naphtha Solvent
 C. Kobler, the president and CEO of ICx Technologies, was added to the table last year (see IBO 11/15/07). Mr. Peeler, also a new addition, was appointed CEO of Veeco Instruments last year (see IBO 7/15/07), replacing Mr. Braun, who is now chairman. Excluding these three executives, the average short-term compensation grew 10.8% to $757,010, and included a 29.0% increase in the average base salary to $420,171. However, the average bonus and nonequity incentive declined 5.8% to $336,839.

Don R. Kania, FEI FEI

Fédération Équestre Internationale.
 president and CEO, received the largest increase in base salary, as his salary rose 172% to $570,625. He also received the largest nonequity bonus after being appointed CEO in 2006 (see IBO 8/15/06). The highest base salary went to Mr. Braun, who collected $650,000, while Mr. Peeler received the largest total compensation package of $5.9 million, which included a $1 million sign-on bonus, as well as a housing and car allowance of $34,458, which was categorized cat·e·go·rize  
tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es
To put into a category or categories; classify.



cat
 under Other compensation.

Laboratory Consumables/Equipment Index

The Laboratory Consumables/Equipment Index includes six executives from six companies. The average short-term compensation for executives in the Index jumped 29.3% to $1,268,795, and included a 5.1% increase in average base-salary salary to $621,975, as well as 66.1% growth in average bonus and nonequity incentive to $646,821. The total average compensation for the Index jumped over 158% to $7.0 million due to the fair value stock award granted to Mr. Lucier. He reported a 148% and 520% increase in total short- and long-term compensation to $3.0 million and $29 million, respectively. Excluding Mr. Lucier's payout, the total average short-term compensation for the Index remained relatively flat at $366,685, while the average total compensation grew 20.0% to $2,633,584.

Diversified diversified (di·verˑ·s  Instrumentation Index

The Diversified Instrumentation Index includes 11 executives from 6 companies. This Index reported the largest short-term compensation of $1.7 million among the Indexes, primarily due to large bonus and nonequity incentive payments and to the fact that these companies each have sales of more than $1 billion. Average short-term compensation for the Index grew 6.5% excluding Thomas P. Joyce Joyce - A distributed language based on Pascal and CSP, by Per Brinch Hansen.

["Joyce - A Programming Language for Distributed Systems", Per Brinch Hansen, Soft Prac & Exp 17(1):29-50 (Jan 1987)].
, Jr., executive vice president of Danaher, whose 2006 salary information was not filed. Excluding Mr. Joyce, the average base salary improved 5.1% to $631,977, while the average bonus and nonequity incentive grew 7.3% to $1.1 million. The average long-term award totaled $1.4 million, a significant decline compared to fiscal 2006 due to Mr. Culp and Mr. Jellison's awards last year. In fiscal 2007, Mr. Culp did not receive any long-term awards, but did record $115,920 in perks perk 1  
v. perked, perk·ing, perks

v.intr.
1. To stick up or jut out: dogs' ears that perk.

2. To carry oneself in a lively and jaunty manner.
 relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 the personal use of Danaher's aircraft, as well as club memberships and a personal car.

The Index's average total compensation fell 56.1% to $3.5 million. Excluding the compensation for Danaher's executives, however, total average compensation dropped 11.7% to $3.7 million. Mr. Culp recorded the Index's largest base salary and total short-term compensation, amounting to $1.1 million and $4.9 million, respectively. Christopher van Ingen Ingen Ryuki (Chinese 隱元隆琦, Yinyuan Longqi) (Fuqing, Fujian, 1592 - Uji, 1673) was a Chinese Linji Chan Buddhist monk, poet, and calligrapher.

Ingen's father disappeared when he was five.
, former senior vice president of Agilent (Agilent Technologies, Santa Clara, CA, www.agilent.com) The test and measurement subsidiary of HP. In 1999, HP split off the division that started the company into an independent subsidiary named Agilent Technologies. At the time, the $2.  Life Science (see IBO 8/31/07), received the largest increase in total short-term compensation, as it climbed 30.9% to $871,230. Mr. Jellison received the largest Increases and had the largest total values for both long-term and total compensation, as they rose 9.8% and 6.7% to $7.4 million and $10.4 million, respectively.
Top 10 Total Compensation, 2007

Company                      Executive        Total Pay

Invitrogen               Gregory T. Lucier   $29,017,236
Applied Biosystems       Tony L. White       $16,534,952
Becton Dickinson & Co.   Edward J. Ludwig    $12,522,622
PerkinElmer              Gregory L. Summe    $11,447,501
Roper Industries         Brian D. Jellison   $10,293,168
Illumina                 Jay T.Flatley       $10,184,704
Beckman Coulter          Scott Garrett        $6,262,861
Veeco Instruments        John R. Peeler       $5,951,646
Veeco Instruments        Edward H. Braun      $5,370,798
Pall                     Eric Krasnoff        $5,324,118

Average                                      $11,290,961

                                                Short-Term Compensation

                                                            Bonus &
                                                             Annual
                                                 Salary    Incentives
Executive               Title                    ($000)      ($000)

Diversified
  Instrumentation

Agilent Technologies
Christopher van Ingen   SVP Life Science          $450.0     $421.2
AMETEK
F.S. Hermance           COB/CEO                   $740.0   $1,147.0
R.W. Chlebek            P/EIG                     $310.0     $273.0
Danaher
H. Lawrence Culp, Jr.   P/CEO                   $1,100.0   $3,775.0
Thomas P. Joyce, Jr.    EVP                       $450.0     $650.0
Mettler-Toledo Int'l
Robert F. Spoerry       P/CEO                     $988.1   $1,615.9
Beat Luethi             Head of Laboratory        $366.3     $329.7
Roper Industries
Brian D. Jellison       COB/CEO                   $950.0   $1,900.0
Nigel W. Crocker        VP/P/Industrial Tech.     $335.0     $335.0
Teledyne Technologies
Robert Mehrabian        COB/P/CEO                 $768.3   $1,300.0
Aldo Pichelli           SVP/COO Elec. Comm.       $312.1     $238.4
Average                                           $615.4   $1,089.6

                                            Long-Term Comp.

                                           Fair
                          Short-Term       Value
                         Compensation      Stock       Fair
                                           Award.      Value
                         Total      %       '07        Award
Executive                ($000)    Chg.    ($000)    '07 ($000)

Diversified
  Instrumentation

Agilent Technologies
Christopher van Ingen     $871.2   31%       $0         $896.2
AMETEK
F.S. Hermance           $1,887.0   -2%    $1,500.0    $1,185.5
R.W. Chlebek              $583.0    2%      $230.0      $191.3
Danaher
H. Lawrence Culp, Jr.   $4,875.0    5%       $0          $0
Thomas P. Joyce, Jr.    $1,100.0   N/A    $1,000.9    $1,583.8
Mettler-Toledo Int'l
Robert F. Spoerry       $2,604.0   11%       $0       $1,063.5
Beat Luethi               $696.0    0%       $0         $729.1
Roper Industries
Brian D. Jellison       $2,850.0    6%    $5,740.9    $1,655.4
Nigel W. Crocker          $670.0    6%       $0         $305.8
Teledyne Technologies
Robert Mehrabian        $2,068.3    8%     $155.3       $543.9
Aldo Pichelli             $550.4   13%      $62.3       $155.4
Average                 $1,705.0    8%     $789.9       $755.4

                        Long-Term Comp.

                            Chg. in
                         Pension Value
                        & Nonqualified                Total
                        Deferred Comp.     Other      Comp.
Executive                   ($000)        ($000)     ($000)

Diversified
  Instrumentation

Agilent Technologies
Christopher van Ingen       $132.8          $34.6    $1,934.7
AMETEK
F.S. Hermance                $92.0         $417.1    $5,081.7
R.W. Chlebek                $186.8          $80.0    $1,271.1
Danaher
H. Lawrence Culp, Jr.        $2.1          $386.7    $5,263.8
Thomas P. Joyce, Jr.         $4.2           $98.1    $3,786.9
Mettler-Toledo Int'l
Robert F. Spoerry             $0           $439.3    $4,106.7
Beat Luethi                   $0          -$482.3      $942.9
Roper Industries
Brian D. Jellison             $0            $46.9   $10,293.2
Nigel W. Crocker              $0            $78.6    $1,054.4
Teledyne Technologies
Robert Mehrabian            $771.4          $16.7    $3,555.6
Aldo Pichelli               $134.1         $144.6    $1,046.8
Average                     $120.3         $144.6    $3,485.3

                        Options
                        Exerc.
                          '07
                        ($000)      Op. Profit

                                   '07
Executive                          ($M)    Chg.

Diversified
  Instrumentation

Agilent Technologies
Christopher van Ingen    $718      $381    43%
AMETEK
F.S. Hermance           $6,694     $387    25%
R.W. Chlebek            $1,750     $260    28%
Danaher
H. Lawrence Culp, Jr.     $0      $1,741   16%
Thomas P. Joyce, Jr.     $652      $393    50%
Mettler-Toledo Int'l
Robert F. Spoerry       $3,353     $263    23%
Beat Luethi             $7,907     $263    23%
Roper Industries
Brian D. Jellison         $0       $438    30%
Nigel W. Crocker         $951      $165    28%
Teledyne Technologies
Robert Mehrabian          $0       $162    30%
Aldo Pichelli            $135      $143    31%
Average                 $2,015     $559    23%

Top 10 Short-Term Raises, 2007

Company                Executive                  % Chg.

X-Rite                 Thomas J. Vacchiano, Jr.     172%
Invitrogen             Gregory T. Lucier            148%
Transgenomic           Craig J. Tuttle              110%
Affymetrix             Stephen P.A. Fodor           109%
PerkinElmer            Gregory L. Summe              89%
PerkinElmer            Robert F. Friel               83%
Varian                 Garry W. Rogerson             81%
Varian                 Martin O'Donoghue             61%
Cepheid                John L. Bishop                53%
Bio-Rad Laboratories   Norman Schwartz               50%
Average                                              96%

                                              Short-Term
                                             Compensation

                                                   Bonus &
                                                    Annual
                                         Salary   Incentives
Executive               Title            ($000)     ($000)

Process/Metrology/
  Motion Instrumen-
  tation

FEI Company
Don R. Kania            P/CEO            $570.6       $797.5
ICx Technologies
Hans C. Kobler          P/CEO            $324.2       $127.5
MTS Systems
Sidney W. Emery, Jr.    COB/CEO          $501.2       $378.3
RAE Systems
Robert I. Chen          P/CEO            $280.0        $62.8
Strategic Diagnostics
Matthew H. Knight       P/CEO            $329.0       $127.1
Veeco Instruments
John R. Peeler          CEO              $276.9         $0
Edward H. Braun         COB/Former CEO   $650.0         $0
ygo
J. Bruce Robinson       COB/CEO          $420.0       $318.5
Average                                  $419.0       $226.5

Laboratory Consu-
  mables/Equipment
Invitrogen
Gregory T. Lucier       COB/CEO          $910.0     $2,047.5
Kewaunee Scientific
William A. Shumaker     P/CEO            $303.3        $69.6
Millipore
Martin D. Madaus        COB/P/CEO        $742.3       $488.0
Pall
Eric Krasnoff           COB/CEO          $862.1       $836.7
Sigma-Aldrich
Jai. P. Nagarkatti      P/CEO            $660.0       $439.1
Techne
Thomas E. Oland         P/CEO            $254.1         $0
Average                                  $622.0       $646.8

                                              Long-Term Comp.

                                              Fair        Fair
                            Short-Term        Value      Value
                           Compensation       Stock      Option
                                             Award.      Award
                         Total       %         '07        '07
Executive                ($000)     Chg.     ($000)      ($000)

Process/Metrology/
  Motion Instrumen-
  tation

FEI Company
Don R. Kania            $1,368.2      N/A      $767.1     $520.8
ICx Technologies
Hans C. Kobler            $451.7       NA    $1,162.0       $0
MTS Systems
Sidney W. Emery, Jr.      $879.5       5%        $0       $549.6
RAE Systems
Robert I. Chen            $342.8       3%        $0         $0
Strategic Diagnostics
Matthew H. Knight         $456.1      48%        $0       $110.0
Veeco Instruments
John R. Peeler            $276.9       NA    $3,111.0   $1,527.5
Edward H. Braun           $650.0     -37%    $3,319.8   $1,377.5
ygo
J. Bruce Robinson         $738.6       0%      $205.3     $237.2
Average                   $645.5   -13.0%    $1,070.6     $540.3

Laboratory Consu-
  mables/Equipment

Invitrogen
Gregory T. Lucier       $2,957.5     148%   $26,014.0       $0
Kewaunee Scientific
William A. Shumaker       $373.0      20%        $0         $0
Millipore
Martin D. Madaus        $1,230.3     -14%    $1,359.6   $1,280.8
Pall
Eric Krasnoff           $1,698.8       1%    $1,288.0   $1,073.3
Sigma-Aldrich
Jai. P. Nagarkatti      $1,099.1       8%      $936.5     $951.8
Techne
Thomas E. Oland           $254.1       0%        $0         $0
Average                 $1,268.8    29.3%    $4,933.0     $551.0

                        Long-Term Comp.

                            Chg. in
                         Pension Value
                        & Nonqualified                Total
                        Deferred Comp.     Other      Comp.
Executive                   ($000)         ($000)     ($000)

Process/Metrology/
  Motion Instrumen-
  tation

FEI Company
Don R. Kania                   $0             $2.9    $2,659.0
ICx Technologies
Hans C. Kobler                 $0             $8.3    $1,622.0
MTS Systems
Sidney W. Emery, Jr.           $0            $49.8    $1,478.9
RAE Systems
Robert I. Chen                 $0            $19.3      $362.1
Strategic Diagnostics
Matthew H. Knight              $0             $8.8      $574.8
Veeco Instruments
John R. Peeler                 $0         $1,036.2    $5,951.6
Edward H. Braun                $0            $23.5    $5,370.8
ygo
J. Bruce Robinson            $112.8          $21.7    $1,315.6
Average                       $14.1         $146.3    $2,416.9

Laboratory Consu-
  mables/Equipment

Invitrogen                                           $29,017.2
Gregory T. Lucier              $0            $45.7
Kewaunee Scientific
William A. Shumaker           $13.0          $27.2
Millipore
Martin D. Madaus               $0            $59.6    $3,930.3
Pall
Eric Krasnoff              $1,215.1          $49.0    $5,324.1
Sigma-Aldrich
Jai. P. Nagarkatti            $40.1         $195.0    $3,222.4
Techne
Thomas E. Oland                  $0          $23.8      $277.9
Average                      $211.4          $66.7    $7,030.9

                        Options    Op. Profit
                        Exerc.
                         '07      '07     %
Executive               ($000)    ($M)   Chg.

Process/Metrology/
  Motion Instrumen-
  tation

FEI Company
Don R. Kania              $0       $57   146%
ICx Technologies
Hans C. Kobler           $127     -$36     NM
MTS Systems
Sidney W. Emery, Jr.    $1,812     $55    -1%
RAE Systems
Robert I. Chen            $0       -$5     NM
Strategic Diagnostics
Matthew H. Knight         $0        $1   142%
Veeco Instruments
John R. Peeler            $0      -$12     NM
Edward H. Braun           $0      -$12     NM
Zygo
J. Bruce Robinson         $0       $22    19%

Average                  $242      $13     3%

Laboratory Consu-
  mables/Equipment

Invitrogen
Gregory T. Lucier       $22,429   $178    64%
Kewaunee Scientific
William A. Shumaker       $1        $3   201%
Millipore
Martin D. Madaus          $0      $217    50%
Pall
Eric Krasnoff             $0      $300    28%
Sigma-Aldrich
Jai. P. Nagarkatti       $238     $459    14%
Techne
Thomas E. Oland           $0      $124    14%
Average                 $3,778    $213    26%

                                                   Short-Term
                                                  Compensation

                                                          Bonus &
                                                           Annual
                                               Salary    Incentives
Executive                 Title                ($000)      ($000)

Laboratory
  Instrumentation
Affymetrix
Stephen P.A. Fodor        COB/CEO               $630.7       $635.0
Kevin M. King             P                     $432.7       $500.0
Applied Biosystems
Tony L. White             COB/P/CEO           $1,148.1     $2,213.7
Beckman Coulter
Scott Garrett             P/CEO                 $838.0       $826.4
Becton Dickinson & Co.
Edward J. Ludwig          P/CEO               $1,030.0     $1,400.0
Vincent A. Forlenza       EVP                   $510.2       $585.0
Bio-Rad Laboratories
Norman Schwartz           P/CEO                 $628.5       $560.8
David Schwartz            COB                   $520.1         $0
Bruker BioSciences
Frank H. Laukien          COB/P/CEO             $306.5       $200.0
Caliper Life Sciences
E. Kevin Hrusovsky        P/CEO                 $433.5       $238.4
Cepheid
John L. Bishop            D/CEO                 $450.0       $225.0
CombiMatrix
Amit Kumar                P/CEO                 $438.6         $0
Dionex
Lukas Braunschweiler      P/CEO                 $428.6       $401.5
Harvard Bioscience
Chane Graziano            CEO                   $510.0       $154.1
David Green               P                     $420.0       $127.0
Illumina
Jay T. Flatley            P/CEO                 $575.6       $302.3
Luminex
Patrick J. Balthrop       P/CEO                 $408.0       $524.5
MOCON
Robert L. Demorest        COB/P/CEO             $260.5       $161.3
0.I. Corp.
J. Bruce Lancaster        CEO/CFO               $190.6        $50.0
PerkinElmer
Gregory L. Summe          COB/P/CEO           $1,000.0     $6,204.8
Robert F. Friel           P/COO                 $631.9     $2,497.5
Sequenom
Harry Stylli              P/CEO                 $430.5       $176.4
Symyx Technologies
Steven D. Goldby          COB/Former CEO        $324.1         $0
Isy Goldwasser            CEO                   $420.0       $136.5

Thermo Fisher
  Scientific
Marijin E. Dekkers        PICEO               $1,125.0     $1,926.6
Mark N. Casper            EVP                   $657.5       $825.8
Transgenomic
Craig J. Tuttle           P/CEO                 $250.0        $50.0
Varian
Garry W. Rogerson         P/CEO                 $606.9     $1,443.7
Martin O'Donoghue         VP/P/Scientific       $297.9       $481.1
                            Inst
Waters
Douglas A. Berthiaume     COB/P/CEO             $700.0     $1,400.0
Arthur G. Caputo          EVP/P/Waters Div.     $410.0       $738.0
X-Rite
Thomas J. Vacchiano Jr.   P/CEO                 $319.8       $212.4
Average                                         $541.7       $787.4

                                             Long-Term Compensation
                          Short-Term
                          Compensation          Fair      Fair
                                               Value     Value
                                               Stock     Option
                                               Award.    Award
                           Total      %        '07        '07
Executive                  ($000)    Chg.     ($000)     ($000)

Laboratory
  Instrumentation
Affymetrix
Stephen P.A. Fodor        $1,265.7    109%     $798.3     $332.9
Kevin M. King               $932.7      NA     $892.2     $834.3
Applied Biosystems
Tony L. White             $3,361.8      5%   $7,577.8   $2,070.8
Beckman Couiter
Scott Garrett             $1,664.4     20%   $2,697.2   $1,547.1
Becton Dickinson & Co.
Edward J. Ludwig          $2,430.0     12%   $5,974.9   $3,650.3
Vincent A.Forlenza        $1,095.2     34%   $1,412.0     $862.0
Bio-Rad Laboratories
Norman Schwartz           $1,189.3     50%     $937.5   $1,530.7
David Schwartz              $520.1    -33%     $125.3     $150.3
Bruker BioSciences
Frank H. Laukien            $506.5     -7%       $0       $593.0
Caliper Life Sciences
E. Kevin Hrusovsky          $671.9     -7%     $263.2     $235.9
Cepheid
John L. Bishop              $675.0     53%       $0       $869.2
CombiMatrix
Amit Kumar                  $438.6      6%       $0       $474.9
Dionex
Lukas Braunschweiler        $830.1     47%       $0       $420.9
Harvard Bioscience
Chane Graziano              $664.1    -14%       $0     $1,125.5
David Green                 $547.0    -14%       $0       $750.3
Illumina
Jay T. Flatley              $877.8     43%       $0     $9,293.9
Luminex
Patrick J. Balthrop         $932.5      0%     $637.5     $253.1
MOCON
Robert L. Demorest          $421.8     -9%       $0        $32.1
0.I. Corp.
J. Bruce Lancaster          $240.6     NA        $0       $104.4
PerkinElmer
Gregory L. Summe          $7,204.8     89%   $2,112.5   $1,675.7
Robert F. Friel           $3,129.4     83%   $1,056.2     $837.9
Sequenom
Harry Stylli                $606.9     -4%       $0     $2,089.5
Symyx Technologies
Steven D. Goldby            $324.1    -48%   $1,160.2       $0
Isy Goldwasser              $556.5     -5%   $1,740.3     $655.2

Thermo Fisher
  Scientific

Marijin E. Dekkers        $3,051.6    -40%     $225.1       $0
Mark N.Casper             $1,483.3     -5%       $0         $0
Transgenomic
Craig J. Tuttle             $300.0    110%       $0        $96.9
Varian
Garry W. Rogerson         $2,050.6     81%       $0     $1,675.9
Martin O'Donoghue           $779.0     61%       $0       $700.6

Waters
Douglas A. Berthiaume     $2,100.0     -8%       $0         $0
Arthur G. Caputo          $1,148.0     -1%       $0     $2,401.3
-Rite
Thomas J. Vacchiano Jr.     $532.2    172%       $0       $911.1
Average                   $1,329.1   19.6%     $862.8   $1,130.5

                            Long-Term
                           Comensation

                             Chg. In
                          Pension Value
                          & Nonqualified              Total
                          Deferred Comp.   Other      Comp.
Executive                     ($000)       ($000)    ($000)

Laboratory
  Instrumentation
Affymetrix
Stephen P.A. Fodor                  $0      $73.3    $2,470.1
Kevin M. King                       $0     $230.7    $2,889.9
Applied Biosystems
Tony L. White                   $3,325.4   $199.2   $16,535.0
Beckman Couiter
Scott Garrett                      $40.1   $314.1    $6,262.9
Becton Dickinson & Co.
Edward J. Ludwig                  $448.2    $19.2   $12,522.6
Vincent A.Forlenza                $203.3     $7.3    $3,579.8
Bio-Rad Laboratories
Norman Schwartz                     $0      $13.5    $3,671.0
David Schwartz                      $0      $18.9      $814.5
Bruker BioSciences
Frank H. Laukien                    $0       $6.8    $1,106.3
Caliper Life Sciences
E. Kevin Hrusovsky                  $0       $0.4    $1,171.4
Cepheid
John L. Bishop                      $0      $40.4    $1,584.6
CombiMatrix
Amit Kumar                          $0       $0        $913.5
Dionex
Lukas Braunschweiler                $0      $63.4    $1,314.4
Harvard Bioscience
Chane Graziano                      $0      $26.6    $1,816.2
David Green                         $0      $21.7    $1,319.0
Illumina
Jay T. Flatley                      $0      $12.9   $10,184.7
Luminex
Patrick J. Balthrop                 $0       $7.1    $1,830.1
MOCON
Robert L. Demorest                  $0      $10.4      $464.3
0.I. Corp.
J. Bruce Lancaster                  $0      $20.8      $365.8
PerkinElmer
Gregory L. Summe                  $184.8   $269.7    $1,144.8
Robert F. Friel                   $146.5    $75.9    $5,245.9
Sequenom
Harry Stylli                        $0      $16.0    $2,712.4
Symyx Technologies
Steven D. Goldby                    $0       $5.1    $1,489.4
Isy Goldwasser                      $0       $5.1    $2,957.1

Thermo Fisher
  Scientific

Marijin E. Dekkers                $181.7    $36.5    $3,494.8
Mark N.Casper                      $30.1    $44.2    $1,557.5
Transgenomic
Craig J. Tuttle                     $0      $24.9      $421.9
Varian
Garry W. Rogerson                   $0     $121.5    $3,847.9
Martin O'Donoghue                   $0      $61.9    $1,541.4

Waters
Douglas A. Berthiaume             $264.1    $71.1    $2,435.2
Arthur G. Caputo                  $126.1     $8.1    $3,683.4
-Rite
Thomas J. Vacchiano Jr.                     $54.3    $1,497.6
Average                           $154.7    $58.8    $3,535.9

                          Options     Op. Profit
                          Exerc.
                           '07       '07      %
Executive                 ($000)     ($M)    Chg.

Laboratory
  Instrumentation
Affymetrix
Stephen P.A. Fodor           $862       $6    NM
Kevin M. King                  $0       $6    NM
Applied Biosystems
Tony L. White              $8,187     $237   -20%
Beckman Couiter
Scott Garrett                $518     $272     4%
Becton Dickinson & Co.
Edward J. Ludwig          $13,761   $1,203     5%
Vincent A.Forlenza         $2,849     $259    17%
BIo-Rad Laboratories
Norman Schwartz              $441     $135    -7%
David Schwartz             $5,055     $135    -7%
Bruker BioSciences
Frank H. Laukien               $0      $50    63%
Caliper Life Sciences
E. Kevin Hrusovsky             $0     -$24     NM
Cepheid
John L. Bishop                 $0     -$25     NM
CombiMatrix
Amit Kumar                     $0     -$16     NM
Dionex
Lukas Braunschweiler       $3,762      $70    25%
Harvard Bioscience
Chane Graziano                 $0      $10    10%
David Green                    $0      $10    10%
Illumina
Jay T. Flatley             $4,198    -$301    N/A
Luminex
Patrick J. Balthrop            $0     -$17     NM
MOCON
Robert L. Demorest             $0       $5    -2%
0.I. Corp.
J. Bruce Lancaster             $0       $0     NM
PerkinElmer
Gregory L. Summe          $12,416     $168    10%
Robert F. Friel                $0     $129    12%
Sequenom
Harry Stylli                   $0     -$23     NM
Symyx Technologies
Steven D. Goldby               $0     -$17     NM
Isy Goldwasser               $585     -$17     NM

Thermo Fisher
  Scientific

Marijin E. Dekkers        $65,017     $974    25%
Mark N.Casper              $8,844     $974    25%
Transgenomic
Craig J. Tuttle                $0      -$3     NM
Varian
Garry W. Rogerson          $4,220      $93    27%
Martin O'Donoghue            $422      $79    32%

Waters
Douglas A. Berthiaume      $9,527     $349    18%
Arthur G. Caputo          $10,417     $349    18%
-Rite
Thomas J. Vacchiano Jr.                $17     NM
Average                    $4,721     $138     1%

Top 10 Short-Term Compensation, 2007

Company                    Executive               Total Pay

PerkinElmer                Gregory L. Summe        $7,204,762
Danaher                    H. Lawrence Culp, Jr.   $4,875,000
Applied Biosystems         Tony L. White           $3,361,755
PerkinElmer                Robert F. Friel         $3,129,392
Thermo Fisher Scientific   Marijin E. Dekkers      $3,051,563
Invitrogen                 Gregory T. Lucier       $2,957,500
Roper Industries           Brian D. Jellison       $2,850,000
Mettler-Toledo Int'l       Robert F. Spoerry       $2,603,980
Becton Dickinson & Co.     Edward J. Ludwig        $2,430,000
Waters                     Douglas A. Berthiaume   $2,100,000
Average                                            $3,456,395

Top 10 Fair Value Stock and Option Grant Recipients, 2007

       Company               Executive       Fair Value

Invitrogen               Gregory T. Lucier   $26,013,989
Applied Biosystems       Tony L. White        $9,648,651
Becton Dickinson & Co.   Edward J. Ludwig     $9,625,291
Illumina                 Jay T. Flatley       $9,293,935
Roper Industries         Brian D. Jellison    $7,396,290
Veeco Instruments        Edward H. Braun      $4,697,250
Veeco Instruments        John R. Peeler       $4,638,500
Beckman Coulter          Scott Garrett        $4,244,282
PerkinElmer              Gregory L. Summe     $3,788,190
AMETEK                   F.S. Hermance        $2,685,541
Average                                       $8,203,192

Top 10 Operating Profits in Proportion to Compensation, 2007

        Company                  Executive         Op. Prof./Pay *

                                   CEOs

Becton Dickinson & Co.     Edward J. Ludwig              495
Techne                     Thomas E. Oland               489
Sigma-Aldrich              Jai. P. Nagarkatti            417
Danaher                    H. Lawrence Culp, Jr.         357
Thermo Fisher Scientific   Marijin E. Dekkers            319
Average                                                  416

                                 Non-CEOs

Thermo Fisher Scientific   Mark N. Casper                657
AMETEK                     R.W. Chlebek                  447
Agilent Technologies       Christopher van Ingen         437
Mettler-Toledo Int'l       Beat Luethi                   378
Danaher                    Thomas P. Joyce, Jr.          357
Average                                                  455

* Operating profit earned per dollar of short-term compensation.
COPYRIGHT 2008 Strategic Directions International Inc. (SDI)
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Instrument Business Outlook
Date:May 15, 2008
Words:4796
Previous Article:The bottom line.
Next Article:Executives expect moderate sales growth.
Topics:



Related Articles
Manufacturing salary survey shows increase in 2003: the 2003 National Executive Compensation Survey shows nearly all positions in manufacturing...
Survey reveals emphasis on tying pay to quality: physician executive pay increase holds steady near 7 percent.
Executive pay seen as global concern.
Salary increases grind to a halt in 2005.
New management studies include AFS operational cost, AFS survey of wages and economic benefits.
Pay for performance prevails: debt market crisis and liquidity crunch will limit increases in executive compensation packages in 2007.
Physician executive compensation continues climb.
The talent trap: a lack of qualified, experienced applicants, a turbulent economy and other market factors have combined to make compensation the No....
Compensation trends for lab executives.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters