Executive compensation--assessing the options.
EXECUTIVE COMPENSATION--ASSESSING THE OPTIONS
Rank Executive Company
* title * ticker
1 A. Jerrold Perenchio Univision Communications Inc.
chairman, ceo UVN
2 Charles T. Munger Wesco Financial Corp.
chairman, ceo WSC
3 Ronald L. Havner Jr. Public Storage Inc.
vice chairman, ceo PSA
4 David Gold 99 Cents Only Stores
chairman, ceo NDN
5 Charles R. Williamson Unocal Corp.
chairman, ceo UCL
6 Kevin W. Sharer Amgen Inc.
chairman, ceo AMGN
7 Michael D. Eisner (3) Walt Disney Co.
ceo DIS
8 Ronald D. Sugar Northrop Grumman Corp.
chairman, ceo NOC
9 George Joseph Mercury General Corp.
chairman, ceo MCY
10 Philip Neal Avery Dennison Corp.
chairman, ceo AVY
11 John E. Bryson Edison International
chairman, ceo EIX
12 David Overton Cheesecake Factory Inc.
chairman, ceo CAKE
13 James A. McIntyre Fremont General Corp.
chairman, ceo FMT
14 Roger I. MacFarlane (4) UTI Worldwide Inc.
ceo UTIW
15 J. Mario Molina Molina Healthcare Inc.
chairman, ceo MOH
16 Noel G. Watson (3) Jacobs Engineering Group Inc.
ceo JEC
17 Van B. Honeycutt (5) Computer Sciences Corp.
chairman, ceo CSC
18 Michael Ziering Diagnostic Products Corp.
chairman, ceo DP
19 Ray R. Irani Occidental Petroleum Corp.
chairman, ceo OXY
20 Robert A. Eckert Mattel Inc.
chairman, ceo MAT
21 Angelo R. Mozilo Countrywide Financial Corp.
chairman, ceo, president CFC
22 Dunson Cheng Cathay General Bancorp,
chairman, ceo CATY
23 Arthur M. Coppola Macerich Co.
ceo, president MAC
24 Mark R. Goldston (7) United Online Inc.
chairman, ceo UNTD
25 Robert Antin VCA Antech Inc.
chairman, ceo WOOF
26 Russell Goldsmith City National Corp.
vice chairman, ceo CYN
27 Leonard D. Schaeffer Wellpoint Health Networks Inc.
chairman, ceo WLP
28 Bruce W. Marlow 21st Century Insurance Group
vice chairman, ceo TW
29 David H. Hannah Reliance Steel & Aluminum Co.
ceo RS
30 Bruce Karatz (8) KB Home
chairman, ceo KBH
31 Frederick Lax Tekelec
ceo, president TKLC
32 Joel S. Marcus Alexandria Real Estate Equities Inc.
ceo ARE
33 Jay M. Gellert Health Net Inc.
ceo, president HNT
34 Richard S. Ziman Arden Realty Inc.
chairman, ceo ARI
35 Michael W. Perry Indymac Bancorp Inc.
chairman, ceo NDE
36 Kent J. Thiry DaVita Inc.
chairman, ceo DVA
37 Larry Thomas Guitar Center Inc.
chairman, co-ceo GTRC
38 R. Chad Dreier Ryland Group Inc.
chairman, ceo RYL
39 Elizabeth McLaughlin (4) Hot Topic Inc.
ceo HOTT
40 John D. Poe (9) Semtech Corp.
chairman, former ceo SMTC
41 Dominic Ng East West Bancorp Inc.
chairman, ceo EWBC
42 John B. Kilroy Jr. Kilroy Realty Corp.
ceo, president KRC
43 Stephen F. Bollenbach Hilton Hotels Corp.
ceo, president HLT
44 Robert A. Kotick (12) Activision Inc.
chairman, ceo ATVI
45 Richard Gilchrist Maguire Properties Inc.
co-ceo, president MPG
46 Li-San Hwang (13) Tetra Tech Inc.
chairman, ceo TTEK
47 Alexander Lidow (14) International Rectifier Corp.
ceo IRF
48 Alex Yemenidjian Metro-Goldwyn-Mayer Inc.
chairman, ceo MGM
49 Jack A. Shaw (15) DirecTV Group Inc.
former ceo, president DTV
50 Jeff Shell Gemstar-TV Guide International Inc.
ceo GMST
Rank Executive 2003 2003
* title Salary Bonus
1 A. Jerrold Perenchio $0 $0
chairman, ceo
2 Charles T. Munger 0 0
chairman, ceo
3 Ronald L. Havner Jr. 313.8 500
vice chairman, ceo
4 David Gold 158.2 0
chairman, ceo
5 Charles R. Williamson 863.4 1,500
chairman, ceo
6 Kevin W. Sharer 1,098.3 2,475
chairman, ceo
7 Michael D. Eisner (3) 1,000 6,250
ceo
8 Ronald D. Sugar 1,040.4 2,650
chairman, ceo
9 George Joseph 612 795.8
chairman, ceo
10 Philip Neal 993.1 500
chairman, ceo
11 John E. Bryson 1,065 1,700
chairman, ceo
12 David Overton 500 0
chairman, ceo
13 James A. McIntyre 800.1 1,200
chairman, ceo
14 Roger I. MacFarlane (4) 409.3 155
ceo
15 J. Mario Molina 567.3 0
chairman, ceo
16 Noel G. Watson (3) 946.7 883.1
ceo
17 Van B. Honeycutt (5) 1,261.5 1,104.3
chairman, ceo
18 Michael Ziering 530 40
chairman, ceo
19 Ray R. Irani 1,300 3,120
chairman, ceo
20 Robert A. Eckert 1,250 634
chairman, ceo
21 Angelo R. Mozilo 2,266.7 19,890.5
chairman, ceo, president
22 Dunson Cheng 700 700
chairman, ceo
23 Arthur M. Coppola 650 0
ceo, president
24 Mark R. Goldston (7) 735 831.4
chairman, ceo
25 Robert Antin 540.8 540.8
chairman, ceo
26 Russell Goldsmith 868 1,132.2
vice chairman, ceo
27 Leonard D. Schaeffer 1,310 6,037
chairman, ceo
28 Bruce W. Marlow 797.3 1,028
vice chairman, ceo
29 David H. Hannah 500 575.3
ceo
30 Bruce Karatz (8) 994.7 5,000
chairman, ceo
31 Frederick Lax 414 505.3
ceo, president
32 Joel S. Marcus 595 510
ceo
33 Jay M. Gellert 891.7 0
ceo, president
34 Richard S. Ziman 670 735
chairman, ceo
35 Michael W. Perry 1,000 875
chairman, ceo
36 Kent J. Thiry 640.4 840
chairman, ceo
37 Larry Thomas 589.6 1,050
chairman, co-ceo
38 R. Chad Dreier 1,000 9,568.3
chairman, ceo
39 Elizabeth McLaughlin (4) 600 852
ceo
40 John D. Poe (9) 266.8 62
chairman, former ceo
41 Dominic Ng 625 1,475.7
chairman, ceo
42 John B. Kilroy Jr. 875 1,110
ceo, president
43 Stephen F. Bollenbach 1,000 2,000
ceo, president
44 Robert A. Kotick (12) 408.4 0
chairman, ceo
45 Richard Gilchrist 225 0
co-ceo, president
46 Li-San Hwang (13) 392.3 160
chairman, ceo
47 Alexander Lidow (14) 700 514.9
ceo
48 Alex Yemenidjian 2,500 1454.4
chairman, ceo
49 Jack A. Shaw (15) 852.4 1,311
former ceo, president
50 Jeff Shell 782.7 350
ceo
Rank Executive Other Other
* title Short Long
Term Term
1 A. Jerrold Perenchio $0 $0
chairman, ceo
2 Charles T. Munger 0 0
chairman, ceo
3 Ronald L. Havner Jr. 0 6
vice chairman, ceo
4 David Gold 0 0
chairman, ceo
5 Charles R. Williamson 9 92.5
chairman, ceo
6 Kevin W. Sharer 217.8 530.6
chairman, ceo
7 Michael D. Eisner (3) 0 4.8
ceo
8 Ronald D. Sugar 74.3 8
chairman, ceo
9 George Joseph 23.8 0
chairman, ceo
10 Philip Neal 52.4 44.8
chairman, ceo
11 John E. Bryson 5.5 736.5
chairman, ceo
12 David Overton 9.2 0
chairman, ceo
13 James A. McIntyre 101.9 441.8
chairman, ceo
14 Roger I. MacFarlane (4) 0 4.4
ceo
15 J. Mario Molina 0 9.6
chairman, ceo
16 Noel G. Watson (3) 0 7
ceo
17 Van B. Honeycutt (5) 93.2 3.6
chairman, ceo
18 Michael Ziering 0 28.5
chairman, ceo
19 Ray R. Irani 384.6 12,655
chairman, ceo
20 Robert A. Eckert 0 10,961.6
chairman, ceo
21 Angelo R. Mozilo 101.5 1,463
chairman, ceo, president
22 Dunson Cheng 4.9 21.4
chairman, ceo
23 Arthur M. Coppola 0 2,406.8
ceo, president
24 Mark R. Goldston (7) 0 0
chairman, ceo
25 Robert Antin 0 0
chairman, ceo
26 Russell Goldsmith 0 735.6
vice chairman, ceo
27 Leonard D. Schaeffer 4,320.9 227.4
chairman, ceo
28 Bruce W. Marlow 0 303.4
vice chairman, ceo
29 David H. Hannah 0 10.6
ceo
30 Bruce Karatz (8) 0 10,091.6
chairman, ceo
31 Frederick Lax 0 7.5
ceo, president
32 Joel S. Marcus 6.5 422.8
ceo
33 Jay M. Gellert 69.6 3,134.7
ceo, president
34 Richard S. Ziman 14.4 2,415.8
chairman, ceo
35 Michael W. Perry 237.7 5,050.7
chairman, ceo
36 Kent J. Thiry 78.4 751.8
chairman, ceo
37 Larry Thomas 81.9 6
chairman, co-ceo
38 R. Chad Dreier 2,340.6 5,265.1
chairman, ceo
39 Elizabeth McLaughlin (4) 9.2 0.0
ceo
40 John D. Poe (9) 4.8 142.5
chairman, former ceo
41 Dominic Ng 74.2 88.4
chairman, ceo
42 John B. Kilroy Jr. 0 370 (10)
ceo, president
43 Stephen F. Bollenbach 0 105.5
ceo, president
44 Robert A. Kotick (12) 0 4.4
chairman, ceo
45 Richard Gilchrist 1,250 11,250
co-ceo, president
46 Li-San Hwang (13) 6.4 10
chairman, ceo
47 Alexander Lidow (14) 0 7.2
ceo
48 Alex Yemenidjian 0 25
chairman, ceo
49 Jack A. Shaw (15) 195.6 14,660.7
former ceo, president
50 Jeff Shell 12 8
ceo
Rank Executive Total Company Options
* title Compensation Exercised
* includes LTIP * dollar value
payouts (1)
1 A. Jerrold Perenchio $0 $0
chairman, ceo
2 Charles T. Munger 0 0
chairman, ceo
3 Ronald L. Havner Jr. 819.8 0
vice chairman, ceo
4 David Gold 158.2 0
chairman, ceo
5 Charles R. Williamson 2,464.9 0
chairman, ceo
6 Kevin W. Sharer 4,321.7 5,357.5
chairman, ceo
7 Michael D. Eisner (3) 7,254.8 0
ceo
8 Ronald D. Sugar 5,867.2 0
chairman, ceo
9 George Joseph 1,431.6 0
chairman, ceo
10 Philip Neal 2,246.4 0
chairman, ceo
11 John E. Bryson 6,609.4 388.5
chairman, ceo
12 David Overton 509.2 0
chairman, ceo
13 James A. McIntyre 2,543.8 163.1
chairman, ceo
14 Roger I. MacFarlane (4) 568.7 0
ceo
15 J. Mario Molina 576.9 0
chairman, ceo
16 Noel G. Watson (3) 1,836.8 0
ceo
17 Van B. Honeycutt (5) 2,462.6 5,476.7
chairman, ceo
18 Michael Ziering 598.5 567.4
chairman, ceo
19 Ray R. Irani 25,096 8,054.4
chairman, ceo
20 Robert A. Eckert 12,845.6 0
chairman, ceo
21 Angelo R. Mozilo 23,721.7 34,361.4
chairman, ceo, president
22 Dunson Cheng 1,426.2 0
chairman, ceo
23 Arthur M. Coppola 3,056.8 491.9
ceo, president
24 Mark R. Goldston (7) 1,566.4 0
chairman, ceo
25 Robert Antin 1,081.6 452
chairman, ceo
26 Russell Goldsmith 2,735.8 4,462.3
vice chairman, ceo
27 Leonard D. Schaeffer 11,895.4 25,166.1
chairman, ceo
28 Bruce W. Marlow 2,128.7 0
vice chairman, ceo
29 David H. Hannah 1,085.9 370.8
ceo
30 Bruce Karatz (8) 18,518.7 0
chairman, ceo
31 Frederick Lax 926.8 0
ceo, president
32 Joel S. Marcus 1,534.3 1,645.7
ceo
33 Jay M. Gellert 4,096 10,068.4
ceo, president
34 Richard S. Ziman 3,835.2 0
chairman, ceo
35 Michael W. Perry 7,163.4 4,069
chairman, ceo
36 Kent J. Thiry 2,310.5 9,870.4
chairman, ceo
37 Larry Thomas 1,727.5 1,945.4
chairman, co-ceo
38 R. Chad Dreier 18,174 6,396
chairman, ceo
39 Elizabeth McLaughlin (4) 1,461.2 3,484.7
ceo
40 John D. Poe (9) 476.1 2,906.6
chairman, former ceo
41 Dominic Ng 2,263.3 4,104.7
chairman, ceo
42 John B. Kilroy Jr. 3,423.8 (11) 1,957.4
ceo, president
43 Stephen F. Bollenbach 3,105.5 20,447.3
ceo, president
44 Robert A. Kotick (12) 412.8 18,022.1
chairman, ceo
45 Richard Gilchrist 12,725 0
co-ceo, president
46 Li-San Hwang (13) 568.8 0
chairman, ceo
47 Alexander Lidow (14) 1,222.1 0
ceo
48 Alex Yemenidjian 3,979.4 0
chairman, ceo
49 Jack A. Shaw (15) 17,219.9 0
former ceo, president
50 Jeff Shell 1,152.7 0
ceo
Rank Executive New Options Aggregate
* title Grants Take-Home
1 A. Jerrold Perenchio 0 $0
chairman, ceo
2 Charles T. Munger 0 0
chairman, ceo
3 Ronald L. Havner Jr. 0 819.8
vice chairman, ceo
4 David Gold 0 158.2
chairman, ceo
5 Charles R. Williamson 0 2,464.9
chairman, ceo
6 Kevin W. Sharer 450 9,679.2
chairman, ceo
7 Michael D. Eisner (3) 0 7,254.8
ceo
8 Ronald D. Sugar 150 5,867.2
chairman, ceo
9 George Joseph 0 1,431.6
chairman, ceo
10 Philip Neal 150 2,246.4
chairman, ceo
11 John E. Bryson 330.1 6,997.9
chairman, ceo
12 David Overton 65 509.2
chairman, ceo
13 James A. McIntyre 0 2,706.9
chairman, ceo
14 Roger I. MacFarlane (4) 0 568.7
ceo
15 J. Mario Molina 0 576.9
chairman, ceo
16 Noel G. Watson (3) 150 1,836.8
ceo
17 Van B. Honeycutt (5) 256.6 7,939.3
chairman, ceo
18 Michael Ziering 0 1,165.9
chairman, ceo
19 Ray R. Irani 700 33,150.4
chairman, ceo
20 Robert A. Eckert 375 12,845.6
chairman, ceo
21 Angelo R. Mozilo 1,000 58,083.1
chairman, ceo, president
22 Dunson Cheng 395.9 1,426.2
chairman, ceo
23 Arthur M. Coppola 0 3,548.7
ceo, president
24 Mark R. Goldston (7) 825 1,566.4
chairman, ceo
25 Robert Antin 0 1,533.6
chairman, ceo
26 Russell Goldsmith 62.5 7,198.1
vice chairman, ceo
27 Leonard D. Schaeffer 612.9 37,061.4
chairman, ceo
28 Bruce W. Marlow 425.5 2,128.7
vice chairman, ceo
29 David H. Hannah 30 1,456.7
ceo
30 Bruce Karatz (8) 280 18,518.7
chairman, ceo
31 Frederick Lax 250 926.8
ceo, president
32 Joel S. Marcus 0 3,180
ceo
33 Jay M. Gellert 325 14,164.4
ceo, president
34 Richard S. Ziman 101.6 3,835.2
chairman, ceo
35 Michael W. Perry 0 11,232.4
chairman, ceo
36 Kent J. Thiry 300 12,180.9
chairman, ceo
37 Larry Thomas 80 3,672.9
chairman, co-ceo
38 R. Chad Dreier 0 24,570.0
chairman, ceo
39 Elizabeth McLaughlin (4) 300 4,945.9
ceo
40 John D. Poe (9) 120 3,382.6
chairman, former ceo
41 Dominic Ng 0.5 6,368
chairman, ceo
42 John B. Kilroy Jr. 0 5,381.2
ceo, president
43 Stephen F. Bollenbach 0 23,552.8
ceo, president
44 Robert A. Kotick (12) 678 18,434.8
chairman, ceo
45 Richard Gilchrist 0 12,725
co-ceo, president
46 Li-San Hwang (13) 45 568.8
chairman, ceo
47 Alexander Lidow (14) 0 1,222.1
ceo
48 Alex Yemenidjian 0 3,979.4
chairman, ceo
49 Jack A. Shaw (15) 0 17,219.9
former ceo, president
50 Jeff Shell 156.1 1,152.7
ceo
Rank Executive 2003 Effectiveness
* title Company Net Rating (2)
Income (Loss)
1 A. Jerrold Perenchio $155,427 0
chairman, ceo
2 Charles T. Munger 74,711 0
chairman, ceo
3 Ronald L. Havner Jr. 336,653 0.2
vice chairman, ceo
4 David Gold 56,529 0.3
chairman, ceo
5 Charles R. Williamson 643,000 0.4
chairman, ceo
6 Kevin W. Sharer 2,259,500 0.4
chairman, ceo
7 Michael D. Eisner (3) 1,267,000 0.6
ceo
8 Ronald D. Sugar 866,000 0.7
chairman, ceo
9 George Joseph 184,321 0.8
chairman, ceo
10 Philip Neal 267,900 0.8
chairman, ceo
11 John E. Bryson 821,000 0.9
chairman, ceo
12 David Overton 57,836 0.9
chairman, ceo
13 James A. McIntyre 256,261 1.1
chairman, ceo
14 Roger I. MacFarlane (4) 44,771 1.3
ceo
15 J. Mario Molina 42,517 1.4
chairman, ceo
16 Noel G. Watson (3) 128,010 1.4
ceo
17 Van B. Honeycutt (5) 519,400 1.5
chairman, ceo
18 Michael Ziering 61,795 1.9
chairman, ceo
19 Ray R. Irani 1,527,000 2.2
chairman, ceo
20 Robert A. Eckert 537,632 2.4
chairman, ceo
21 Angelo R. Mozilo 2,372,950 2.4
chairman, ceo, president
22 Dunson Cheng 55,572 2.6
chairman, ceo
23 Arthur M. Coppola 128,034 2.8
ceo, president
24 Mark R. Goldston (7) 54,883 2.9
chairman, ceo
25 Robert Antin 43,423 3.5
chairman, ceo
26 Russell Goldsmith 186,677 3.9
vice chairman, ceo
27 Leonard D. Schaeffer 935,229 4
chairman, ceo
28 Bruce W. Marlow 53,575 4
vice chairman, ceo
29 David H. Hannah 34,010 4.3
ceo
30 Bruce Karatz (8) 370,764 5
chairman, ceo
31 Frederick Lax 18,452 5
ceo, president
32 Joel S. Marcus 59,643 5.3
ceo
33 Jay M. Gellert 234,030 6.1
ceo, president
34 Richard S. Ziman 58,509 6.6
chairman, ceo
35 Michael W. Perry 171,303 6.6
chairman, ceo
36 Kent J. Thiry 175,791 6.9
chairman, ceo
37 Larry Thomas 36,860 10
chairman, co-ceo
38 R. Chad Dreier 241,692 10.2
chairman, ceo
39 Elizabeth McLaughlin (4) 48,042 10.3
ceo
40 John D. Poe (9) 32,466 10.4
chairman, former ceo
41 Dominic Ng 58,992 10.8
chairman, ceo
42 John B. Kilroy Jr. 49,612 10.8
ceo, president
43 Stephen F. Bollenbach 164,000 14.4
ceo, president
44 Robert A. Kotick (12) 66,180 27.9
chairman, ceo
45 Richard Gilchrist -52,165 NM
co-ceo, president
46 Li-San Hwang (13) -64,560 NM
chairman, ceo
47 Alexander Lidow (14) -89,639 NM
ceo
48 Alex Yemenidjian -161,761 NM
chairman, ceo
49 Jack A. Shaw (15) -361,800 NM
former ceo, president
50 Jeff Shell -577,398 NM
ceo
NM--Not meaningful.
The Business Journal ranked chief executives by "effectiveness,"
comparing the amount the CEO took home, including salary, bonus and
other cash compensation, restricted stock grants and value of options
exercised, with the company's net income for the same fiscal year.
These ratios are expressed in terms similar to percentages, lower
being deemed more effective. A CEO who took in $1 million, for
example, while the company earned $100 million in net income garnered
a rating of 1, while a CEO who took home $5 million while the company
earned $10 would rate a 50. Companies that lost money were ranked by
size of loss.
Other Long Term--Includes benefits, typically pension benefits paid
by the company, as well as restricted stock grants.
Total Company Compensation--Includes salary, bonus, other short term
compensation, other long term benefits including restricted stock
grants, as well as long-term incentive plan payouts.
Options Exercised--Net dollar value realized from options exercised
during the year.
New Option Grants--Number of new options granted during the year.
Aggregate Take-home--Sum of Total Company Compensation and Options
Exercised. This is the total dollar value realized by the CEO during
the year.
(1) Long-term incentive plan.
(2) Effectiveness Rating--Aggregate Take-home divided by company net
income. This is a measure of what d cost shareholders, through cash
compensation, restricted stock grants and value granted through
options exercises, for financial performance for the year.
(3) Fiscal year ended Sept. 30, 2003.
(4) Fiscal year ended Jan. 31, 2004.
(5) Fiscal year ended April 2, 2004.
(6) Includes 40,001 share granted as restricted stock award, valued
at Dec. 31, 2003 closing price of $75.85 per share.
(7) Twelve months ended Dec. 31, 2003.
(8) Fiscal year ended Nov. 30, 2003.
(9) Fiscal year ended Jan. 24, 2004. Poe replaced as ceo by Jason
Carlson on Oct. 6, 2003.
(10) Includes 10,617 shares granted as restricted stock award,
valued at $34.85 per share.
(11) Includes 30,668 shares granted as LTIP, valued at $34.85 per
share.
(12) Fiscal year ended March 31, 2003. Granted 153,000 "Bonus
Options" in lieu of cash bonus, included in New Options Granted.
(13) Fiscal year ended Sept. 28, 2003.
(14) Fiscal year ended June 30, 2003.
(15) Shaw replaced by Chase Carey on Dec. 22, 2003.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, Los Angeles Business Journal, 5700 Wilshire
Blvd., Suite 170, Los Angeles 90036. [c] 2004 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
COPYRIGHT 2004 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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