Highest paid public company CEOs: ranked by aggregate take-home compensation in 2005.EXECUTIVE SUMMARY The top five highest paid executives on the Business Journal's list all earned over $11 million in aggregate take-home Adj. 1. take-home - (of salary or wages) remaining after all deductions including taxes net, nett - remaining after all deductions; "net profit" compensation in 2005, with a vast difference of $130 million separating No. 1 and No. 5. A notable change was Jay Gellert Jay Gellert (born 1956 in New York City, New York) is the current CEO and President of Health Net, Inc. of Health Net Inc. who did not place in the top 25 last year but ranked No. 5 on this year's list. Eight other company leaders who were not among the top 25 in 2005 also landed on the 2006 list. While two companies, Power-One Inc. and On Assignment Inc., reported net income losses in 2005, that performance did not preclude pre·clude tr.v. pre·clud·ed, pre·clud·ing, pre·cludes 1. To make impossible, as by action taken in advance; prevent. See Synonyms at prevent. 2. their leaders, Steven Goldman Steven Goldman is a sports writer on baseball and a commentator on the New York Yankees and at times on the New York Mets. During the summer, he is a semiweekly baseball columnist for The New York Sun and Peter T. Dameris, respectively, from making the list of highest paid CEOs. Indeed, company performance does not always directly correlate to the income of the chief executive. Consider that Kevin W. Sharer Kevin W. Sharer is Chairman of the Board and Chief Executive Officer of Amgen Inc. He also serves on the Board of 3M and Northrop-Grumman. • • ranked No. 3 in highest aggregate take-home earnings although the company he runs, Amgen, reported the highest net income of all the companies on the list. THE PACESETTER ANGELO R. MOZILO Angelo R. Mozilo is the chairman of the board and chief executive officer of Countrywide Financial. He is the son of a Bronx butcher. In 1969 he and David Loeb, who had already started a mortgage lending company, founded Countrywide Credit Industries in New York. WHEN Angelo R. Mozilo co-founded Calabasas-based Countrywide Financial Countrywide Financial Corporation (NYSE: CFC) is a diversified financial marketing and service holding company engaged primarily in residential mortgage banking and related businesses. Corp. more than 37 years ago, his hope was to make it the first nationwide mortgage banking company. Under his leadership, it has grown to be a global leader in diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services with over 55,000 employees and a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of more than $20 billion. Beginning his working life at age 12 in his father's Bronx Bronx, river, c.20 mi (30 km) long, issuing from Kensico Reservoir, SE N.Y., and flowing SW through the Bronx into the East River. The Bronx River Parkway, one of the first limited-access highways in the New York City area, parallels a portion of the river. , N.Y. butcher shop, Mozilo's big opportunity came in the 1960s, when he financed the housing boom near Cape Canaveral Cape Canaveral (kənăv`ərəl), low, sandy promontory extending E into the Atlantic Ocean from a barrier island, E Fla., separated from Merritt Island by the Banana River, a lagoon; named (1963) Cape Kennedy in memory of President John following the moon mission. After that success, he eventually came to the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. and Mozilo, now chairman and 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. , has been the driving force behind Countrywide's growth and profitability. As the highest paid executive on the Business Journal's list, Mozilo's aggregate take-home in 2005 was almost $142 million. Countrywide's net income for 2005 was over $2.5 billion. The company recently announced that Mozilo will continue his role with Countrywide coun·try·wide adv. & adj. Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search. Adj. 1. through December December: see month. 31, 2009.
HIGHEST PAID PUBLIC COMPANY CEOs
In Thousands
Rank Executive Ticker 2005 Salary
* title
* company
1 Angelo Mozilo CFC $2,667
chairman, ceo
Countrywide Financial
Corp.
2 R. Chad Dreier RYL 1,000
chairman, ceo, president
Ryland Group Inc.
3 Kevin W. Sharer AMGN 1,390
cob, ceo, president
Amgen Inc.
4 Stanley R. Zax ZNT 1,521
chairman, ceo,
president Zenith
National
Insurance Corp.
5 Jay Gellert HNT 900
ceo, president
Health Net Inc.
6 Robert A. Iger (1) DIS 1,500
ceo, president
Walt Disney Co.
7 James R. Zarley VCLK 375
cob, ceo
ValueClick Inc.
8 Mark R. Goldston UNTD 800
chairman, ceo
United Online Inc.
9 Brian J. Farrell THAI 604
chairman, ceo, president
THQ Inc.
10 Marty Albertson GTRC 697
chairman, ceo, president
Guitar Center Inc.
11 Keh-Skew Lu DIOD 175
ceo, president
Diodes Inc.
12 Robert Margolis CHKE 760
cob, ceo
Cherokee Inc.
13 David Overton CAKE 632
cob, ceo
Cheesecake Factory Inc.
14 Steven J. Goldman (2) PWER 520
chairman, ceo
Power-One Inc.
15 Jeffrey Stiefler DGIN 418
chairman, ceo, president
Digital Insight Corp.
16 Steven Nichols KSWS 890
cob, ceo, president
K-Swiss Inc.
17 Sathiyamurthy Chandramohan ARP 650
chairman, ceo
American Reprographics Co.
18 Bruce W. Marlow TW 800
ceo, president
21st Century Insurance
Group
19 Julia A. Stewart IHP 605
chairman, ceo, president
IHOP Corp.
20 Edward G. Atsinger SALM 850
ceo, president
Salem Communications Corp.
21 Ronald L. Havner PSA 660
ceo, president
Public Storage Inc.
22 W. Michael Long MOVE 500
ceo
Move Inc.
23 Cesar M. Garcia IRIS $290
ceo, president
IRIS International Inc.
24 Peter T. Dameris ASGN 440
ceo, president
On Assignment Inc.
25 Joseph D. Russell PSB 350
ceo, president
PS Business Parks Inc.
In Thousands
Executive 2005 Bonus Other Short
* title Term
* company Compensation
Angelo Mozilo $19,557 $347
chairman, ceo
Countrywide Financial
Corp.
R. Chad Dreier 16,501 5,627
chairman, ceo, president
Ryland Group Inc.
Kevin W. Sharer 4,500 237
cob, ceo, president
Amgen Inc.
Stanley R. Zax 2,250 14
chairman, ceo,
president Zenith
National
Insurance Corp.
Jay Gellert 815 56
ceo, president
Health Net Inc.
Robert A. Iger (1) 7,740 74
ceo, president
Walt Disney Co.
James R. Zarley 445 0
cob, ceo
ValueClick Inc.
Mark R. Goldston 1,000 0
chairman, ceo
United Online Inc.
Brian J. Farrell 602 807
chairman, ceo, president
THQ Inc.
Marty Albertson 840 65
chairman, ceo, president
Guitar Center Inc.
Keh-Skew Lu 480 13
ceo, president
Diodes Inc.
Robert Margolis 3,681 0
cob, ceo
Cherokee Inc.
David Overton 273 9
cob, ceo
Cheesecake Factory Inc.
Steven J. Goldman (2) 390 0
chairman, ceo
Power-One Inc.
Jeffrey Stiefler 428 0
chairman, ceo, president
Digital Insight Corp.
Steven Nichols 1,068 0
cob, ceo, president
K-Swiss Inc.
Sathiyamurthy Chandramohan 1,080 0
chairman, ceo
American Reprographics Co.
Bruce W. Marlow 864 0
ceo, president
21st Century Insurance
Group
Julia A. Stewart 824 118
chairman, ceo, president
IHOP Corp.
Edward G. Atsinger 502 0
ceo, president
Salem Communications Corp.
Ronald L. Havner 715 0
ceo, president
Public Storage Inc.
W. Michael Long 775 0
ceo
Move Inc.
Cesar M. Garcia $144 $6
ceo, president
IRIS International Inc.
Peter T. Dameris 600 55
ceo, president
On Assignment Inc.
Joseph D. Russell 325 0
ceo, president
PS Business Parks Inc.
In Thousands
Executive Other Long Total
* title Term Company
* company Compensation Compensation
Angelo Mozilo $380 $22,950
chairman, ceo
Countrywide Financial
Corp.
R. Chad Dreier 11,253 34,381
chairman, ceo, president
Ryland Group Inc.
Kevin W. Sharer 495 6,622
cob, ceo, president
Amgen Inc.
Stanley R. Zax 37 3,822
chairman, ceo,
president Zenith
National
Insurance Corp.
Jay Gellert 17 1,788
ceo, president
Health Net Inc.
Robert A. Iger (1) 500 9,813
ceo, president
Walt Disney Co.
James R. Zarley 3 823
cob, ceo
ValueClick Inc.
Mark R. Goldston 5,277 7,077
chairman, ceo
United Online Inc.
Brian J. Farrell 8 2,022
chairman, ceo, president
THQ Inc.
Marty Albertson 4,974 6,575
chairman, ceo, president
Guitar Center Inc.
Keh-Skew Lu 4,688 5,356
ceo, president
Diodes Inc.
Robert Margolis 0 4,441
cob, ceo
Cherokee Inc.
David Overton 0 914
cob, ceo
Cheesecake Factory Inc.
Steven J. Goldman (2) 0 910
chairman, ceo
Power-One Inc.
Jeffrey Stiefler 1,249 2,095
chairman, ceo, president
Digital Insight Corp.
Steven Nichols 70 2,028
cob, ceo, president
K-Swiss Inc.
Sathiyamurthy Chandramohan 0 1,730
chairman, ceo
American Reprographics Co.
Bruce W. Marlow 13 1,677
ceo, president
21st Century Insurance
Group
Julia A. Stewart 14 1,561
chairman, ceo, president
IHOP Corp.
Edward G. Atsinger 55 1,407
ceo, president
Salem Communications Corp.
Ronald L. Havner 8 1,383
ceo, president
Public Storage Inc.
W. Michael Long 0 1,275
ceo
Move Inc.
Cesar M. Garcia $3 $443
ceo, president
IRIS International Inc.
Peter T. Dameris 0 1,095
ceo, president
On Assignment Inc.
Joseph D. Russell 269 944
ceo, president
PS Business Parks Inc.
In Thousands
Executive Options New
* title Exercised Options
* company * dollar Grants
value (in units)
Angelo Mozilo $119,025 1,400
chairman, ceo
Countrywide Financial
Corp.
R. Chad Dreier 23,249 -
chairman, ceo, president
Ryland Group Inc.
Kevin W. Sharer 27,865 225
cob, ceo, president
Amgen Inc.
Stanley R. Zax 23,792 -
chairman, ceo,
president Zenith
National
Insurance Corp.
Jay Gellert 9,852 -
ceo, president
Health Net Inc.
Robert A. Iger (1) 1,375 274
ceo, president
Walt Disney Co.
James R. Zarley 9,470 500
cob, ceo
ValueClick Inc.
Mark R. Goldston 3,084 -
chairman, ceo
United Online Inc.
Brian J. Farrell 7,366 242
chairman, ceo, president
THQ Inc.
Marty Albertson 0 32
chairman, ceo, president
Guitar Center Inc.
Keh-Skew Lu 0 79
ceo, president
Diodes Inc.
Robert Margolis 0 -
cob, ceo
Cherokee Inc.
David Overton 2,244 100
cob, ceo
Cheesecake Factory Inc.
Steven J. Goldman (2) 1,519 -
chairman, ceo
Power-One Inc.
Jeffrey Stiefler 0 157
chairman, ceo, president
Digital Insight Corp.
Steven Nichols 0 -
cob, ceo, president
K-Swiss Inc.
Sathiyamurthy Chandramohan 0 -
chairman, ceo
American Reprographics Co.
Bruce W. Marlow 0 485
ceo, president
21st Century Insurance
Group
Julia A. Stewart 0 50
chairman, ceo, president
IHOP Corp.
Edward G. Atsinger 0 92
ceo, president
Salem Communications Corp.
Ronald L. Havner 0 83
ceo, president
Public Storage Inc.
W. Michael Long 0 2,300
ceo
Move Inc.
Cesar M. Garcia $752 -
ceo, president
IRIS International Inc.
Peter T. Dameris 0 100
ceo, president
On Assignment Inc.
Joseph D. Russell 0 50
ceo, president
PS Business Parks Inc.
In Thousands
Executive Aggregate 2005 Co. Net
* title Take Home Income (loss)
* company * fiscal year
end
Angelo Mozilo $141,975 $2,528,100
chairman, ceo 12/31/2005
Countrywide Financial
Corp.
R. Chad Dreier 57,630 447,100
chairman, ceo, president 12/31/2005
Ryland Group Inc.
Kevin W. Sharer 34,487 3,674,000
cob, ceo, president 12/31/2005
Amgen Inc.
Stanley R. Zax 27,614 157,700
chairman, ceo, 12/31/2005
president Zenith
National
Insurance Corp.
Jay Gellert 11,640 229,800
ceo, president 12/31/2005
Health Net Inc.
Robert A. Iger (1) 11,188 2,533,000
ceo, president 9/30/2005
Walt Disney Co.
James R. Zarley 10,293 40,600
cob, ceo 12/31/2005
ValueClick Inc.
Mark R. Goldston 10,161 47,100
chairman, ceo 12/31/2005
United Online Inc.
Brian J. Farrell 9,388 34,270
chairman, ceo, president 3/31/2006
THQ Inc.
Marty Albertson 6,575 76,700
chairman, ceo, president 12/31/2005
Guitar Center Inc.
Keh-Skew Lu 5,356 33,300
ceo, president 12/31/2005
Diodes Inc.
Robert Margolis 4,441 18,277
cob, ceo 1/31/2006
Cherokee Inc.
David Overton 3,158 87,500
cob, ceo 12/31/2005
Cheesecake Factory Inc.
Steven J. Goldman (2) 2,429 -38,300
chairman, ceo 12/31/2005
Power-One Inc.
Jeffrey Stiefler 2,095 26,500
chairman, ceo, president 12/31/2005
Digital Insight Corp.
Steven Nichols 2,028 75,200
cob, ceo, president 12/31/2005
K-Swiss Inc.
Sathiyamurthy Chandramohan 1,730 60,500
chairman, ceo 12/31/2005
American Reprographics Co.
Bruce W. Marlow 1,677 87,400
ceo, president 12/31/2005
21st Century Insurance
Group
Julia A. Stewart 1,561 43,900
chairman, ceo, president 12/31/2005
IHOP Corp.
Edward G. Atsinger 1,407 12,700
ceo, president 12/31/2005
Salem Communications Corp.
Ronald L. Havner 1,383 456,400
ceo, president 12/31/2005
Public Storage Inc.
W. Michael Long 1,275 545
ceo 12/31/2005
Move Inc.
Cesar M. Garcia $1,195 $6,130
ceo, president 12/31/2005
IRIS International Inc.
Peter T. Dameris 1,095 (96)
ceo, president 12/31/2005
On Assignment Inc.
Joseph D. Russell 944 75,300
ceo, president 12/31/2005
PS Business Parks Inc.
In Thousands
Executive Effectiveness
* title Rating
* company
Angelo Mozilo 5.6
chairman, ceo
Countrywide Financial
Corp.
R. Chad Dreier 12.9
chairman, ceo, president
Ryland Group Inc.
Kevin W. Sharer 0.9
cob, ceo, president
Amgen Inc.
Stanley R. Zax 17.5
chairman, ceo,
president Zenith
National
Insurance Corp.
Jay Gellert 5.1
ceo, president
Health Net Inc.
Robert A. Iger (1) 0.4
ceo, president
Walt Disney Co.
James R. Zarley 25.4
cob, ceo
ValueClick Inc.
Mark R. Goldston 21.6
chairman, ceo
United Online Inc.
Brian J. Farrell 27.4
chairman, ceo, president
THQ Inc.
Marty Albertson 8.6
chairman, ceo, president
Guitar Center Inc.
Keh-Skew Lu 16.1
ceo, president
Diodes Inc.
Robert Margolis 24.3
cob, ceo
Cherokee Inc.
David Overton 3.6
cob, ceo
Cheesecake Factory Inc.
Steven J. Goldman (2) NM
chairman, ceo
Power-One Inc.
Jeffrey Stiefler 7.9
chairman, ceo, president
Digital Insight Corp.
Steven Nichols 2.7
cob, ceo, president
K-Swiss Inc.
Sathiyamurthy Chandramohan 2.9
chairman, ceo
American Reprographics Co.
Bruce W. Marlow 1.9
ceo, president
21st Century Insurance
Group
Julia A. Stewart 3.6
chairman, ceo, president
IHOP Corp.
Edward G. Atsinger 11.1
ceo, president
Salem Communications Corp.
Ronald L. Havner 0.3
ceo, president
Public Storage Inc.
W. Michael Long 233.9
ceo
Move Inc.
Cesar M. Garcia 19.5
ceo, president
IRIS International Inc.
Peter T. Dameris NM
ceo, president
On Assignment Inc.
Joseph D. Russell 1.3
ceo, president
PS Business Parks Inc.
NM: not meaningful
Other Long Term-Compensation includes benefits, typically pension
benefits paid by the company, as well as restricted stock grants and
long-term incentive plan payouts.
Total Company Compensation-Includes salary, bonus, other short term
compensation and other long-term compensation.
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.
Effectiveness Rating-Aggregate take-home divided by company net
income. This is a measure of what it cost shareholders, through cash
compensation, restricted stock grants and value granted through options
exercises, for financial performance for the year.
Only CEOs of public companies based in the greater SFV were included.
(1) Iger's compensation refers to his position as president of Walt
Disney Co. until October 1, 2005. Iger became president and chief
executive officer effective October 2, 2005.
(2) Goldman was CEO of Power-One until February 2006 and was
succeeded by William Yeates.
Source: Capital 10 and DEF-14A filings from SEC.gov. 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, San Fernando Valley Business Journal, 21600 Oxnard
St., Suite 250, Woodland Hills 91367.02006 San Fernando Valley 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 ext. 104 or e-mail
jmartin@wrightsreprints.com. Researched and compiled by Duff & Phelps,
LLC (310) 284-8008 with Barbara Sheppard
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