Top 10 Earning CEOs in the CG Industry
Forbes.com releases its annual Top Earning CEOs list revealing that for the third consecutive year, the chief executives of the 500 biggest companies in the United States (as measured by a composite ranking of sales, profits, assets and market value) took a reduction in total compensation. The latest collective pay cut, 30 percent, was the biggest of the past three years (11 percent and 15 percent declines in the prior two years).
It was also noted that this marks the first time in the past 20 years that total compensation declined in three consecutive years. In total, these 500 executives earned $4 billion in 2009, which averages out to $8 million apiece. Although down from last year (49 percent), the value realized from exercised stock options again account for the main component of pay, 30 percent, this year. The average stock gain was $2.4 million, the lowest since 2004. The following are the top 10 compensated CEOs in the consumer goods industry:
It was also noted that this marks the first time in the past 20 years that total compensation declined in three consecutive years. In total, these 500 executives earned $4 billion in 2009, which averages out to $8 million apiece. Although down from last year (49 percent), the value realized from exercised stock options again account for the main component of pay, 30 percent, this year. The average stock gain was $2.4 million, the lowest since 2004. The following are the top 10 compensated CEOs in the consumer goods industry:
| RANK | NAME | COMPANY | PAY | 5-YR PAY ($M) | SHARES OWNED ($M) | AGE | EFFICIENCY |
| 12 | Louis C Camilleri | Philip Morris Intl | 30.08 | NA | 91.8 | 55 | NA |
| 14 | Howard D Schultz | Starbucks | 29.21 | 129.772 | 482.3 | 56 | NA |
| 20 | Gregg L Engles | Dean Foods | 25.513 | 116.38 | 40.7 | 52 | 181 |
| 42 | William C Weldon | Johnson & Johnson | 18.29 | 78.78 | 26.8 | 61 | 140 |
| 46 | Thomas J Falk | Kimberly-Clark | 17.04 | 46.70 | 38.4 | 52 | 167 |
| 48 | Irene B Rosenfeld | Kraft Foods | 16.71 | 33.381 | 24.5 | 56 | NA |
| 60 | Douglas R Conant | Campbell Soup | 14.96 | 42.66 | 18.2 | 58 | 116 |
| 76 | William R Johnson | HJ Heinz | 12.97 | 41.92 | 31.1 | 61 | 126 |
| 84 | Susan M Ivey | Reynolds American | 11.75 | 37.22 | 5.9 | 51 | NA |
| 86 | A D David MacKay | Kellogg | 11.33 | 32.241 | 14.8 | 54 | NA |
Methodology:
Compensation rank is based on total compensation for latest fiscal year. Total compensation for each chief executive includes the following: salary and bonuses; other compensation, such as vested restricted stock grants, LTIP payouts and perks; and stock gains, the value realized by exercising stock options. Efficiency rank is based on Forbes.com's chief executive's performance/pay score. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. The most efficient rank is 1 and least efficient is 189.
For the full article and more analysis, click here. For the full list, click here.
1 Four-year total.
2 Three-year total.
3 Prior-year data.
Compensation rank is based on total compensation for latest fiscal year. Total compensation for each chief executive includes the following: salary and bonuses; other compensation, such as vested restricted stock grants, LTIP payouts and perks; and stock gains, the value realized by exercising stock options. Efficiency rank is based on Forbes.com's chief executive's performance/pay score. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. The most efficient rank is 1 and least efficient is 189.
For the full article and more analysis, click here. For the full list, click here.
1 Four-year total.
2 Three-year total.
3 Prior-year data.