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GC Compensation Survey

Click here to read more about top GCs and the stories behind the numbers.

2003 Rank	2002 Rank	GC/ Company	State	Salary +	Bonus =	Total Cash +	Value Realized =	Total Cash Plus Stock Value Realized	Restricted Stock Grants	Option Grants (Italics indicate B-S valuation)*	Exercisable Options
1	1	Benjamin Heineman, Jr. General Electric Company	CT	$1,350,000	$2,580,000	$3,930,000	$0	$3,930,000	$2,095,000	$1,780,800	$13,884,923
2	5	Michael Fricklas Viacom Inc.	NY	960,000	1,200,000	2,160,000	0	2,160,000	0	1,582,530	3,714,000
3	16	Maura Abeln Smith¹ Owens Corning	OH	550,000	1,330,000	1,880,000	0	1,880,000	0	0	0
4	9	Deval Patrick The Coca-Cola Company	GA	495,000	1,250,000	1,745,000	0	1,745,000	0	3,486,000	0
5	10	James Evans American Financial Group, Inc.	OH	990,000	750,000	1,740,000	0	1,740,000	0	810,645	131,000
6	6	Thomas Geiser WellPoint Health Networks Inc.	CA	501,577	1,138,613	1,640,190	0	1,640,190	0	2,313,576	10,840,254
7	4	Charles Wall Altria Group, Inc.²	NY	833,269	700,000	1,533,269	0	1,533,269	0	0	6,856,425
8	-	William Barr Verizon Communications Inc.	NY	724,000	783,000	1,507,000	0	1,507,000	0	5,919,600	0
9	-	Thomas Russo Lehman Brothers Holdings, Inc.	NY	450,000	1,050,000	1,500,000	2,119,320	3,619,320	1,428,721	0	0
10	34	Gary Jacobs MGM Mirage	NV	632,500	825,000	1,457,500	0	1,457,500	880,750	0	0
11	-	James Cicconi AT&T Corp.	NJ	593,750	840,000	1,433,750	0	1,433,750	0	2,073,331	0
12	-	Jeffrey Kindler Pfizer Inc.	NY	725,000	704,600	1,429,600	0	1,429,600	798,000	3,740,351	0
13	41	James Zamoyski Federal-Mogul Corporation	MI	350,000	1,059,500	1,409,500	0	1,409,500	0	0	0
14	18	Christi Sulzbach Tenet Healthcare Corporation	CA	426,500	951,700	1,378,200	0	1,378,200	0	4,270,000	4,903,368
15	-	Gary Beller MetLife Inc.	NY	460,000	900,000	1,360,000	0	1,360,000	0	2,099,900	0
16	-	Joseph Konowiecki PacifiCare Health Systems Inc.	CA	547,887	800,000	1,347,887	0	1,347,887	0	3,498,900	0
17	27	Craig DeRoy The First American Corporation	CA	430,750	900,000	1,330,750	0	1,330,750	0	862,215	1,150,219
18	14	James Ellis SBC Communications Inc.	TX	727,000	600,000	1,327,000	0	1,327,000	0	1,586,000	435,882
19	31	Louis Meisinger³ The Walt Disney Company	CA	700,000	625,000	1,325,000	0	1,325,000	0	1,964,234	0
20	53	Christian Campbell Yum! Brands, Inc.⁴	KY	463,846	823,922	1,287,768	0	1,287,768	0	564,148	1,990,535
21	28	Raymond Smerge Centex Corporation	TX	360,000	900,000	1,260,000	1,170,422	2,430,422	0	1,477,286	2,831,430
22	42	John Leekley Masco Corporation	MI	688,000	568,000	1,256,000	1,305,000	2,561,000	100,000	1,239,000	290,000
23	143	Julius Genachowski USA Interactive, Inc.⁵	NY	496,154	750,000	1,246,154	956,361	2,202,515	1,797,600	0	482,104
24	58	Francis Frantz Alltel Corporation	AR	450,000	789,750	1,239,750	0	1,239,750	0	5,289,318	3,432,500
25	24	David Frick Anthem, Inc.	IN	475,000	760,000	1,235,000	0	1,235,000	883,878	2,259,618	0
26	22	Carl von Bernuth Union Pacific Corporation	NE	430,187	800,000	1,230,187	0	1,230,187	0	640,098	6,826,788
27	40	L. Edward Shaw, Jr. Aetna Inc.	CT	525,000	700,000	1,225,000	0	1,225,000	0	931,200	4,318,446
28	36	Christopher Kearney SPX Corporation	NC	420,000	787,441	1,207,441	1,849,921	3,057,362	0	1,679,734	0
29	153	Eberhard Schmoller CNF Inc.	CA	359,008	807,768	1,166,776	421,327	1,588,103	0	1,136,250	2,157,578
30	24	Donald de Brier Occidental Petroleum Corporation	CA	551,000	600,000	1,151,000	118,849	1,269,849	1,592,469	2,077,711	4,919,194
31	30	Rick Harrington⁶ ConocoPhillips	TX	409,360	715,000	1,124,360	1,822,062	2,946,422	0	2,231,730	700,505
32	-	Dan Sandman United States Steel Corporation	PA	520,000	588,000	1,108,000	0	1,108,000	768,625	1,462,050	0
33	-	Ira Dansky Jones Apparel Group, Inc.	PA	500,000	600,000	1,100,000	531,980	1,631,980	1,103,100	0	1,010,156
34	-	Stephen Lambright Anheuser-Busch Companies, Inc.	MO	540,000	550,000	1,090,000	9,040,037	10,130,037	0	7,062,329	10,980,603
35	32	Kenneth Masterson FedEx Corporation	TN	685,668	375,527	1,061,195	274,816	1,336,011	361,800	1,432,347	11,006,787
36	26	J. Barclay Collins Amerada Hess Corporation	NY	650,000	400,000	1,050,000	203,710	1,253,710	1,851,200	0	192,910
37	59	Peter Kreindler Honeywell International Inc.	NJ	495,000	550,000	1,045,000	0	1,045,000	3,692,000	0	0
38	29	Charles Lotter J.C. Penney Company, Inc.	TX	603,015	437,186	1,040,201	0	1,040,201	0	953,719	256,840
39	-	Anastasia Kelly⁷ Sears Roebuck and Company	IL	509,000	518,654	1,027,654	0	1,027,654	0	0	0
40	37	Edward Hardin, Jr. Caremark Rx, Inc.	AL	509,342	516,495	1,025,837	352,500	1,378,337	0	0	5,484,448
41	78	Lawrence Fisher Fluor Corporation	CA	463,360	539,100	1,002,460	0	1,002,460	130,240	250,360	25,031
42	2	Robert Lemle⁸ Cablevision Systems Corp.	NY	1,000,000	0	1,000,000	0	1,000,000	0	12,608,305	2,498,797
42	-	David Lubben UnitedHealth Group, Incorporated	MN	450,000	550,000	1,000,000	4,240,594	5,240,594	0	5,863,342	16,876,411
44	131	Stacey Mobley E.I. du Pont de Nemours	DE	496,270	500,000	996,270	707,921	1,704,191	0	3,611,250	1,167,850
45	61	John Ursu⁹ 3M Company	MN	510,404	476,328	986,732	750,219	1,736,951	0	1,770,290	903,728
46	-	Kim Sinatra¹⁰ Park Place Entertainment Corp.	NV	491,538	494,750	986,288	0	986,288	25,000	281,163	0
47	12	John Finneran, Jr. Capital One Financial Corporation	VA	400,000	579,370	979,370	0	979,370	1,080,302	1,236,338	52
48	-	John Rigas Armstrong Holdings, Inc.	PA	330,000	640,875	970,875	0	970,875	0	0	0
49	47	William von Glahn¹¹ The Williams Companies, Inc.	OK	464,346	500,000	964,346	0	964,346	0	468,750	0
50	-	Janet Langford Kelly Kellogg Company	MI	457,077	486,200	943,277	345,386	1,288,663	0	1,075,800	665,453
51	8	Louis Hoynes, Jr. Wyeth	NJ	678,500	260,000	938,500	0	938,500	0	3,311,550	144,018
52	92	Richard Lubasch NTL Europe, Inc.¹²	NY	467,290	470,000	937,290	0	937,290	0	0	0
53	98	Robert van Schoonenberg Avery Dennison Corporation	CA	454,666	475,000	929,666	1,030,470	1,960,136	0	472,800	1,379,035
54	81	Gilbert Klemann, II Avon Products, Inc.	NY	418,836	505,744	924,580	0	924,580	0	600,002	146,298
55	23	Raymond Skilling¹³ Aon Corporation	IL	609,696	312,750	922,446	0	922,446	0	344,201	0
56	87	Joseph Ryan Marriott International Inc.	MD	495,000	419,166	914,166	0	914,166	783,200	1,281,600	1,563,185
57	-	Ivan Meyerson McKesson Corporation	CA	399,423	510,000	909,423	1,326,253	2,235,676	0	1,184,193	6,492,017
58	48	Bryant Danner Edison International	CA	505,000	400,000	905,000	0	905,000	0	656,628	0
59	-	Thomas Gottschalk General Motors Corporation	MI	900,000	0	900,000	1,528,527	2,428,527	1,602,000	1,791,500	0
60	38	John Light Sempra Energy	CA	444,723	435,000	879,723	0	879,723	0	956,784	558,790
61	62	Ellen Oran Kaden Campbell Soup Co.	NJ	450,000	407,610	857,610	0	857,610	0	1,833,720	0
62	63	L. David Hanower Burlington Resources Inc.	TX	385,020	472,035	857,055	18,555	875,610	176,950	463,638	189,642
63	52	Marianne Keler SLM Corporation¹⁴	VA	300,000	550,000	850,000	4,220,260	5,070,260	0	3,822,823	9,007,704
64	39	Lester Coleman¹⁵ Halliburton Company	TX	475,008	371,364	846,372	0	846,372	1,004,247	0	0
65	35	Wayne Budd John Hancock Financial Services	MA	500,000	330,000	830,000	0	830,000	2,531,200	1,725,000	0
66	72	Randall Mehrberg Exelon Corporation	IL	435,288	389,639	824,927	0	824,927	418,740	612,450	0
67	134	Harry Goldsmith AutoZone, Inc.	TN	283,448	536,622	820,070	2,252,154	3,072,224	0	552,170	5,225,377
68	65	Sheldon Cammaker Emcor Group, Inc.	CT	410,000	405,963	815,963	856,011	1,671,974	50,576	440,715	3,326,366
69	108	Vicki O’Meara Ryder System, Inc.	FL	400,000	414,990	814,990	129,130	944,120	0	273,063	32,784
70	-	Jim Kaput The ServiceMaster Company	IL	350,000	460,157	810,157	0	810,157	110,800	328,100	55,700
71	54	Kenneth Jasinski¹⁶ Energy East Corporation	NY	425,000	382,500	807,500	0	807,500	0	780,000	678,539
72	105	Carl Edwards, Jr. Lennox International, Inc.	TX	320,998	485,494	806,492	0	806,492	1,079,635	487,139	260,627
73	70	Terrance O’Donnell Textron Inc.	RI	440,000	363,909	803,909	0	803,909	1,050,408	1,287,000	0
74	57	Maureen Scannell Bateman State Street Corporation	MA	500,011	300,000	800,011	0	800,011	0	1,602,306	818,892
75	-	Leonard Kennedy Nextel Communications, Inc.	VA	395,545	399,000	794,545	191,300	985,845	0	218,623	144
76	103	Mark Roche Fortune Brands Inc.	IL	405,000	388,200	793,200	1,021,037	1,814,237	0	697,200	2,295,795
77	11	Dennis Coyle FPL Group Inc.	FL	484,600	305,300	789,900	0	789,900	394,800	447,000	0
78	50	Michael Whealy First Data Corporation	CO	470,833	318,150	788,983	0	788,983	0	1,140,240	6,980,875
79	-	Jan Van Gorder Erie Family Life Insurance Co.	PA	476,675	311,255	787,930	0	787,930	120,927	0	0
80	109	Charles Fenton The Black & Decker Corporation	MD	413,333	373,500	786,833	0	786,833	0	911,834	958,360
81	-	Charles Morgan BellSouth Corporation	GA	480,800	300,000	780,800	0	780,800	0	1,748,000	0
82	93	Vincent Maffeo ITT Industries, Inc.	NY	380,008	390,000	770,008	1,292,850	2,062,858	0	796,000	3,591,370
83	77	C. Michael Carter Dole Food Company, Inc.	CA	430,885	337,500	768,385	0	768,385	0	259,750	768,465
84	64	Joseph Moderow United Parcel Service, Inc.	GA	553,250	212,650	765,900	1,370,967	2,136,867	0	1,276,780	272,103
85	135	B. Curtis Westen Health Net Inc.	CA	448,038	308,000	756,038	5,242,500	5,998,538	132,000	1,423,817	180,269
86	97	Timothy Donovan Tenneco Automotive Inc.	IL	408,914	341,250	750,164	0	750,164	0	0	114,365
87	138	William Calise, Jr. Rockwell Automation Inc.	WI	444,876	297,000	741,876	0	741,876	0	292,400	1,294,186
88	101	Kenneth Vittor McGraw-Hill Companies, Inc.	NY	432,000	306,915	738,915	0	738,915	0	1,363,843	314,893
89	-	Walter Withers Emerson Electric Co.	MO	405,000	330,000	735,000	0	735,000	0	1,661,225	15,975
90	100	James Diggs PPG Industries, Inc.	PA	350,000	375,000	725,000	16,257	741,257	0	1,143,341	0
91	147	Ellen Richey Providian Financial Corporation	CA	399,904	315,001	714,905	0	714,905	1,052,186	1,124,935	0
92	15	John McGoldrick Bristol-Myers Squibb Company	NY	712,000	0	712,000	0	712,000	0	1,385,425	1,927,252
93	-	William Luraschi AES Corporation	VA	382,917	323,850	706,767	0	706,767	0	0	0
94	82	John McMahon¹⁷ Consolidated Edison, Inc.	NY	453,000	250,000	703,000	0	703,000	875,400	318,500	53,045
95	76	Bart Colli Aramark Corporation	PA	402,500	300,000	702,500	920,475	1,622,975	0	1,157,166	0
96	95	Neal Sutton Smith International, Inc.	TX	359,942	340,688	700,630	0	700,630	0	798,720	1,831,216
97	-	Daniel Gregoire Oxford Health Plans, Inc.	CT	400,000	300,000	700,000	0	700,000	0	0	271,500
97	133	David Horn AK Steel Holding Corporation	OH	350,000	350,000	700,000	0	700,000	121,300	152,570	0
99	73	J. Paul McGrath American Standard Companies	NJ	422,916	245,000	667,916	0	667,916	0	1,877,251	3,096,128
100	99	Gail Lione Harley-Davidson, Inc.	NJ	293,808	371,667	665,475	0	665,475	0	803,134	2,328,924
(Corporate Counsel, August 2003)
* Italics indicate that the value of option grants was calculated by the company using the Black-Scholes method. All other option grants were valued using a standard 5 percent appreciation formula. 1 Left to join International Paper in March 2003. 2 Changed name from Philip Morris in January 2003. 3 Resigned in January 2003. 4 Changed name from Tricon Global Restaurants in May 2002. 5 Changed name from USA Networks in May 2002. 6 Retired in March 2003. Company changed name from Phillips Petroleum after acquiring Conoco in August 2002. 7 Resigned in January 2003. 8 Retired in January 2003. 9 Retired in March 2003. Company changed name from Minnesota Mining and Manufacturing in April 2002. 10 Resigned in January 2003. 11 Resigned in December 2002. 12 Changed name from NTL in January 2003. 13 Retired in July 2003. 14 Changed name from USA Education in May 2002. 15 Retired in May 2003. 16 Promoted to executive vice president and chief financial officer in February 2002. 17 Promoted to president and CEO, Orange and Rockland Utilities, a subsidiary of Consolidated Edison, Inc., in January 2003.