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Home / Magazine / Archives 06-07 / September/October 2007 / What 30 Top Comp Committees Pay Their CEOs—And Themselves

What 30 Top Comp Committees Pay Their CEOs—And Themselves

from September/October 2007

The fuss over CEO pay explains why many directors drawing heat these days serve on the compensation committee. Sorry, there’s no surefire absolution even if the offending CEO was firmly entrenched before you joined the board.

A listing of these committee members at 10 top companies in the S&P 500, the Russell Midcaps, and the Wilshire Small Caps, ranked by market capitalization as of April 30, appears here. Corporate Board Member commissioned the Corporate Library, a shareholder watchdog and research outfit, to calculate the total compensation the 30 companies paid these directors in 2006. The resulting amounts often vary at the same company because they include not only basic board retainers but all the other fees individual directors collected for—say, chairing the comp committee, attending board and committee meetings, and working on (or chairing) other committees as well. The dollar amounts also include the value of stock grants and the like.

In addition, the Corporate Library calculated the total comp paid to the CEOs of these companies, factoring in such things as the value of stock options and pension benefits. To measure the CEOs’ performance, Morningstar, an investment research outfit, provided each company’s total return and that of its industry, along with its revenues and profit. All figures are for fiscal 2006 unless otherwise stated. The CEOs and directors here are those identified as holding the positions in their companies’ proxies. Some have since moved on. But even without them, there’s still enough heat left to go around.

10 Top Standard & Poor's 500 Companies


Exxon Mobil
Oil and gas
Revenues $377.6 billion
Profit $39.5 billion
Compensation committee members and what they made at Exxon Mobil
Other directorships

William R. Howell, 71 (Committee Chair
Chairman Emeritus, J.C. Penney Co
$372,56
American Electric Power, Halliburton,* Pfizer, Williams Cos.*

James R. Houghton, 71
Non-executive Chairman, Corning Inc.
$349,934
MetLife*
Reatha Clark King, 69
Former Chairman of the Board of Trustees, General Mills Foundation
$347,839
Lenox Group*

Samuel J. Palmisano, 55
Chairman and CEO, IBM
$583,924

Walter V. Shipley, 71
Retired Chairman and CEO, Chase Manhattan Corp.
$344,030
Verizon Communications,* Wyeth*

Number of times the board met: 12
Number of times the committee met: 9

*Also serves on this company’s comp committee
THE CEO
Rex W. Tillerson, 54
Total 2006 comp:
$22.9 million

Return on equity:
35.11%
Industry median: 17%


General Electric
Electric equipment
Revenues $163.4 billion
Profit $20.8 billion
Compensation committee members and what they made at GE
Other directorships

Ralph S. Larsen, 68 (Committee Chair)
Former Chairman and CEO, Johnson & Johnson
$454,963
Xerox*

Claudio X. Gonzalez, 72
Chairman and CEO, Kimberly-Clark de Mexico SA de CV
$700,200
America Movil SAB de CV, Grupo Carso SA de CV, Grupo Mexico SA de CV, Grupo Televisa SA, Home Depot,* Kellogg Co.,* Kimberly-Clark, Mexico Fund Inc.
Andrea Jung, 48
Chairman and CEO, Avon Products Inc.
$434,918

Samuel A. Nunn, 69
Co-chairman and CEO, Nuclear Threat Initiative
$536,233
Chevron, Coca-Cola,* Dell, Total System Services Inc.

Douglas A. Warner III, 60
Former Chairman, JPMorgan Chase & Co.
$446,917
Anheuser-Busch, Motorola

Number of times the board met: 12
Number of times the committee met: 8

*Also serves on this company’s comp committee
THE CEO
Jeffrey R. Immelt, 51
Total 2006 comp:
$16.7 million

Return on equity:
18.79%
Industry median: 7.32%


Citigroup
International banks
Revenues $89.6 billion
Profit $21.5 billion

Compensation committee members and what they made at Citigroup
Other directorships

Richard D. Parsons, 59 (Committee Chair)
Chairman and CEO, Time Warner
$117,097
Estée Lauder*

Alain J. P. Belda, 63
Chairman and CEO, Alcoa
$186,462
E.I. du Pont de Nemours*
Kenneth T. Derr, 70
Retired Chairman and CEO, Chevron
$219,085
Calpine Corp., Halliburton*

Ann Dibble Jordan, 72
Former Director of the Department of Social Services, University of Chicago Medical Center
$298,668
ADP, Johnson & Johnson*

Number of times the board met: 12
Number of times the committee met: 12

*Also serves on this company’s comp committee
THE CEO
Charles O. Prince, 57
Total 2006 comp:
$25.3 million

Return on equity:
18.71%
Industry median: 20.14%


Microsoft
Business applications
Revenues $44.3 billion
Profit $12.6 billion
Year ended June 2006


Compensation committee members and what they made
at Microsoft
Other directorships

Ann McLaughlin Korologos, 64
(Committee Chair)
Chairman of the Board of Trustees, RAND Corp.
$90,000
American Airlines, AMR Corp., Fannie Mae,* Harman International Industries, Host Hotels
& Resorts,* Kellogg Co.*
James I. Cash Jr., 59
Former Professor of Business Administration, Harvard Business School
$100,000
Chubb Corp., General Electric, Phase Forward Inc.,* Wal-Mart Stores

Helmut Panke, 61
Former Chairman of the Board of Management, BMW
$80,000
BMW, UBS AG

Number of times the board met: 9
Number of times the committee met: 5

*Also serves on this company’s comp committee
THE CEO
Steven A. Ballmer, 51
Total 2006 comp:
$976,000

Return on equity:
28.56%
Industry median: 1.83%



AT&T
Telecommunications services
Revenues $63 billion
Profit $7.4 billion



Compensation committee members and what they made
at AT&T
Other directorships

James A. Henderson, 72 (Committee Chair)
Retired Chairman and CEO, Cummins Inc.
$256,913
International Paper, Nanophase Technologies, Ryerson*

Gilbert F. Amelio, 64
Chairman and CEO, Jazz Technologies
$230,407
SiVault Systems
Martin K. Eby Jr., 72
Retired Chairman and CEO, Eby Corp.
$397,075

Patricia P. Upton, 69
CEO, Aromatique Inc.
$433,095

Number of times the board met: 9
Number of times the committee met: 6



*Also serves on this company’s comp committee
THE CEO
Edward E. Whitacre Jr., 65
Total 2006 comp:
$36.5 million
(Stepped down June 2007)

Return on equity:
8.64%
Industry median: 17.96%


Bank of America
International banks
Revenues $73 billion
Profit $21.1 billion

Compensation committee members and what they made
at Bank of America
Other directorships

Paul Fulton, 72 (Committee Chair)
Chairman, Bassett Furniture Industries
$468,101
Carter’s,* Lowe’s,* Sonoco Products*

Thomas M. Ryan, 54
Chairman and CEO, CVS Corp.
$432,890
Yum! Brands*
O. Temple Sloan Jr., 68
Chairman, General Parts International Inc.
$318,125
Highwoods Properties,* Lowe’s Cos., Morguard Corp.

Meredith R. Spangler, 69
Chairman, C.D. Spangler Foundation
$942,774

Number of times the board met: 9
Number of times the committee met: 6

*Also serves on this company’s comp committee
THE CEO
Kenneth D. Lewis, 60
Total 2006 comp:
$26 million

Return on equity:
18.09%
Industry median: 20.14%


Procter & Gamble
Personal and household products
Revenues $68.2 billion
Profit $8.7 billion
Year ended June 2006
Compensation committee members and what they made
at P&G
Other directorships

Norman R. Augustine, 71 (Committee Chair)
Former Chairman and CEO, Lockheed Martin
$224,000
Black & Decker, ConocoPhillips*

Scott D. Cook, 55
Co-founder and Chairman of the Executive Committee, Intuit Inc.
$214,000
eBay, Intuit
Joseph T. Gorman, 69
Chairman and CEO, Moxahela Enterprises LLC
$226,000
Alcoa*

Charles R. Lee, 67
Retired Chairman and Co-CEO, Verizon Communications
$240,500
DirecTV,* Marathon Oil, United Technologies,* U.S. Steel*

Margaret C. Whitman, 51
CEO, eBay
$220,000
DreamWorks Animation SKG, eBay

Number of times the board met: 13
Number of times the committee met: 7

*Also serves on this company’s comp committee
THE CEO
Alan G. Lafley, 60
Total 2006 comp:
$27.5 million

Return on equity:
22.14%
Industry median: 14.78%


Pfizer
Drugs
Revenues $48.4 billion
Profit $19.3 billion

Compensation committee members and what they made
at Pfizer
Other directorships

Dana G. Mead, 71 (Committee Chair)
Chairman, Massachusetts Institute
of Technology Corp.
$214,967

Robert N. Burt, 69
Retired Chairman and CEO, FMC Corp.
$199,301
Stanley O. Ikenberry, 71
Former President, University of Illinois
$229,467
Aquila*

George A. Lorch, 65
Chairman Emeritus, Armstrong Holdings Inc.
$199,301
Armstrong World Industries, Autoliv Inc.,* Williams Cos.*

Number of times the board met: 10
Number of times the committee met: 15

*Also serves on this company’s comp committee
THE CEO
Henry A. McKinnell, 64
Total 2006 comp:
$13.4 million
(Stepped down August 2006)

Return on equity:
28.27%
Industry median:
–18.49%


American International Group
Insurance
Revenues $113.2 billion
Profit $14 billion

Compensation committee members and what they made
at AIG
Other directorships

Marshall A. Cohen, 72 (Committee Chair)
Attorney, Cassels Brock & Blackwell
$345,115
Barrick Gold Corp.,* Collins & Aikman,* Goldfarb Corp., Metaldyne Corp., TD Ameritrade Holding Corp., TriMas Corp.

Pei-yuan Chia, 68
Retired Vice Chairman, Citicorp and Citibank NA
$169,790
Martin S. Feldstein, 67
Professor of Economics, Harvard University
$236,365
Eli Lilly & Co., HCA Inc.*

Frank G. Zarb, 72
Senior Adviser, Hellman & Friedman LLC
$340,865
FPL Group*

Number of times the board met: 11
Number of times the comp committee met: 13



*Also serves on this company’s comp committee
THE CEO
Martin J. Sullivan, 52
Total 2006 comp:
$27.7 million

Return on equity:
14.95%
Industry median: 15.89%


Altria Group
Tobacco
Revenues $101.4 billion
Profit $12 billion

Compensation committee members and what they made
at Altria
Other directorships

John S. Reed, 68 (Committee Chair)
Former Chairman, New York Stock Exchange
$244,000

Elizabeth E. Bailey, 68
Professor of Business and Public Policy, Wharton School, University of Pennsylvania
$244,000
CSX Corp.

Harold Brown, 80
Counselor, Center for Strategic and International Studies
$207,000


J. Dudley Fishburn, 60
Chairman, HFC Bank (U.K.)
$229,000
Beazley Group

Robert E. R. Huntley, 77
Retired Counsel, Hunton & Williams
$227,000

Lucio A. Noto, 68
Managing Partner, Midstream Partners LLC
$238,000
IBM, Shinsei Bank Ltd., United Auto Group Inc.

Stephen M. Wolf, 65
Managing Partner, Alpilles LLC
$233,000
R.R. Donnelley & Sons

Number of times the board met: 7
Number of times the committee met: 5
THE CEO
Louis C. Camilleri, 52
Total 2006 comp:
$35.1 million

Return on equity:
31.92%
Industry median: 24.53%


10 Top Russell Midcap Companies


Freeport-McMoRan Copper & Gold
Mining
Revenues $5.8 billion
Profit $1.5 billion

Compensation committee members and what they made
at Freeport
Other directorships

H. Devon Graham Jr., 72 (Committee Chair)
President, R.E. Smith Interests
$436,186
McMoRan Exploration Co.*

Robert J. Allison, 68
Chairman Emeritus, Anadarko Petroleum Corp.
$464,402

Bobby Lee Lackey, 69
Former CEO, McManus-Wyatt-Hidalgo Produce Marketing Co.
$401,234

J. Taylor Wharton, 68
Professor of Gynecologic Oncology, University of Texas M.D. Anderson Cancer Center
$437,287
McMoRan Exploration Co.*

Number of times the board met: 5
Number of times the committee met: 4

*Also serves on this company’s comp committee
THE CEO
Richard C. Adkerson, 60
Total 2006 comp:
$34.9 million

Return on equity:
139.51%
Industry median:
–7.52%


Entergy
Electric utilities
Revenues $10.9 billion
Profit $1.1 billion

Compensation committee members and what they made
at Entergy
Other directorships

W. Frank Blount, 68 (Committee Chair)
Chairman and CEO, TTS Management Corp.
$543,941
Adtran,* Alcatel-Lucent, Caterpillar,
Hanson PLC

Maureen Scannell Bateman, 63
Partner, Holland & Knight LLP
$221,936

Simon deBree, 68
Retired CEO and Director, Royal DSM NV
$265,954
Gary W. Edwards, 65
Former Senior Executive Vice President, Conoco Inc.
$129,853
Sunoco Logistics Partners LP

Alexis M. Herman, 60
Chair and CEO, New Ventures Inc.
$142,583
Cummins Inc.,* MGM Mirage

Number of times the board met: 9
Number of times the committee met: 6

*Also serves on this company’s comp committee
THE CEO
J. Wayne Leonard, 56
Total 2006 comp:
$17.8 million

Return on equity:
14.21%
Industry median: 11.23%


Celgene
Biotechnology
Revenues $898.9 million
Profit $69 million

Compensation committee members and what they made
at Celgene
Other directorships

Richard C. E. Morgan, 62 (Committee Chair)
CEO, Amphion Innovations PLC
$459,269
Axcess International, Quidel Corp.

Jack L. Bowman, 74
Chairman, AVI BioPharma
$461,769
Cellegy Pharmaceuticals, CytRx Corp., Neorx Corp., Targeted Genetics
*Also serves on this company’s comp committee
Michael D. Casey, 61
Former Chairman and CEO, Matrix Pharmaceutical Inc.
$470,834
Allos Therapeutics, Cholestech Corp., Durect Corp.,* Orthologic Corp.

Number of times the board met: 9
Number of times the committee met: 3

THE CEO
Sol J. Barer, 60
Total 2006 comp:
$16.6 million

Return on equity:
5.28%
Industry median:
–62.13%


NYSE Euronext
Securities
Revenues $1.7 billion
Profit $205 million

Compensation committee members and what they made
at NYSE Euronext
Other directorships

Robert B. Shapiro, 68 (Committee Chair)
Chairman and Managing Director, Sandbox Industries LLC
$113,750

William E. Ford, 45
CEO, General Atlantic LLC
$102,084
Critical Path, Multiplan Inc., Nymex Holdings, SoundView Technology Group
Shirley Ann Jackson, 59
President, Rensselaer Polytechnic Institute
$145,934
FedEx, IBM, Marathon Oil,* Medtronic, Public Service Enterprise Group Inc.*

Alice M. Rivlin, 76
Senior Fellow in the Economic Studies Program, Brookings Institution
$107,917
BearingPoint

Number of times the board met: 1
Number of times the committee met: 0

*Also serves on this company’s comp committee
THE CEO
John A. Thain, 51
Total 2006 comp:
$9.7 million

Return on equity:
16.61%
Industry median: 16.61%


Thermo Fisher Scientific
Medical equipment
Revenues $3.8 billion
Profit $168.9 million

Compensation committee members and what they made
at Thermo Fisher
Other directorships

Elaine S. Ullian, 59 (Committee Chair)
CEO, Boston Medical Center
$485,616
Valeant Pharmaceuticals International,* Vertex Pharmaceuticals*

John L. LaMattina, 57
Senior Vice President, Pfizer; President, Pfizer Global Research and Development
$268,516
Peter J. Manning, 68
Former Vice Chairman of Strategic Business Development, FleetBoston Financial
$321,572
Safety Insurance Group*

Number of times the board met: 7
Number of times the committee met: 5

*Also serves on this company’s comp committee
THE CEO
Marijn E. Dekkers, 49
Total 2006 comp:
$20.2 million

Return on equity:
2.02%
Industry median:
–0.41%


Kroger
Groceries
Revenues $66.1 billion
Profit $1.1 billion
Year ended January 2007


Compensation committee members and what they made
at Kroger
Other directorships

John T. LaMacchia, 65 (Committee Chair)
Chairman, Tellme Networks Inc.
$225,688

Robert D. Beyer, 47
CEO, TCW Group
$179,042
John L. Clendenin, 72
Chairman Emeritus, BellSouth Corp.
$210,591
Acuity Brands Inc., Equifax Inc., Home Depot,* Powerwave Technologies Inc.*

Bobby S. Shackouls, 56
Former Chairman and CEO, Burlington Resources Inc.
$215,755
ConocoPhillips

Number of times the board met: 6
Number of times the committee met: 7

*Also serves on this company’s comp committee
THE CEO
David B. Dillon, 55
Total 2006 comp:
$8.6 million

Return on equity:
23.95%
Industry median: 11.46%


Paccar
Truck maker
Revenues $16.5 billion
Profit $1.5 billion
Year ended March 2007

Compensation committee members and what they made
at Paccar
Other directorships

Alison J. Carnwath, 55
Chairman of the Management Board
and Investment Committees, Isis Equity Partners LLP
$166,735

John M. Fluke Jr., 64
Chairman, Fluke Capital Management LP
$254,573


Robert T. Parry, 68
Former CEO, Federal Reserve Bank
of San Francisco
$213,170
Countrywide Financial,* Janus Capital Group

Charles R. Williamson, 58
Former Executive Vice President,
Chevron
$98,269
Weyerhaeuser*

Number of times the board met: 4
Number of times the committee met: 11

*Also serves on this company’s comp committee
THE CEO
Mark C. Pigott, 53
Total 2006 comp:
$8.3 million

Return on equity:
35.8%
Industry median: 8.9%


American Electric Power
Electric utilities
Revenues $12.6 billion
Profit $1 billion


Compensation committee members and what they made
at AEP
Other directorships

John P. DesBarres, 67 (Committee Chair)
Former Chairman and CEO, Transco Energy Co.
$165,983
Magellan Midstream Partners LP*

Donald M. Carlton, 69
Retired CEO, Radian International LLC
$161,210
National Instruments Corp., Temple-Inland Inc.
Ralph D. Crosby Jr., 59
Chairman and CEO, EADS North America Inc.
$154,392
Ducommun Inc.

Robert W. Fri, 71
Retired President, Resources for the Future
$155,037

Number of times the board met: 8
Number of times the committee met: 6




*Also serves on this company’s comp committee
THE CEO
Michael G. Morris, 60
Total 2006 comp:
$13.5 million

Return on equity:
10.83%
Industry median: 11.23%


Amazon.com
Online retail
Revenues $10.7 billion
Profit $190 million


Compensation committee members and what they made
at Amazon

Patricia Q. Stonesifer, 50
(Committee Chair)
CEO, Bill and Melinda Gates Foundation
$46,544
William B. Gordon, 57
Executive Vice President and Chief Creative Officer, Electronic Arts Inc.
$110,705

Number of times the board met: 5
Number of times the committee met: 4


THE CEO
Jeffrey P. Bezos, 43
Total 2006 comp:
$2.5 million

Return on equity:
56.13%
Industry median:
–3.82%


CSX
Land transport
Revenues $9.6 billion
Profit $1.3 billion


Compensation committee members and what they made
at CSX
Other directorships

Frank S. Royal, 67 (Committee Chair)
Physician in Private Practice
$319,569
Chesapeake, Dominion Resources,* HCA Inc.,* Smithfield Foods,* SunTrust Banks

Robert D. Kunisch, 65
Special Partner, ABS Capital Partners Inc.
$325,020
William C. Richardson, 66
Retired CEO, W.K. Kellogg Foundation
$323,594
Bank of New York, Exelon, Kellogg Co.*

Donald J. Shepard, 60
Chairman and CEO, Aegon NV
$315,101
Mercantile Bankshares Corp.*

Number of times the board met: 6
Number of times the committee met: 7




*Also serves on this company’s comp committee
THE CEO
Michael J. Ward, 57
Total 2006 comp:
$20.6 million

Return on equity:
15.51%
Industry median: 13.91%


10 Top DJ Wilshire Small Cap Companies


Foster Wheeler
Engineering
and construction
Revenues $3.5 billion
Profit $262 million

Compensation committee members and what they made
at Foster Wheeler
Other directorships

Joseph J. Melone, 75 (Committee Chair)
Former CEO, Equitable Cos.
$139,008
Bisys Group,* Horace Mann Educators Corp.*

Ralph Alexander, 52
Former CEO, Innovene
$82,585

Diane C. Creel, 58
Chairman and CEO, Ecovation Inc.
$129,008
Allegheny Technologies,* Goodrich*

James D. Woods, 75
Chairman Emeritus and Retired CEO,
Baker Hughes Inc.
$134,008
Complete Production Services, Esco Technologies Inc.,* National Oilwell Varco,* OMI Corp., USEC

Number of times the board met: 11
Number of times the committee met: 7

*Also serves on this company’s comp committee
THE CEO
Raymond J. Milchovich, 58
Total 2006 comp:
$15.1 million

Return on equity:
N/A
Industry median: 11.56%


Owens-Illinois
Building materials
Revenues $7.5 billion
Loss ($27.5 million)

Compensation committee members and what they made
at Owens-Illinois
Other directorships

Anastasia D. Kelly, 57 (Committee Chair)
Executive Vice President and General Counsel, American International Group
$146,443

Robert J. Dineen, 77
Retired Chairman, Layne Christensen Co.
$147,139
Corbin A. McNeill Jr., 67
Retired Chairman and Co-CEO, Exelon
$116,428
Portland General Electric

Albert P. L. Stroucken, 59
Chairman, H.B. Fuller Co.
$83,423
Baxter International

Number of times the board met: 5
Number of times the committee met: 3

THE CEO
Steven R. McCracken, 53
Total 2006 comp:
$13 million
(Stepped down November 2006)
Return on equity:
–31.32%
Industry median: 13.37%


Harsco
Metal products
Revenues $3.4 billion
Profit $196.4 million

Compensation committee members and what they made
at Harsco
Other directorships

Robert C. Wilburn, 63 (Committee Chair)
President, Gettysburg Foundation
$147,294
Erie Indemnity Co.*

Jerry J. Jasinowski, 68
Former President, Manufacturing Institute
$138,324
Phoenix Cos., Timken,* WebMethods
Carolyn F. Scanlan, 59
CEO, Hospital and Healthsystem Association
of Pennsylvania
$143,939

James I. Scheiner, 62
Chairman, Benatec Associates Inc.
$153,119

Andrew J. Sordoni III, 63
Chairman, Sordoni Construction Services Inc.
$147,733

Number of times the board met: 9
Number of times the committee met: 5

*Also serves on this company’s comp committee
THE CEO
Derek C. Hathaway, 62
Total 2006 comp:
$4.3 million

Return on equity:
18.35%
Industry median: 12.05%


Manitowoc
Environmental control
Revenues $2.9 billion
Profit $166.2 million

Compensation committee members and what they made
at Manitowoc
Other directorships

James L. Packard, 64 (Committee Chair)
Former Executive Chairman, Regal-Beloit Corp.
$236,379
Clarcor

Virgis W. Colbert, 67
Former Executive Vice President, Miller Brewing Co.
$234,879
Delphi,* Sara Lee, Stanley Works*
Kenneth W. Krueger, 50
COO, Bucyrus International
$215,917

Robert S. Throop, 69
Former Chairman and CEO, Anthem Electronics
$233,379
Coast Distribution System

Number of times the board met: 4
Number of times the committee met: 6





*Also serves on this company’s comp committee
THE CEO
Terry D. Growcock, 61
Total 2006 comp:
$7 million
(Stepped down May 2007)
Return on equity:
25.22%
Industry median: 7.83%


CMS Energy
Electric utilities
Revenues $6.8 billion
Loss ($79 million)

Compensation committee members and what they made
at CMS
Other directorships

John B. Yasinsky, 68 (Committee Chair)
Former Chairman and CEO, Omnova Solutions
$200,597
A. Schulman Inc.

Jon E. Barfield, 55
Chairman and President, Bartech Group
$119,000
BMC Software, Dow Jones, Granite Broadcasting, National City Corp., Tecumseh Products*
Philip R. Lochner Jr., 63
Former Senior Vice President, Time Warner
$153,086
Adelphia Communications,* Apria Healthcare,* Clarcor,* Gtech Holdings,* Solutia*

Percy A. Pierre, 68
Vice President and Professor Emeritus, Michigan State University
$179,800

Number of times the board met: 11
Number of times the committee met: 6


*Also serves on this company’s comp committee
THE CEO
David W. Joos, 54
Total 2006 comp:
$5.2 million

Return on equity:
–3.47%
Industry median: 11.23%


PartnerRe Ltd.
Reinsurance
Revenues $4.2 billion
Profit $749.3 million

Compensation committee members and what they made
at PartnerRe
Other directorships

Jean-Paul L. Montupet, 59
(Committee Chair)
Executive Vice President, Emerson Electric; President, Emerson Europe
$239,652
Lexmark International

Vito H. Baumgartner, 66
Retired Group President, Caterpillar
$252,221
Kevin M. Twomey, 60
Retired President, St. Joe Co.
$254,638
St. Joe Co.

Jürgen Zech, 67
Retired Chairman, Gerling-Konzern Versicherungs-Beteiligungs-AG
$255,235

Number of times the board met: 4
Number of times the committee met: 5


THE CEO
Patrick A. Thiele, 56
Total 2006 comp:
$5 million

Return on equity:
21.92%
Industry median: 18.19%


Steel Dynamics
Steel and iron
Revenues $3.2 billion
Profit $396.7 million

Compensation committee members and what they made
at Steel Dynamics
Other directorships

Richard J. Freeland, 70 (Committee Chair)
President and CEO, Pizza Hut of Fort Wayne Inc.
$86,945

Frank D. Byrne, 54
President, St. Mary’s Hospital Medical Center
$83,445
Lincare Holdings
Joseph D. Ruffolo, 65
Principal, Ruffolo Benson LLC
$97,445
Tower Financial

Number of times the board met: 8
Number of times the committee met: 5





THE CEO
Keith E. Busse, 64
Total 2006 comp:
$3.2 million

Return on equity:
37.59%
Industry median: 22.64%


Annaly Capital Management
Finance
Revenues $147.7 million
Profit $93.8 million

Compensation committee members and what they made
at Annaly Capital

Jonathan D. Green, 60
President and CEO, Rockefeller Group International
$100,605


Donnell A. Segalas, 49
President, Pinnacle Asset Management LP
$99,855

Number of times the board met: 9
Number of times the committee met: 2


THE CEO
Michael A. J. Farrell, 55
Total 2006 comp:
$7.2 million

Return on equity:
5.08%
Industry median: 3.28%


Sierra Pacific Resources
Electric utilities
Revenues $3.4 billion
Profit $590.9 million

Compensation committee members and what they made
at SPR
Other directorships

James R. Donnelley, 71 (Committee Chair)
Partner, Stet & Query Ltd.
$92,513

Joseph B. Anderson Jr., 64
Chairman and CEO, TAG Holdings LLC
$85,809
ArvinMeritor, Quaker Chemical, Rite Aid
Mary Lee Coleman, 70
President, Coleman Enterprises
$78,609

Theodore J. Day, 57
Chairman, Dacole Co.
$74,200

Number of times the board met: 10
Number of times the committee met: 5


THE CEO
Walter M. Higgins, 62
Total 2006 comp:
$11 million

Return on equity:
25.24%
Industry median: 11.23%


ITT Educational Services
Education
Revenues $757.8 million
Profit $118.5 million
Year ended March 2007
Compensation committee members and what they made
at ITT

James D. Fowler Jr., 62
Retired Senior Vice President, ITT Industries
$209,076


Joanna T. Lau, 48
Chairman and CEO, Lau Acquisition Corp.
$133,356

Number of times the board met: 6
Number of times the committee met: 4



THE CEO
Rene R. Champagne, 65
Total 2006 comp:
$2.9 million
(Stepped down April 2007)
Return on equity:
57.46%
Industry median: 8.92%

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