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| Ranking based on total compensation of officials at publicly held companies in the United States and Canada |
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| Originally published September 12, 2011, in Plastics News. Some data may have been updated. | ||||||||||||||||||||||||||||||||||||||||||||
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Notes: †Three-year return to shareholders calculated on a fiscal-year basis. N.A. = Not available CURRENCY NOTE: All figures reported in Canadian currency were converted to U.S. dollars using the average annual exchange rate for the 12 months of a company's fiscal year. For fiscal years that correspond to calendar-year 2010, the following average annual rate was used: C$1=US$0.97. a) Frank Stronach received a consulting fee of $2.3 million that was not considered for this ranking. Magna, however, included the fee in its summary table as part of Stronach's compensation. b) Belinda Stronach left Magna on Dec. 31, 2010. "All other cash" category includes severance payments. c) Wolf left the co-CEO position and Magna on Nov. 15, 2010. d) Ketchum retired as Newell Rubbermaid's president and CEO and was replaced by Michael Polk in July 2011. e) Mark Burgess became Graham Packaging CEO on Jan. 1, 2009. On June 17, only 16 months after holding its long-awaited Graham agreed to be acquired by Reynolds Group Holdings Ltd., owned by New Zealand's Rank Group Ltd. in a deal valued at $4. f) Taylor became Tredegar CEO on Jan. 31, 2010. g) Stanage joined Hexcel on Nov. 9, 2009. h) Odaniell left the CEO position and Spartech on Sept. 8, 2010. "All other cash" category includes severance payments. i) Holt became Spartech CEO on Sept. 8, 2010. j) McIntyre joined Newell Rubbermaid on June 15, 2009. k) Figuereo joined Newell Rubbermaid on Dec. 7, 2009. l) Bullock joined Graham Packaging on May 5, 2009. m) Wetmore joined Griffon on Sept. 1, 2009. n) Boots left the CEO position and Berry Plastics on Oct. 4, 2010. o) Breunig joined Georgia Gulf on Aug. 10, 2010. p) Cote left the CEO position and ZCL Composites on Sept. 30, 2010. "All other cash" includes severance payments. q) Baudhuin's "option awards" exclude the value of performance-based options that Pregis granted in 2007 and repriced in 2010. r) Kvamme joined Pregis on Jan. 4, 2010. s) Knowles joined Myers Industries on June 19, 2009. t) Taylor left A. Schulman on Sept. 1, 2010. u) Beerman left Georgia Gulf on April 30, 2011. v) LaVanway's "option awards" exclude the value of performance-based options that Pregis granted in 2007 and repriced in 2010. w) Gregory Yull became Intertape Polymer CEO on June 8, 2010. x) Kaplan joined Griffon on May 17, 2010. y) Chappelle joined Solo Cup on Oct. 14, 2009. z) Pitz joined Intertape Polymer on Nov. 12, 2009. aa) Pasqualini left Solo Cup on Feb. 1, 2010. "All other cash" includes severance payments. bb) Beeler left Berry Plastics on Dec. 31, 2009. cc) Ploeger left Spartech on Feb. 8, 2010. "All other cash" includes severance payments. dd) Whiteman joined A. Schulman on June 15, 2009. ee) McDonnell left the CEO position and Pregis Holding on Feb. 23, 2011. ff) Pak's "option awards" exclude the value of performance-based options that Pregis Holding granted in 2007 and repriced in 2010. gg) Young joined Insituform Technologies on April 13, 2009. COMPENSATION CATEGORY DEFINITIONS: Revised Securities and Exchange Commission executive compensation disclosure rules for publicly held companies have redefined what U.S. firms report and how they report it. Canadian Securities Administrators, or CSA, has adopted similar disclosure rules for Canadian companies as of Dec. 31, 2008. This analysis compares U.S. and Canadian-based companies in a fairly consistent fashion. The following notes define key compensation elements in the analysis: SALARY: For U.S. and Canadian companies, this value represents the actual base salary paid. Salaries are not annualized for new hires. BONUS: For U.S. companies, this value typically represents discretionary bonuses not tied directly to performance, such as retention awards and signing bonuses. Performance-based bonus awards for U.S. firms appear in the NEIP column. For Canadian firms under new Canadian regulations, all discretionary and performance- appear in the NEIP column. STOCK AWARDS: For U.S. and Canadian-based companies, this value represents the grant-date fair value of new service- and performance-based stock and/or unit awards granted during the fiscal year. OPTION AWARDS: For U.S. and Canadian companies, this value represents the grant-date fair value of new service- and performance-based option and/or SAR (stock appreciation rights) awards granted during the fiscal year. For companies that did not disclose estimates for the value of option awards, a value was calculated using the widely accepted Black-Scholes methodology. NEIP PAYOUTS: For U.S. firms, this value represents performance-based bonus payouts from non-equity incentive plans. For companies under the new Canadian regulations, this value represents both performance-based and discretionary bonuses. ALL OTHER CASH COMPENSATION: For U.S. and Canadian companies, this value represents the sum of benefits and perquisites awarded during the last fiscal year. Although company contributions to retirement plans are included, the full value and/or the annual actuarial increase or decrease in retirement plans is not included. PERCENTAGE CHANGE FROM FISCAL 2009 IN CASH PAY could not be determined if an executive was not employed by a firm for the entire two most-recent fiscal years, or there was no 2009 compensation data. COMPANY'S THREE-YEAR TOTAL RETURN TO SHAREHOLDERS is not applicable for companies that report regularly to the SEC but are not publicly held and do not trade equity on a general stock exchange: Berry Plastics Corp., Pregis Holding II Corp., PlyGem Holdings Inc. and Solo Cup Co. Graham Packaging Co. Inc. became public when it held an IPO on Feb. 10, 2010, but is being acquired by privately held Reynolds Group Holdings Ltd., which is owned by Rank Group of New Zealand. Plastics News' executive ranking attempts to include only U.S. and Canadian companies that publicly trade equity or debt, and that generate roughly 50 percent or more of their annual revenues from the processing or compounding of plastics. Companies added to our executive pay ranking this year for the first time are Georgia Gulf Corp. and Griffon Corp. Equilar Inc., an executive compensation research firm located in Redwood City, Calif., supplied the data for Plastics News' executive ranking. Equilar offers a suite of Web-based tools for analyzing compensation and corporate governance trends. Equilar helps its clients make informed decisions on board-level compensation-related matters with independent research drawn directly from annual proxy filings. Equilar Inc. can be found online at www.equilar.com based bonuses |
