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Processor of the Year

MOST-READ STORIES

North American suppliers report shortages of polyethylene and ABS March 12, 2010
A123 signs auto battery deal March 15, 2010
Superb vision brings Ohio molder success despite the recession March 12, 2010
IBM and Stanford tout catalysts for creating recyclable, biodegradable polymers March 11, 2010
Recycling plant to help AERT control costs March 11, 2010

MOST E-MAILED STORIES

North American suppliers report shortages of polyethylene and ABS March 12, 2010
Superb vision brings Ohio molder success despite the recession March 12, 2010
Danafilms doubling Ky. plant size, adding W&H extruder March 12, 2010
Forward thinkers: Skills take GW from automotive into medical March 16, 2010
Pallet maker Greystone forms recycling division March 11, 2010

Rankings & Lists

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Highest-Paid Plastics Industry Executives in North

Ranking based on total compensation of officials at publicly held companies
in the United States and Canada

Originally published September 7, 2009, in Plastics News. Some data may have been updated.

Rank	Executive/Title	Company/Business Type	2008 Total
1	William V. Hickey CEO & President	Sealed Air Corp. Packaging	$7,871,566
2	E.V. Goings Chairman & CEO	Tupperware Brands Corp. Consumer products	$7,246,586
3	Richard L. Wambold Chairman & CEO	Pactiv Corp. Packaging	$6,081,150
4	Donald J. Walker Co-CEO	Magna International Inc. Transportation	$5,858,820
5	Siegfried Wolf Co-CEO	Magna International Inc. Transportation	$5,745,720
6	Mark D. Ketchum CEO & President	Newell Rubbermaid Inc. Consumer products	$5,247,747
7	David E. Berges Chairman & CEO	Hexcel Corp. Transportation	$4,042,060
8	Belinda Stronach^a Vice Chairman	Magna International Inc. Transportation	$3,827,800
9	J. Joseph Burgess^b CEO & President	Insituform Technologies Inc. Construction	$3,822,030
10	Ronald W. Kaplan^c CEO & President	Trex Co. Inc. Recycling	$3,716,414

[ Next 10 ]

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 each company's fiscal year. For Canadian companies with a fiscal year corresponding to calendar-year 2008, the following average annual rate was used: C$1=US$0.9375.

a) Stronach rejoined Magna on May 1, 2007.
b) Burgess joined Insituform as CEO on April 14, 2008.
c) Kaplan joined Trex as CEO on Jan. 1, 2008
d) Gingo joined A. Schulman as CEO on Jan. 1, 2008.
e) Pfeiffer became AptarGroup CEO on Jan. 1, 2008.
f) Theisen became Bemis CEO on Jan. 31, 2008.
g) Haines left the A. Schulman CEO position Jan. 1, 2008, and left the company March 21, 2008.
h) Curler left the Bemis CEO position Jan. 31, 2008.
i) Odaniell joined Spartech as CEO on Jan. 2, 2008.
j) Roberts left Newell Rubbermaid on Jan. 1, 2009.
k) Pesci will leave Sealed Air in late 2009.
l) Hunt left Hexcel on April 1, 2009.
m) Rhodes left A. Schulman on April 11, 2008.
n) Wilson left PolyOne on Sept. 9, 2008. "All other cash compensation" includes severance payments.
o) Privately held Berry does not trade on a stock exchange.
p) Campbell left Pactiv on July 1, 2008.
q) Doyle joined Pactiv on Feb. 1, 2007.
r) Reese joined Trex on Feb. 5, 2008.
s) Cline joined Trex on March 18, 2008.
t) Martin left the interim CEO position at Spartech on Jan. 2, 2008.
u) D'Souza left the CEO position at Polyair Inter Pack on Oct. 2, 2008.
v) Fisher left Spartech on July 25, 2008.
w) Patterson joined PolyOne on May 12, 2008.
x) Constar stock was delisted from Nasdaq.
y) Privately held Solo Cup does not trade on a stock exchange.
z) Oehlke left the CEO position at Key Tronic on April 23, 2009, and will leave the company Dec. 31, 2009.
aa) Woods joined Insituform as CEO on Aug. 13, 2007, and left that position April 14, 2008.
bb) Yepez Reyna left Mega Brands in January 2009.
cc) Baudhuin joined Pregis on Dec. 11, 2007. Privately held Pregis does not trade on a stock exchange

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. Although this ranking is modeled after and reflects the new system, the companies that trade strictly on a Canadian stock exchange will have reported compensation under a mixture of new and old regulations. Despite those differences, this analysis compares U.S. and Canadian-based companies in a fairly consistent fashion. The following notes define key compensation elements in this 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 bonuses - discretionary and performance-based - appear in the NEIP column; under old Canadian regulations, all bonuses appear in the bonus 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. Canadian companies filing under old disclosure rules did not break out discretionary and performance-based bonuses into separate columns of the summary compensation table and disclosed these values in the bonus column.

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 2007 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 2007 compensation data.

Plastics News' executive ranking covers 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.

Equilar Inc., an executive compensation research firm located in Redwood City, Calif., supplied the data for Plastics News' ranking of executives of publicly held plastics processing companies. 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.

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