Executive Compensation 2011

How do the region’s chief executives stack up when it comes to their pay? For an answer, Capital Business commissioned Equilar, an executive compensation research firm, to analyze the annual pay of CEOs at 100 of the area’s largest public companies.

Equilar examined the compensation totals for the chief executives serving as of the close of the companies’ most recent completed fiscal year ended on or after March 31, 2011, which means in some cases an executive may have since moved on. So consider this listing a snapshot in time.

Click on table headers to sort alphabetically by name or numerically by dollar amount, or use the search field to filter by keyword.

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Rank Executive Title Company Cash Total Other Total Total Compensation
1 David M. Zaslav President & CEO Discovery Communications $7,799,258 $44,604,861 $52,404,119
2 H. Lawrence Culp, Jr. President & CEO Danaher $5,867,778 $15,782,339 $21,650,117
3 Wesley G. Bush Chairman, president & CEO Northrop Grumman $5,498,751 $15,467,524 $20,966,275
4 Robert J. Stevens Chairman & CEO Lockheed Martin $10,925,000 $9,613,981 $20,538,981
5 Richard D. Fairbank Chairman, president & CEO Capital One Financial  $0 $18,663,450 $18,663,450
6 Jay L. Johnson Chairman & CEO General Dynamics $5,000,000 $11,058,080 $16,058,080
7 Malon Wilkus Chairman & CEO American Capital Agency $5,395,000 $7,751,334 $13,146,334
8 Allen F. Wise Chairman & CEO Coventry Health Care $3,000,000 $9,988,683 $12,988,683
9 Michael W. Laphen 1 Chairman, president & CEO Computer Sciences $2,421,692 $7,517,867 $9,939,559
10 W. Edward Walter President & CEO Host Hotels & Resorts $1,595,800 $8,325,109 $9,920,909
11 J. Willard Marriott, Jr. 2 Chairman & CEO Marriott International $3,595,454 $6,300,392 $9,895,846
12 David T. Blair CEO Catalyst Health Solutions $1,995,000 $7,417,557 $9,412,557
13 David F. Melcher 3 President & CEO Exelis $1,378,797 $7,392,935 $8,771,732
14 Alfred E. Festa Chairman & CEO WR Grace & Co $4,474,505 $4,245,490 $8,719,995
15 Thomas J. Baltimore, Jr. 4 President & CEO RLJ Lodging Trust $1,631,499 $7,057,338 $8,688,837
16 Mark W. DeYoung President & CEO Alliant Techsystems $3,101,643 $5,572,595 $8,674,238
17 A. L. Giannopoulos Chairman, president & CEO Micros Systems $6,207,200 $2,461,030 $8,668,230
18 H. Thomas Watkins President & CEO Human Genome Sciences $936,923 $6,119,400 $7,056,323
19 Andres R. Gluski 5 President & CEO AES $3,117,830 $3,798,435 $6,916,265
20 Peter D. Aquino Chairman, President & CEO Primus Telecommunications Group $1,352,000 $4,910,169 $6,262,169
21 Steven P. Dussek CEO NII Holdings $1,535,748 $4,491,353 $6,027,101
22 Donald C. Wood President & CEO Federal Realty Investment Trust $1,890,000 $4,053,285 $5,943,285
23 Walter P. Havenstei 6 CEO SAIC $1,710,000 $3,635,055 $5,345,055
24 Bryce Blair 7 Chairman & CEO AvalonBay Communities $2,139,470 $3,155,312 $5,294,782
25 Michael J. Williams 8 President & CEO Fannie Mae $5,258,500 $11,300 $5,269,800
26 Paul M. Cofoni President & CEO CACI International $2,967,965 $2,219,484 $5,187,449
27 Ronald J. Packard CEO K12 $832,789 $4,170,144 $5,002,933
28 Joseph M. Rigby Chairman, president & CEO Pepco Holdings $1,628,000 $3,022,655 $4,650,655
29 Stephen P. Joyce President & CEO Choice Hotels International $2,224,200 $2,027,318 $4,251,518
30 Lisa A. Hook President & CEO NeuStar $1,397,454 $2,539,412 $3,936,866
31 George F. McKenzie President & CEO Washington Real Estate Investment Trust<= /span> $993,048 $2,933,094 $3,926,142
32 Gary B. Smith President & CEO Ciena $838,342 $3,042,251 $3,880,593
33 Charles E. Haldeman, Jr. 9 CEO Freddie Mac $3,798,500 $72,915 $3,871,415
34 George J. Pedersen Chairman & CEO ManTech International $3,700,784 $151,947 $3,852,731
35 William E. Conway, Jr. **  Co-CEO Carlyle Group $3,820,850 $6,125 $3,826,975
36 David M. Rubenstein **  Co-CEO Carlyle Group $3,820,850 $6,125 $3,826,975
37 Michael R. Stanfield Chairman & CEO Intersections $420,000 $3,379,621 $3,799,621
38 Richard Rudman Chairman, president & CEO Vocus $889,738 $2,854,965 $3,744,703
39 Richard A. Montoni President & CEO Maximus $1,475,000 $2,177,493 $3,652,493
40 Gracia C. Martore 10 President & CEO Gannett $2,048,077 $1,562,805 $3,610,882
41 Ralph W. Shrader Chairman, president & CEO Booz Allen Hamilton $2,244,346 $1,281,914 $3,526,260
42 Henry H. Graham, Jr. CEO TNS $1,350,930 $2,099,109 $3,450,039
43 Andrew C. Florance President & CEO CoStar Group $1,525,122 $1,912,889 $3,438,011
44 Mark W. Brugger CEO DiamondRock Hospitality $1,298,587 $2,037,290 $3,335,877
45 Ronald D. Paul 11 Chairman, president & CEO Eagle Bancorp $1,944,627 $1,372,950 $3,317,577
46 William T. Kerr President & CEO Arbitron $2,120,000 $1,148,098 $3,268,098
47 Fuad El-Hibri 12 Chairman & CEO Emergent BioSolutions $1,347,779 $1,873,437 $3,221,216
48 Hossein Fateh President & CEO DuPont Fabros Technology $525,868 $2,678,427 $3,204,295
49 Kevin T. Parker Chairman, president & CEO Deltek $1,179,302 $2,009,287 $3,188,589
50 Michael J. Saylor Chairman, president & CEO MicroStrategy $1,585,000 $1,564,448 $3,149,448
51 John K. Welch President & CEO USEC $1,758,375 $1,350,753 $3,109,128
52 Randall M. Griffin 13 CEO Corporate Office Properties Trust= $645,000 $2,396,611 $3,041,611
53 Terry D. McCallister Chairman & CEO WGL Holdings $1,488,294 $1,547,670 $3,035,964
54 Mark S. Ordan CEO Sunrise Senior Living $2,600,000 $325,004 $2,925,004
55 Magid M. Abraham President & CEO comScore Inc $393,100 $2,477,077 $2,870,177
56 Michael D. Barnello President & CEO LaSalle Hotel Properties $1,246,250 $1,482,215 $2,728,465
57 Matthew M. O'Connell President & CEO GeoEye $953,137 $1,739,814 $2,692,951
58 Maurice B. Tose Chairman, president & CEO TeleCommunication Systems $1,310,342 $1,341,614 $2,651,956
59 Sudhakar Kesavan Chairman & CEO ICF International $1,382,702 $1,142,016 $2,524,718
60 Matthew J. Desch CEO Iridium Communications $1,253,529 $1,146,876 $2,400,405
61 Robert W. Musslewhite CEO Advisory Board $1,140,000 $1,221,750 $2,361,750
62 William P. Angrick, III Chairman & CEO Liquidity Services $1,138,588 $1,211,791 $2,350,379
63 Clay H. Kiefaber 14 President & CEO Colfax $1,290,309 $1,006,627 $2,296,936
64 Thomas L. Monahan III Chairman & CEO Corporate Executive Board $1,360,833 $860,896 $2,221,729
65 Tom P.H. Adams 15 President & CEO Rosetta Stone $482,348 $1,709,608 $2,191,956
66 John C. Burris CEO Sourcefire $873,500 $1,199,039 $2,072,539
67 Vincent D. Kelly President & CEO USA Mobility $1,323,602 $746,660 $2,070,262
68 Michael Tessler President & CEO BroadSoft $794,000 $1,219,840 $2,013,840
69 David W. Thompson Chairman, president & CEO Orbital Sciences $1,267,000 $635,392 $1,902,392
70 Martine Rothblatt Chairman & CEO United Therapeutics $1,736,445 $15,175 $1,751,620
71 David Schaeffer Chairman, president & CEO Cogent Communications Group $326,219 $1,368,439 $1,694,658
72 Kent B. Guichard Chairman, president & CEO American Woodmark $685,000 $978,719 $1,663,719
73 Ronald W. Kaplan Chairman, president & CEO Trex $598,173 $1,062,118 $1,660,291
74 Jon E. Bortz Chairman, president & CEO Pebblebrook Hotel Trust $945,000 $697,700 $1,642,700
75 Alfred C. Liggins, III President & CEO Radio One $1,427,735 $120,754 $1,548,489
76 Douglas J. Donatelli Chairman & CEO First Potomac Realty Trust $625,000 $826,227 $1,451,227
77 Phillip G. Norton Chairman, president & CEO ePlus $810,000 $542,000 $1,352,000
78 Roberta Lipson President & CEO Chindex International $586,491 $727,676 $1,314,167
79 Steven A. Museles 16 Co-CEO CapitalSource $1,300,000 $9,030 $1,309,030
80 James J. Pieczynski 17 Co-CEO CapitalSource $1,300,000 $1,080 $1,301,080
81 Christopher Clemente Chairman & CEO Comstock Homebuilding $748,000 $524,000 $1,272,000
82 Joseph L. Cowan President & CEO Online Resources $510,597 $732,999 $1,243,596
83 Bernard H. Clineburg Chairman & CEO Cardinal Financial  $1,000,000 $161,624 $1,161,624
84 Marc A. Cohen Chairman & CEO OPNET Technologies $924,702 $122,214 $1,046,916
85 Maurice A. Gauthier President, COO & CEO VSE $669,510 $254,338 $923,848
86 Leonard E. Moodispaw Chairman, president & CEO KEYW  $412,502 $491,879 $904,381
87 Richard J. Hendrix President & CEO FBR $750,000 $142,125 $892,125
88 Daniel J. Schrider President & CEO Sandy Spring Bancorp $637,743 $237,021 $874,764
89 Paul C. Saville President & CEO NVR $800,000 $7,850 $807,850
90 Nicholas R. Schacht 18 President & CEO Learning Tree International $567,940 $120,621 $688,561
91 Peter A. Converse President & CEO Virginia Commerce Bancorp $581,420 $100,791 $682,211
92 Robert S. Silberman Chairman & CEO Strayer Education $665,000 $9,800 $674,800
93 Charles K. Narang Chairman & CEO NCI $587,063 $26,103 $613,166
94 Scott N. Greenberg CEO GP Strategies Group $552,000 $18,098 $570,098
95 Anthony L. Otten CEO Versar $475,893 $34,085 $509,978
96 Donald E. Graham Chairman & CEO The Washington Post $400,000 $12,740 $412,740
97 Rainer H. Bosselmann Chairman, president & CEO Argan $325,000 $50,200 $375,200
98 Thomas P. Rosato 19 Chairman & CEO Fortress International Group $255,053 $668 $255,721
99 B. Francis Saul, II Chairman & CEO Saul Centers $150,000 $67,439 $217,439
100 Liang Zhang Chairman & CEO Synutra International $183,027 $0 $183,027
101 Kenneth G. Langone 20 Chairman, president & CEO Geeknet $0 $50,000 $50,000

SOURCE: Equilar, an executive compensation research firm.

Notes about the data

Footnotes

1. Laphen left the CEO position on March 19, 2012.

2. Marriott left the CEO position on March 31, 2012.

3. Melcher became CEO on Oct. 31, 2011.

4. Baltimore became CEO in January 2011.

5. Gluski became CEO on Sept. 30, 2011.

6. Havenstein left the CEO position on Feb. 29, 2012.

7. Blair left the CEO position on Jan. 1, 2012.

8. Williams left the CEO position on June 18, 2012.

9. Haldeman will leave the CEO position on June 30, 2012, forfeiting half his fixed and performance-based compensation, or $1,449,250.

10. Martore became CEO on Oct. 6, 2011.

11. Paul’s bonus was intended to compensate him for back pay that had been capped when the bank had been a participant in the government’s Troubled Asset Relief Program.

12. El-Hibri left the CEO position on April 1, 2012.

13. Griffin left the CEO position on March 31, 2012.

14. Kiefaber left the CEO position on April 22, 2012.

15. Adams left the CEO position on Feb. 22, 2012.

16. Museles left the co-CEO position on Dec. 31, 2011. Other pay excludes $1,300,000 in severance.

17. Pieczynski became the sole CEO on Jan. 1, 2012.

18. Schacht left the CEO position on Jan. 17, 2012.

19. Rosato left the CEO position on Jan. 3, 2012.

20. Langone receives no pay as CEO. The amount listed represents his compensation for his role as a member of the board of directors.

Methodology

To examine chief executive pay at nearly 100 of the largest public companies in the District of Columbia, Northern Virginia and Maryland region, Capital Business asked Equilar, an executive compensation data firm, to analyze pay data from corporate filings.

Equilar compiled total annual compensation figures for the chief executives serving as of the close of the most recent completed fiscal year ended on or after March 31, 2011. For each chief executive studied, total annual compensation includes base salary, cash bonus payouts, the grant-date value of stock and option awards, and other compensation. Other compensation typically includes benefits and perquisites.

At some companies, the leadership may have changed since our cutoff point, but we chose to report the compensation of the executive in place at the time to provide our best possible apples-to-apples comparison.

Similarly, some companies have announced deals to go private, change names or be bought since the close of their fiscal year. We opted to include them, noting their current status.

For each company, all components of compensation were collected directly from the Summary Compensation Table of the proxy statement.

Grant-date values for equity awards represent the estimated value of new service-based and performance-based stock and option awards. Although companies disclose these values, there is no guarantee that an executive will actually realize the amounts shown. An executive may earn more or less, depending on stock price movements and the achievement of vesting requirements or performance goals.

Furthermore, Equilar’s analysis reports equity awards in the fiscal year they were granted. Sometimes these awards are paid out over several years and have conditions attached, which could affect how much an executive ultimately collects. Also, in some cases, companies grant equity awards at the beginning of each fiscal year based on performance in the prior fiscal year. As a result, equity awards granted in a fiscal year should not necessarily be viewed as indicative of corporate performance in the same year.

Finally, we shared the results of our survey with companies before publication so they could respond to any inaccuracies.