2004 Executive Compensation Report -- Top 100 in Total Compensation Top 100 in Total Cash | Behind the Numbers: How Survey Determines Rankings | Back to Main Page
2004 Rank Company Executive Title Total Compensation 2003 Rank 1 Coventry Health Care Inc. Dale B. Wolf CEO $32,274,307.00 Salary: $723,077 Bonus: $750,000 Other: $180,351 Potential Value of Options:* $30,620,879 28 2 Capital One Financial Corp. Richard D. Fairbank Chairman, President and CEO $29,502,047.00 Salary: 0 Bonus: 0 Other: $174,967 Potential Value of Options: $29,327,080 13 3 XM Satellite Radio Holdings Inc. Hugh Panero President and CEO $28,757,809.00 Salary: $476,854 Bonus: $575,850 Other: $5,668 Potential Value of Options: $27,699,437 141 4 XM Satellite Radio Holdings Inc. Gary Parsons Chairman $26,955,019.00 Salary: $309,711 Bonus: $418,800 Other: $3,168 Potential Value of Options: $26,223,340 133 5 MCI Inc. Michael D. Capellas President and CEO $25,182,500.00 Salary: $1,557,700 Bonus: $5,000,000 Other long-term: $18,000,000 Other: $624,800 Potential Value of Options: 0 95 6 Gannett Co. Douglas H. McCorkindale Chairman, President and CEO $20,669,885.00 Salary: $1,600,000 Bonus: $2,450,000 Other long-term: $1,610,053 Other: $177,392 Potential Value of Options: $14,832,440 5 7 Lockheed Martin Corp. Vance D. Coffman Chairman, Former CEO $19,034,951.00 Salary: $1,260,000 Bonus: $2,300,000 Other long-term: $3,173,373 Other: $681,964 Potential Value of Options: $11,619,614 6 8 Freddie Mac Richard F. Syron Chairman and CEO $15,621,157.00 Salary: $1,100,000 Bonus: $2,500,000 Other long-term: $4,826,707 Other: $452,015 Potential Value of Options: $6,742,435 - 9 Radio One Inc. Alfred C. Liggins III President and CEO $15,106,461.00 Salary: $525,000 Bonus: $620,000 Other: 0 Potential Value of Options: $13,961,461 - 10 Coventry Health Care Inc. Thomas P. McDonough President $13,763,578.00 Salary: $723,077 Bonus: $1,250,000 Other long-term: $2,434,500 Other: $169,737 Potential Value of Options: $9,186,264 27 11 General Dynamics Corp. Nicholas D. Chabraja Chairman and CEO $13,710,111.00 Salary: $1,250,000 Bonus: $2,700,000 Other long-term: $2,726,053 Other: $469,028 Potential Value of Options: $6,565,030 15 12 Coventry Health Care Inc. Allen E. Wise Chairman $13,052,799.00 Salary: $984,616 Bonus: $2,000,000 Other long-term: $9,688,000 Other: $380,183 Potential Value of Options: 0 8 13 MedImmune Inc. David M. Mott President and CEO $13,002,351.00 Salary: $941,667 Bonus: $1,000,000 Potential Value of Options: $11,060,684 9 14 Lockheed Martin Corp. Robert J. Stevens President and CEO $12,643,350.00 Salary: $1,071,442 Bonus: $2,300,000 Other long-term: $3,682,000 Other: $167,421 Potential Value of Options: $5,422,487 16 15 Allied Capital Corp. William L. Walton Chairman and CEO $12,582,227.00 Salary: $1,457,692 Bonus: $750,000 Other long-term: $2,949,976 Other: $134,413 Potential Value of Options: $7,290,146 113 16 Marriott International Inc. J. W. Marriott Jr. Chairman and CEO $11,968,625.00 Salary: $1,040,000 Bonus: $1,225,536 Other: $252,546 Potential Value of Options: $9,450,453 12 17 Marriott International Inc. Arne M. Sorenson CFO $10,945,217.00 Salary: $557,000 Bonus: $467,379 Other long-term: $2,380,000 Other: $215,367 Potential Value of Options: $7,325,471 53 18 Friedman, Billings, Ramsey Group Inc. Emanuel J. Friedman Former Co-Chairman and Co-CEO $10,730,360.00 Salary: $480,000 Bonus: $9,367,887 Other long-term: $882,473 Potential Value of Options: 0 23 18 Friedman, Billings, Ramsey Group Inc. Eric F. Billings Co-Chairman and Co-CEO $10,730,360.00 Salary: $480,000 Bonus: $9,367,887 Other long-term: $882,473 Potential Value of Options: 0 23 20 AvalonBay Communities Inc. Bryce Blair Chairman and CEO $9,852,188.00 Salary: $647,089 Bonus: $971,085 Other long-term: $1,662,362 Other: $148,000 Potential Value of Options: $6,422,932 44 21 Friedman, Billings, Ramsey Group Inc. J. Rock Tonkel Jr. Head of Investment Banking $9,684,680.00 Salary: $250,000 Bonus: $7,254,456 Other long-term: $1,995,544 Other: $184,680 Potential Value of Options: 0 - 22 Friedman, Billings, Ramsey Group Inc. Richard J. Hendrix President and COO $9,609,980.00 Salary: $250,000 Bonus: $6,633,348 Other long-term: $2,559,152 Other: $167,480 Potential Value of Options: 41 23 NII Holdings Inc. Steven M. Shindler CEO $9,575,052.00 Salary: $517,000 Bonus: $484,000 Other long-term: $3,794,000 Other: $8,000 Potential Value of Options: $4,772,052 335 24 Freddie Mac Eugene M. McQuade President and COO $9,274,065.00 Salary: $300,000 Bonus: $2,565,000 Other long-term: $6,253,875 Other: $155,190 Potential Value of Options: 0 - 25 Foundation Coal Holdings Inc. James F. Roberts CEO $8,702,431.00 Salary: $571,388 Bonus: $450,000 Other long-term: $1,190,919 Other: $1,371,843 Potential Value of Options: $5,118,281 - 26 Allied Capital Corp. Joan M. Sweeney COO $8,499,155.00 155 27 SLM Corp. Thomas J. Fitzpatrick President and CEO $8,416,700.00 4 28 Human Genome Sciences Inc. H. Thomas Watkins CEO $8,293,158.00 - 29 Mills Corp. Mark D. Ettenger President $7,968,602.00 - 30 Nextel Communications Inc. Timothy M. Donahue President and CEO $7,786,307.00 3 31 Nextel Communications Inc. Thomas N. Kelly Jr. COO $7,608,611.00 34 32 Nextel Communications Inc. Paul N. Saleh CFO $6,989,624.00 56 33 Cogent Communications Group Inc. Dave Schaeffer Chairman and CEO $6,828,078.00 - 34 American Capital Strategies Ltd. Malon Wilkus Chairman, President and CEO $6,575,253.00 42 35 NII Holdings Inc. Lo van Gemert President and COO $6,570,818.00 400 36 US Airways Group Inc. David N. Siegel Former CEO $6,391,297.00 19 37 Harman International Industries Inc. Sidney Harman Executive Chairman $6,318,386.00 57 38 Marriott International Inc. William J. Shaw President and COO $6,285,849.00 25 39 MeriStar Hospitality Corp. Paul W. Whetsell Chairman and CEO $6,213,796.00 276 40 Lockheed Martin Corp. Dain M. Hancock Executive Vice President, Aeronautics $6,108,023.00 49 41 Harman International Industries Inc. Bernard A. Girod CEO $5,984,343.00 61 42 Freddie Mac Patricia L. Cook Executive Vice President $5,983,569.00 - 43 Chevy Chase Bank FSB B. Francis Saul II Chairman and CEO $5,732,595.00 - 44 FTI Consulting Inc. Dennis J. Shaughnessy Chairman $5,677,513.00 - 45 Lockheed Martin Corp. Robert B. Coutts Executive Vice President $5,626,271.00 50 46 Harman International Industries Inc. Gregory P. Stapleton President and COO $5,505,177.00 66 47 CACI International Inc. J. P. London Chairman, President and CEO $5,449,189.00 68 48 United Therapeutics Corp. Roger Jeffs President and COO $5,431,001.00 118 49 USA Mobility Inc. C. Edward Baker Jr. Former CEO, Arch Wireless $5,277,290.00 - 50 Gannett Co. Gary L. Watson President, Newspaper Division $5,250,833.00 33 51 Mills Corp. Laurence C. Siegel Chairman and CEO $5,245,611.00 64 52 MCI Inc. Robert T. Blakely CFO $5,213,600.00 - 53 Manugistics Group Inc. Jeremy P. Coote Former President $5,146,071.00 51 54 W.R. Grace & Co. P.J. Norris Former Chairman and CEO $5,101,590.00 83 55 Lockheed Martin Corp. Michael F. Camardo Executive Vice President $5,024,517.00 - 56 AvalonBay Communities Inc. Timothy J. Naughton President $5,003,346.00 91 57 MCI Inc. Wayne E. Huyard President, U.S. Sales and Services $4,883,100.00 156 58 Allied Capital Corp. John M. Scheurer Managing Director $4,853,264.00 - 59 NII Holdings Inc. Byron R. Siliezar CFO $4,835,220.00 439 60 American Capital Strategies Ltd. Ira J. Wagner COO $4,814,198.00 60 60 American Capital Strategies Ltd. John R. Erickson CFO $4,814,198.00 60 62 Lockheed Martin Corp. Frank H. Menaker Senior Vice President $4,781,693.00 - 63 Lockheed Martin Corp. Albert E. Smith Former Vice President $4,775,695.00 47 64 Friedman, Billings, Ramsey Group Inc. Jonathan Billings Former Executive Vice President $4,768,563.00 - 65 Harman International Industries Inc. Frank Meredith CFO $4,716,212.00 71 66 Harman International Industries Inc. Erich A. Geiger Chief Technology Officer $4,654,935.00 75 67 AES Corp. Paul Hanrahan President and CEO $4,644,516.00 78 68 AvalonBay Communities Inc. Thomas J. Sargeant CFO $4,550,114.00 110 69 ManTech International Corp. Robert A. Coleman President and COO $4,474,186.00 - 70 Danaher Corp. H. Lawrence Culp Jr. President and CEO $4,291,883.00 - 71 Marriott International Inc. Joseph Ryan Executive Vice President $4,276,813.00 79 72 Micros Systems Inc. A. L. Giannopoulos Chairman, President and CEO $4,224,715.00 146 73 Broadwing Corp. David R. Huber Chairman and CEO $4,147,738.00 567 74 Marriott International Inc. James M. Sullivan Executive Vice President $4,075,319.00 52 75 Micros Systems Inc. Gary C. Kaufman CFO $4,056,687.00 245 76 Nextel Communications Inc. Barry J. West Chief Technology Officer $3,943,349.00 88 77 Freddie Mac Martin F. Baumann CFO $3,917,451.00 - 78 NII Holdings Inc. Jose Felipe President, Nextel Cono Sur $3,908,977.00 - 79 Corporate Executive Board Co. James J. McGonigle CEO $3,904,034.00 55 80 MedImmune Inc. James F. Young President, Research and Development $3,895,349.00 48 81 Micros Systems Inc. Thomas L. Patz General Counsel $3,877,014.00 268 82 SLM Corp. Albert L. Lord Chairman, Former CEO $3,795,500.00 2 83 USEC Inc. William H. Timbers Former President and CEO $3,771,960.00 120 84 MedImmune Inc. Wayne T. Hockmeyer Chairman $3,770,349.00 85 85 AvalonBay Communities Inc. Samuel B. Fuller Executive Vice President $3,613,496.00 127 86 Gannett Co. Craig A. Dubow President and CEO, Broadcasting Division $3,600,689.00 54 87 Danaher Corp. Daniel L. Comas Senior Vice President $3,582,822.00 - 88 Friedman, Billings, Ramsey Group Inc. Robert S. Smith Former Executive Vice President $3,556,919.00 90 89 Gannett Co. Paul Davidson President and CEO, Newsquest Media Group $3,526,641.00 67 90 MCI Inc. Anastasia D. Kelly General Counsel $3,486,000.00 - 91 XM Satellite Radio Holdings Inc. Joseph J. Euteneuer CFO $3,476,579.00 237 92 Federal Realty Investment Trust Donald C. Wood President and CEO $3,464,006.00 98 93 NII Holdings Inc. Robert J. Gilker General Counsel $3,419,040.00 439 94 NVR Inc. Dwight C. Schar Chairman, President and CEO $3,410,500.00 87 95 CACI International Inc. L. K. Johnson President of U.S. Operations $3,403,385.00 108 96 XM Satellite Radio Holdings Inc. Stephen Cook Executive Vice President, Sales $3,401,431.00 254 97 Foundation Coal Holdings Inc. Frank J. Wood CFO $3,396,332.00 - 98 XM Satellite Radio Holdings Inc. Stelios Patsiokas Executive Vice President $3,392,886.00 260 99 Intersections Inc. Michael R. Stanfield CEO $3,318,698.00 - 100 Mercantile Bankshares Corp. Edward J. Kelly III President and CEO $3,293,536.00 - * Value of options are projected based on 5 percent annual appreciation ** Broadwing did not report the value of restricted stock; estimate is based on closing price for Dec. 31, 2004
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