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.
| 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 Gr | $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 Trus | $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 Invest | $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, J | 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 Tr= | $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.
