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Director Compensation Analysis: In May, Executive Compensation Trends explores recent trends in non-employee director compensation at Fortune 500 companies. Using new information from Proxy Season 2007, our analysis examines Board-level compensation and pay packages for Audit and Compensation Committee members.
Newsletter Subscription Notice: Beginning with next month's issue, access to premium content in Equilar's Executive Compensation Trends newsletter will be available to Equilar database subscribers through a password protected website. If you are not an Equilar database subscriber and wish to learn more about Equilar's subscription plans, please send an email to info@equilar.com or call (877) 441-6090.
Research Questions: Please feel free to contact our Research Team at (877) 441-6090 or info@equilar.com, if you have any questions or comments, or if you would like to learn about our Custom Research Services. |
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2006 Fortune 500 Director Pay Trends |
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Non-Employee Director Pay Up 10.0 Percent to $165,000 |
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In April, we published a detailed analysis of year-over-year CEO compensation trends at companies in the S&P 500 index. We now turn our attention to non-employee director compensation at Fortune 500 companies. In our analysis, we found director pay increased by 10.0 percent from 2005 to 2006, reaching a median of $165,000. This advance was largely driven by a 7.7 percent increase in median annual equity awards over the same period.
[Read Full Article +]
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Equilar will appear at several conferences in June. To learn more, click on the links below to view registration and event details. For a complete list of future Equilar events, please visit the Presentations section of our website.
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Executive Compensation Conference
Hosted by The Conference Board
June 6, 2007
New York, New York
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Changes in Director Compensation
Hosted by Directorship
June 27, 2007
Malibu, California
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Equilar's research appeared in numerous articles in May. To learn more, click on the links below, or for a complete list of articles featuring Equilar research, please visit the News & Publications section of our website.
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New era of full disclosure? May 28, 2007
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"It makes the whole calculation of bonuses less of a black box for investors,' says Alexander Cwirko-Godycki, senior analyst at Equilar, an executive compensation research firm in San Mateo, Calif. 'Companies aren't just listing the performance measures they're using, but explaining how they chose them."
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CEO-CFO pay gap grows May 28, 2007
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"Data prepared by Crain’s Detroit Business’ sister publication, Financial Week by Equilar Inc., an executive pay benchmarking company based in San Mateo, Calif., shows that median total compensation for CFOs at S&P 500 companies rose substantially after Sarbanes-Oxley was passed but declined in the last two years."
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Supplier CEO's top payday list May 28, 2007
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"This year's compensation list is based on data from Equilar Inc., an executive compensation research firm in San Mateo, Calif. Equilar analyzed proxy statements and other filings for publicly traded suppliers, dealership groups and automakers."
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Investors Get Voice on Pay At Verizon May 19, 2007
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"Ivan G. Seidenberg, Verizon’s chief executive, received a pay package worth $20 million last year, an 11 percent increase over 2005, according to Equilar Inc., a compensation research firm in San Mateo, Calif."
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Proxies shed light on CEO stashes May 19, 2007
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"A full 85 percent of SP 500 CEOs have some balance in their deferred plans. The national median last year was more than $3.7 million, according to a recent survey by Equilar Inc., a San Mateo, Calif.-based compensation analytics company."
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SEC Scrutiny of Stock Plans Could Spell Trouble for GCs May 16, 2007
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"In January 2004, Mark Webbink, then-general counsel for software maker Red Hat Inc., entered into a plan designed to put his stock trades on autopilot. Broadcom Corp.'s general counsel, David Dull, made a similar move the following year -- as have executives at more than 35 percent of S&P 500 companies, according to a 2006 study by Equilar."
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State cautious on estimating tax revenue May 15, 2007
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"And a Mercury News analysis in April indicated that employees at 10 of Silicon Valley's largest companies were sitting on an estimated $7 billion in stock option profits. That's even as nearly 700 executives at Silicon Valley's 150 biggest companies pocketed nearly $1.5 billion in gains last year, according to Equilar, an executive compensation research firm in San Mateo."
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A Seller’s Market (PDF) May 15, 2007
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"If you look at the entire package, Equilar Inc., a compensation research firm in San Mateo, Calif., puts the median CFO pay package in 2006 at $5,676,163, 9.9% higher than in 2005."
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What's in CEOs' wallets? May 15, 2007
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"A snapshot of CEO pay at companies based in Chicago or with significant presences here shows pay-for-performance is the latest hot topic, but the pay that follows the performance is still amazing. The data were compiled by Equilar, a San Mateo, Calif., research firm that specializes in executive compensation[.]"
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The Elite Circle of $1 CEOs May 10, 2007
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"Seven CEOs in the Standard & Poor's 500-stock index were paid $1 or less in 2006, along with eight smaller companies, according to executive compensation research firm Equilar."
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Pay climbs for auto execs May 6, 2007
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"Executive pay in the auto industry was in line with pay at other public companies, according to data compiled by Equilar Inc., a California-based firm that specializes in executive compensation analysis. Looking at just the CEOs, usually the highest-paid executives, Equilar found a median CEO compensation for the auto industry of $7.1 million in 2006, compared to a median CEO pay of $8.5 million for public companies in the Standard & Poor's 500 index."
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Overhaul means more details on pay May 6, 2007
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"In general, the SEC is trying to improve transparency and shed more light on a lot of the things that might have been called stealth wealth in the past,' said Alexander Cwirko-Godycki, a senior analyst with Equilar Inc., a San Mateo, Calif.-based firm that specializes in analyzing data on executive compensation."
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An Outside Job: External CEO Hires Paid More May 1, 2007
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"According to compensation research firm Equilar, external CEO hires received median total direct compensation of roughly $8.9 million in 2005—a 13.2 percent premium over the median pay for CEOs in place for at least two years."
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| Members of the press who are interested in obtaining Equilar research for their stories should feel free to contact Equilar at press@equilar.com. |
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To cite Equilar research in your story, blog, presentation, or newsletter:
- Please refer to Equilar as "Equilar, Inc., an executive compensation research firm" with a hyperlink to our homepage at http://www.equilar.com/.
- To cite an entire article, please refer to individual articles for further instructions.
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Contact
Equilar
To contact Equilar by phone,
please call (877) 441-6090.
To contact
Equilar by e-mail, please write to:
General: info@equilar.com
Press: press@equilar.com |
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2007 Client Alert:
CD&A Overview
To assist clients in developing a better understanding of CD&A disclosure, this report provides an examples-based overview of key CD&A focus areas.
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MaterialInsight
Equilar's New Online 8-K Database
Recently, Equilar released MaterialInsight, the newest addition to the company’s award-winning suite of executive and board compensation solutions.
MaterialInsight provides access to compensation and corporate governance data drawn directly from 8-K filings. To learn more, please click on the following link:
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Careers at Equilar
Equilar is looking for strong
candidates to fill key positions across all departments. To learn more about opportunities at Equilar, please visit our
careers page by clicking on the link below:
Equilar Careers Page |
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Newsletter
Feedback
As part of Equilar's
ongoing effort to improve the quality of our products and
services, we would like to encourage our readers to provide
feedback on this newsletter. Please click on the link below to
participate in our survey. Thank you for your
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Newsletter Feedback
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CONTACT EQUILAR
Tell us what you think! The Equilar newsletter team would love to hear your suggestions and ideas about research that you would like to see in our newsletter. For article suggestions, questions, or general comments, please e-mail Alexander Cwirko-Godycki at acg@equilar.com. For inquiries about our on-line database products or custom research services, please call (877) 441-6090 or e-mail info@equilar.com. Please also visit our Web site at http://www.equilar.com/ for more information. We look forward to assisting you with your compensation analysis needs.
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DISCLAIMER
The information and analysis in this e-mail and attachments are intended to be for informational purposes only. The analysis is based on information taken from publicly filed documents and we do not represent to its accuracy. Equilar, Inc. assumes no liability for the use or interpretation of information contained herein. This publication is provided "as is" without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement of third party rights.
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