Executive Compensation--Changing of the Guard

A new executive adorns the top of the list in the form of Marc P. Shore, chairman and CEO of New York-based Shorewood Packaging. He replaces David A. Brandon, former CEO, president and director at Livonia, MI-based Valassis Communications.
Shore received $1,893,000 in salary and bonus, plus $149,625 in other compensation for a total of $2,042,625. At 45, he is the second youngest executive on the list and was ranked sixth at $1,251,125 the previous year.
This survey is derived directly from the most recent proxy statements of publicly held U.S. and Canadian printing firms. Printing Impressions uses base salaries and listed cash bonuses to tabulate compensation levels. We do not include any stock options, which may or may not have been exercised. These options may increase earnings greatly.