Executive Compensation--The Power of Profits
With 1999 in sight, the top movers and shakers at the helm of most major publicly held printing companies continue to rank prominently on Printing Impressions' ninth annual executive compensation report, which features 20 of the industry's highest paid executives.
Topping the list for the second consecutive year is one of the Top 20's youngsters, 45-year-old David A. Brandon, president, CEO and director of Valassis Communications in Livonia, MI.
Brandon's salary and bonus is $2,012,024, plus other compensation of $3,512,568—which places him at the top of the list with a total of $5,524,592 in annual pay for services rendered.
Brandon's previous year total compensation in the same post at Valassis Communications was a reported $2,012,024. He wasn't featured on our list in 1996.
In fact, in 1996, the youngest executive on the list was John W. Castro, then 47, president and CEO of Merrill Corp., St. Paul, MN. At 49, Castro, still president and CEO at Merrill, remains high on the list, with a total compensation package worth $1,184,824.
Representing North America's largest printer, R.R. Donnelley & Sons, is William L. Davis, chairman and CEO, with a total salary reported at $5,062,105.
This survey is derived directly from the most recent proxy statements of publicly held U.S. 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. Obviously, these options may increase earnings greatly.
1. David A. Brandon, 45
CEO, President and Director
Valassis Communications, Livonia, MI
Salary + Bonus: $2,012,024
Other Compensation: $3,512,568
Total: $5,524,592
Previous Year Total: $2,012,024
Percentage Change: 174.58%
2. William L. Davis, 54
Chairman and CEO
R.R. Donnelley & Sons, Chicago
Salary + Bonus: $1,012,384
Other Compensation: $4,049,721
Total: $5,062,105
Previous Year Total: —
Percentage Change: —
3. Robert G. Burton, 59
Chairman, President and CEO
World Color Press, Greenwich, CT
Salary + Bonus: $2,275,583
Other compensation: —
Total: $2,275,583
Previous Year Total: $1,832,500
Percentage Change: 24.18%
4. Robert M. Johnson, 52
Chairman and CEO
Bowne & Co., New York
Salary + Bonus: $990,000
Other Compensation: $559,078
Total: $1,549,078
Previous Year Total: $990,057
Percentage Change: 56.46%
5. John A. Blanchard III, 55
Chairman, President and CEO
Deluxe Corp., St. Paul, MN
Salary + Bonus: $1,238,550
Other Compensation: $67,745
Total: $1,306,295
Previous Year Total: $1,156,946
Percentage Change: 12.91%
6. Marc p. Shore, 44
Chairman, CEO and President
Shorewood Packaging, New York
Salary + Bonus: $1,102,000
Other Compensation: $149,125
Total: $1,251,125
Previous Year Total: $1,420,905
Percentage Change: -11.95%
7. John W. Castro, 49
President and CEO
Merrill Corp., St. Paul, MN
Salary + Bonus: $1,140,000
Other Compensation: $44,824
Total: $1,184,824
Previous Year Total: $1,006,583
Percentage Change: 13.25%
8. R. Theodore Ammon, 47
Chairman and former CEO
Big Flower, New York
Salary + Bonus: $1,086,397
Other Compensation: —
Total: $1,086,397
Previous Year Total: $459,594
Percentage Change: 136.38%
9. Gerald F. Mahoney, 54
Chairman and CEO
Mail-Well Inc., Englewood, CO
Salary + Bonus: $840,000
Other Compensation: —
Total: $840,000
Previous Year Total: $394,638
Percentage Change: 112.85%
10. Morris Weissman, 56
Chairman and CEO
American Banknote, New York
Salary + Bonus: $775,000
Other Compensation: $25,401
Total: $800,401
Previous Year Total: $1,986,488
Percentage Change: -59.71%
11. Robert C. Nevin, 56
President, Business Systems Division
Reynolds and Reynolds, Dayton, OH
Salary + Bonus: $589,448
Other Compensation: $36,977
Total: $626,425
Previous Year Total: $626,425
Percentage Change: —
12. Robert J. Cronin, 53
Chairman and CEO
Wallace, Lisle, IL
Salary + Bonus: $513,942
Other Compensation: $104,359
Total: $618,301
Previous Year Total: 666,874
Percentage Change: -7.28%
13. Robert J. Murray, 57
Chairman, President and CEO
New England Business Service, Groton, MA
Salary + Bonus: $554,879
Other Compensation: $18,360
Total: $573,239
Previous Year Total: $662,288
Percentage Change: -13.45%
14. C. Stephenson Gillispie Jr., 56
Chairman, President and CEO
Cadmus Communications, Richmond, VA
Salary + Bonus: $531,200
Other Compensation: $16,160
Total: $547,360
Previous Year Total: $322,000
Percentage Change: 69.99%
15. Robert J. Amman *
Former President and CEO
John H. Harland Co., Atlanta
Salary + Bonus: $523,845
Other Compensation: $19,940
Total: $543,785
Previous Year Total: $507,498
Percentage Change: 7.15%
16. Arthur Hershaft, 60
President and CEO
Paxar Corp., White Plains, NY
Salary + Bonus: $517,585
Other Compensation: —
Total: $517,585
Previous Year Total: $1,110,535
Percentage Change: 53.39%
17. Donald D. Belcher, 59
Chairman, President and CEO
Banta Corp., Menasha, WI
Salary + Bonus: $419,000
Other Compensation: $3,200
Total: $422,200
Previous Year Total: $403,904
Percentage Change: 4.53%
18. Joe R. Davis, 55
Chairman, President and CEO
Consolidated Graphics, Houston
Salary + Bonus: $228,000
Other Compensation: —
Total: $228,000
Previous Year Total: $228,000
Percentage Change: —
19. Kenneth A. McCrady, 67
Chairman
Ennis Business Forms, Ennis, TX
Salary + Bonus: $162,019
Other Compensation: $12,871
Total: $174,890
Previous Year Total: $192,767
Percentage Change: -9.28%
20. David L. Erdmann, 55
Former Chairman and CEO
Outlook Group , Neenah, WI
Salary + Bonus: $137,500
Other Compensation: —
Total: $137,500
Previous Year Total: $204,170
Percentage Change: -32.65%
* Robert J. Amman resigned as chairman, president and CEO of the John H. Harland Co., on Jan. 13, 1998. On Oct. 13, 1998, company named Timothy C. Tuff president and CEO of the Atlanta-based firm. Tuff was also elected to the company's board of directors
Also, Harland's Robert R. Woodson retired as chairman of the company.
