Executive Compensation -- What's in Their Wallets?
If you have ever wanted to take a peek into the pockets of some of the top executives in the printing industry, here is your chance. Printing Impressions' 16th annual executive compensation report highlights the industry's top money earners at publicly held printing companies.
Mark Angelson, CEO of Chicago-based RR Donnelley, again ranks first in annual salary for this list, earning more than $4 million. This is the third consecutive year that a RR Donnelley exec has topped our list.
The rankings indicate previous fiscal year salaries, most recent fiscal year wages and the percentage change in compensation from the two fiscal years that are shown.
While some executives, like Arthur Hershaft of Paxar Corp. and Lawrence Mosner of Deluxe Corp., enjoyed income gains of more than 100 percent, others, like Courier's James Conway and Bruce Thomas of Cadmus Communications, saw their annual salaries decline.
Interestingly, Marshall Reynolds, chairman and CEO of Champion Industries in Huntington, WV, (who is not included on this report) claims an annual salary of just $1.
This information is derived directly from the most recent proxy statements of publicly held U.S. and Canadian (where available) printing firms. Printing Impressions used base salaries, bonuses and other annual compensation to establish pay levels.
We do not include any stock options, which may or may not have been exercised, or LTIP payouts. Note that this long-term compensation might increase total yearly earnings greatly.
1) MARK A. ANGELSON, 53
CEO
RR Donnelley, Chicago
Salary + Bonus: $3,833,333
Other Compensation: $289,892
Total: $4,123,225
Previous Year Total: $3,057,271
Percentage Change: 35%
2) LAWRENCE J. MOSNER, 63
Former Chairman and CEO
Deluxe Corp., Shoreview, MN
Salary + Bonus: $2,228,125
Other Compensation: $61,149
Total: $2,289,274
Previous Year Total: $1,096,051
Percentage Change: 109%
3) PIERRE KARL PELADEAU
President and CEO
Quebecor World, Montreal
(converted to U.S.$$)
Salary + Bonus: $2,220,150
Other Compensation: $22,500
Total: $2,242,650
Previous Year Total: $2,229,830
Percentage Change: —
4) STEPHANIE A. STREETER, 47
Chairman, President and CEO
Banta Corp., Menasha, WI
Salary + Bonus: $1,533,541
Other Compensation: $4,100
Total: $1,537,641
Previous Year Total: $1,034,629
Percentage Change: 49%
5) ALAN F. SCHULTZ, 46
CEO, President and Director
Valassis Communications, Livonia, MI
Salary + Bonus: $1,444,000
Other Compensation: $114,555
Total: $1,458,555
Previous Year Total: $1,299,816
Percentage Change: 12%
6) ARTHUR HERSHAFT, 67
Chairman and CEO
Paxar Corp., White Plains, NY
Salary + Bonus: $1,419,000
Other Compensation: —
Total: $1,419,000
Previous Year Total: $551,050
Percentage Change: 158%
7) TIMOTHY C. TUFF, 57
Chairman, President and CEO
John H. Harland Co., Atlanta
Salary + Bonus: $1,115,920
Other Compensation: $108,611
Total: $1,224,531
Previous Year Total: $1,204,259
Percentage Change: 2%
8) KEITH S. WALTERS, 55
Chairman, President and CEO
Ennis Inc., Midlothian, TX
Salary + Bonus: $1,139,769
Other Compensation: —
Total: $1,139,769
Previous Year Total: $1,006,786
Percentage Change: 13%
9) REMI MARCOUX
Executive Chairman
GTC Transcontinental Group, Montreal
Salary + Bonus: $796,913
Other Compensation: —
Total: $796,913
Previous Year Total: $756,123
Percentage Change: 5%
(*converted to U.S.$)
10) DENNIS L. REDIKER, 61
President and CEO
Standard Register, Dayton, OH
Salary + Bonus: $700,000
Other Compensation: $6,150
Total: $706,150
Previous Year Total: $703,500
Percentage Change: —
11) JAMES F. CONWAY III, 52
Chairman, President and CEO
Courier Corp., North Chelmsford, MA
Salary + Bonus: $587,500
Other Compensation: $109,654
Total: $697,154
Previous Year Total: $795,567
Percentage Change: -12%
12) PHILIP E. KUCERA, 63
CEO
Bowne & Co., New York City
Salary + Bonus: $645,535
Other Compensation: $31,148
Total: $676,683
Previous Year Total: —
Percentage Change: —
13) JOE R. DAVIS, 62
Chairman and CEO
Consolidated Graphics, Houston
Salary + Bonus: $650,000
Other Compensation: —
Total: $650,000
Previous Year Total: $400,000
Percentage Change: 63%
14) PAUL V. REILLY, 52
Former President and CEO
Cenveo Inc., Englewood, CO
Salary + Bonus: $641,192
Other Compensation: —
Total: $641,192
Previous Year Total: $618,077
Percentage Change: 4%
15) CLIFF O. BICKELL
President, Printed Products Division
Scientific Games, Alpharetta, GA
Salary + Bonus: $609,379
Other Compensation: $7,173
Total: $616,552
Previous Year Total: $456,810
Percentage Change: 35%
16) MARSHALL SOROKWASZ, 61
Chairman, President, CEO and Treasurer
TST/Impreso Inc., Coppell, TX
Salary + Bonus: $434,441
Other Compensation: $175,071
Total: $609,512
Previous Year Total: $658,982
Percentage Change: -8%
17) BRUCE V. THOMAS, 49
President and CEO
Cadmus Communications, Richmond, VA
Salary + Bonus: $553,846
Other Compensation: $4,018
Total: $557,864
Previous Year Total: $676,445
Percentage Change: -18%
