Unlike some professional sports, the printing industry seemingly has no salary cap when it comes to paying its top executives. Printing Impressions' 14th annual executive compensation report shows this, while highlighting the industry's top money earners at publicly held printing companies. William Davis (who plans to retire), chairman, president and CEO of Chicago-based RR Donnelley, tops this year's list, taking home more than $1.4 million, which is actually down from his salary last year. 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
William L. Davis
CHICAGO—William L. Davis, chairman, president and CEO of RR Donnelley, has announced that he is leaving his post at Donnelley. Davis says he will remain with the company until a replacement is named. The board of directors is currently conducting a search for a successor, which is expected to take between four to six months. The pending retirement of Davis, 60, is somewhat surprising given that many within the industry had expected him to remain with the company until he turned 62. "When I joined RR Donnelley, my personal goal was to lead for a period of five to seven years and then
These are the executives that have rolled the dice and hit for the big money in commercial printing. Printing Impressions' 13th annual executive compensation report highlights the industry's top money earners at publicly held printing companies. Robert G. Burton, president and CEO of Bannockburn, IL-based Moore Corp., appears at the top of this year's ranking with total compensation of $3,300,000. This is the second straight year a Moore executive tops 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 Dennis Rediker,
These are the executives that have chipped their way to the top financial level. This feature, Printing Impressions' 12th annual executive compensation report, highlights the industry's top money earners at publicly held printing companies. W. Ed Tyler, former president and CEO of Moore Corp., appears at the top of this year's ranking with total compensation of $27,291,216. This total is bolstered by $26.5 million in "other compensation" paid out after Tyler left the company late last year. 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
CHICAGO—It seems R.R. Donnelley & Sons is hedging its earnings bets on the second half of 2001, and the Windy City printing giant also announced an additional round of layoffs and a plant closing. The second warning this year dropped the projected earnings per share from $1.95 to $2.10 down to $1.60 to $1.75. The initial estimate in January called for earnings of $2.20 to $2.35 per share. Donnelley management cited weaker than anticipated demand in the second half of the year and short-term pricing pressures as the primary factors. The ax is falling again in the Donnelley chain, but these cuts won't affect manufacturing assets.
CHICAGO—When you're one of the biggest print solution providers in the world, there's a certain amount of pressure involved in maintaining the status quo. In essence, companies need to change in order to just remain the same. R.R. Donnelley & Sons rattles more windows in Chicago than the House of Blues. Its sales for 2000 mirrored 1999's, a lusty $5 billion. At first blush, one could surmise that the company exhibited no growth, but it takes a high degree of activity just to maintain such a dizzying sales pace. The year 2000 was an active one for R.R. Donnelley, capped off by its being