EXECUTIVE COMPENSATION – Show Them the Money

There appears to be no shortage of cash when it comes time to pay the printing industry’s top executives. This, Printing Impressions’ 11th annual executive compensation report, highlights the industry’s top money earners at publicly held printing companies.

W. Ed Tyler, president and CEO of Moore Corp., appears at the top of this year’s ranking with total compensation of $2,360,362. He replaces 1999’s top-paid executive, Shorewood Packaging’s Marc Shore, who does not appear this year following a merger with International Paper.

For those executives appearing on the 2000 ranking, the previous year’s salary and the percentage of change in compensation from this year to last are listed. While some executives, like Donald Belcher of Banta Corp., saw their total compensation go up several hundred thousand dollars, others, like Peter Redding of Standard Register, saw their annual salary decline.

This survey 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 and listed cash bonuses to establish compensation levels. We do not include any stock options, which may or may not have been exercised. Note that these options may increase earnings greatly.

1 W. ED TYLER, 47
President and CEO
Moore Corp., Bannockburn, IL
Salary + Bonus: $2,238,150
Other Compensation: $122,212
Total: $2,360,362
Previous Year Total: $1,125,000
Percentage Change: 109%

2 CHARLES G. CAVELL, 59
President and CEO
Quebecor World, Montreal
(C= Canadian $$)
Salary + Bonus: C$1,814,458
Other Compensation: C$71,943
Total: C$1,886,401
Previous Year Total: C$1,363,779
Percentage Change: 38%

3 WILLIAM L. DAVIS, 56
Chairman and CEO
R.R. Donnelley & Sons, Chicago
Salary + Bonus: $1,675,075
Other Compensation: $196,718
Total: $1,871,793
Previous Year Total: $1,870,293
Percentage Change: —:

4 JOHN A. BLANCHARD III, 57
President and CEO
Deluxe Corp., St. Paul, MN
Salary + Bonus: $1,360,000
Other Compensation: $159,266
Total: $1,519,266
Previous Year Total: $1,892,899
Percentage Change: -19%

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