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%
5 TIMOTHY C. TUFF, 52
President and CEO
John H. Harland Co., Atlanta
Salary + Bonus: $1,017,692
Other Compensation: $137,659
Total: $1,155,351
Previous Year Total: $570,673
Percentage Change: 102%
6 ALAN F. SCHULTZ, 41
CEO, President and Director
Valassis Communications,
Livonia, MI
Salary + Bonus: $1,100,000
Other Compensation: $14,192
Total: $1,114,192
Previous Year Total: $898,008
Percentage Change: 24%
7 GERALD F. MAHONEY, 56
Chairman and CEO
Mail-Well Inc., Englewood, CO
Salary + Bonus: $963,400
Other Compensation: —
Total: $963,400
Previous Year Total: $834,300
Percentage Change: 15%
8 DONALD D. BELCHER, 61
Chairman, President and CEO
Banta Corp., Menasha, WI
Salary + Bonus: $903,000
Other Compensation: $3,200
Total: $906,200
Previous Year Total: $564,716
Percentage Change: 60%
9 ROBERT M. JOHNSON, 54
Chairman and CEO
Bowne & Co., New York
Salary + Bonus: $678,338
Other Compensation: $151,875
Total: $830,213
Previous Year Total: $873,663
Percentage Change: -4%
10 JAMES F. CONWAY III, 47
Chairman, President and CEO
Courier Corp., N. Chelmsford, MA
Salary + Bonus: $520,000
Other Compensation : $160,235
Total: $680,235
Previous Year Total: $591,299
Percentage Change: 15%
11 ARTHUR HERSHAFT, 62
Chairman and CEO
Paxar Corp., White Plains, NY
Salary + Bonus: $676,667
Other Compensation: —
Total: $676,667
Previous Year Total: $407,692
Percentage Change: 65%
12 PETER S. REDDING, 60
President and CEO
Standard Register, Dayton, OH
Salary + Bonus: $653,120
Other Compensation: —
Total: $653,120
Previous Year Total: $1,408,941
Percentage Change: -53%
13 ROBERT J. MURRAY, 59
Chairman, President and CEO
New England Business Service,
Groton, MA
Salary + Bonus: $613,988
Other Compensation: $22,679
Total: $636,667
Previous Year Total: $672,199
Percentage Change: -5%
14 KEITH S. WALTERS, 50
Chairman, President and CEO
Ennis Business Forms, DeSoto, TX
Salary + Bonus: $553,746
Other Compensation: —
Total: $553,746
Previous Year Total: $368,211
Percentage Change: 50%
15 MICHAEL O. DUFFIELD
President and Acting CEO/COO
Wallace Computer Services, Lisle, IL
Salary + Bonus: $482,500
Other Compensation: $64,139
Total: $546,639
Previous Year Total: $558,371
Percentage Change: -2%
16 SERGE DE PAOLI
President, Mfg. Div.
CCL Label, Etobicoke, Ontario
(C= Canadian $$)
Salary + Bonus: C$494,575
Other Compensation: C$2,092
Total: C$496,667
Previous Year Total: C$302,500
Percentage Change: 64%
17 DONALD SINKIN, 52
Chairman, President and CEO
Disc Graphics, Hauppauge, NY
Salary + Bonus: $405,160
Other Compensation: $26,090
Total: $431,250
Previous Year Total: $440,700
Percentage Change: -2%
18 C. STEPHENSON GILLISPIE JR., 58
Former Chairman, President and CEO
Cadmus Communications,
Richmond, VA
Salary + Bonus: $400,000
Other Compensation: $13,149
Total: $413,149
Previous Year Total: $415,002
Percentage Change: —
19 JOSEPH J. BAKSHA, 48
President and COO
Outlook Group, Neenah, WI
Salary + Bonus: $316,107
Other Compensation: $3,655
Total: $319,762
Previous Year Total: $234,759
Percentage Change: 36%
20 JOE R. DAVIS, 57
Chairman and CEO
Consolidated Graphics, Houston
Salary + Bonus: $232,000
Other Compensation: —
Total: $232,000
Previous Year Total: $228,000
Percentage Change: 1%