Nonbank Financial Services CEOs
Published May 06, 2004, 10:08 a.m. EDT
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Updated January 02, 1970, 9:08 a.m. EST
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Nonbank Financial Services CEOs
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| Published May 6, 2004 | ||||||||||||||
| Salary | Bonus | Total cash compensation | Restricted stock awards1 | Long-term incentive payouts | Long-term performance plan2 | Number of stock options | Option value3 | Total compensation4 | Value realized upon exercise of options | Value of unexercised option holdings5 | Value of stock owned | Total equity value6 | ||
| M.R. Greenberg | American International Group | $1,000,000 | $6,500,000 | $7,500,000 | 0 | 0 | 0 | 750,000 | $17,247,500 | $24,747,500 | $7,006,067 | $46,933,941 | $2,888,388,481 | $2,935,322,422 |
| Daniel P. Amos | AFLAC | 995,000 | 2,170,593 | 3,165,593 | 0 | 0 | 0 | 988,692 | 11,414,100 | 14,579,693 | 15,887,753 | 76,976,434 | 268,501,512 | 345,477,946 |
| Robert H. Benmosche | MetLife | 1,100,000 | 3,400,000 | 4,500,000 | 0 | 2,888,162 | 3,813,800 | 450,000 | 4,994,400 | 13,308,200 | 0 | 6,394,572 | 3,213,667 | 9,608,239 |
| Edward M. Liddy | Allstate | 1,078,746 | 3,883,488 | 4,962,234 | 1,997,600 | 4,806,935 | 1,372,800 | 272,000 | 2,604,100 | 10,936,734 | 44,513 | 34,019,500 | 15,319,680 | 49,339,180 |
| Jay S. Fishman | St. Paul Travelers | 1,000,000 | 2,000,000 | 3,000,000 | 676,000 | 0 | 0 | 600,000 | 5,177,800 | 8,853,800 | 0 | 5,226,000 | 7,123,321 | 12,349,321 |
| Brian Duperreault | ACE Ltd. | 1,030,000 | 4,000,000 | 5,030,000 | 1,661,600 | 0 | 0 | 185,000 | 1,832,500 | 8,524,100 | 19,040,852 | 21,360,671 | 32,771,877 | 54,132,548 |
| Ramani Ayer | Hartford Financial Services | 1,100,000 | 2,200,000 | 3,300,000 | 0 | 0 | 2,751,800 | 171,465 | 2,366,700 | 8,418,500 | 0 | 27,607,695 | 14,009,059 | 41,616,754 |
| Michael S. McGavick | SAFECO | 1,000,000 | 1,850,000 | 2,850,000 | 592,100 | 602,521 | 603,600 | 420,800 | 3,939,400 | 7,985,100 | 0 | 8,127,211 | 2,356,628 | 10,483,839 |
| Michael I. Roth | MONY Group | 950,000 | 1,425,000 | 2,375,000 | 962,899 | 1,693,334 | 2,723,857 | 100,000 | 935,427 | 6,997,182 | 0 | 1,205,440 | 2,188,861 | 3,394,301 |
| Frederick H. Eppinger | Allmerica Financial | 856,731 | 400,000 | 1,256,731 | 0 | 0 | 0 | 300,000 | 4,606,600 | 5,863,331 | 0 | 2,847,000 | 525,521 | 3,372,521 |
| Thomas R. Watjen | UNUMProvident | 862,500 | 896,000 | 1,758,500 | 684,500 | 0 | 0 | 600,000 | 2,938,600 | 5,381,600 | 0 | 321,482 | 7,508,144 | 7,829,626 |
| David A. Stonecipher | Jefferson-Pilot | 1,134,658 | 2,250,000 | 3,384,658 | 0 | 717,605 | 0 | 250,000 | 1,933,900 | 5,318,558 | 7,405,060 | 38,746,007 | 12,633,326 | 51,379,333 |
| John D. Finnegan | Chubb | 1,200,000 | 2,265,000 | 3,465,000 | 1,375,800 | 0 | 0 | 0 | 0 | 4,840,800 | 0 | 3,720,405 | 3,315,925 | 7,036,330 |
| Carl H. Lindner | American Financial Group | 990,000 | 425,000 | 1,415,000 | 0 | 0 | 0 | 0 | 0 | 1,415,000 | 0 | 0 | 257,428,387 | 257,428,387 |
| Average | $1,021,260 | $2,404,649 | $3,425,908 | $567,893 | $764,897 | $804,704 | 363,426 | $4,285,073 | $9,083,578 | $3,527,446 | $19,534,740 | $251,091,742 | $270,626,482 | |
| Broker-dealers | ||||||||||||||
| James E. Cayne | Bear Stearns | $200,000 | $11,009,432 | $11,209,432 | $9,955,959 | 0 | 0 | 256,143 | $7,062,200 | $28,227,591 | 0 | $5,978,973 | $536,732,572 | $542,711,545 |
| E. Stanley O'Neal | Merrill Lynch | 500,000 | 13,500,000 | 14,000,000 | 9,915,300 | 0 | 0 | 137,221 | 3,560,600 | 27,475,900 | 0 | 37,214,702 | 25,916,262 | 63,130,964 |
| Richard S. Fuld Jr. | Lehman Brothers | 750,000 | 6,650,000 | 7,400,000 | 7,643,600 | 0 | 0 | 400,000 | 7,172,300 | 22,215,900 | 37,539,600 | 65,874,714 | 341,528,462 | 407,403,176 |
| Henry M. Paulson Jr. | Goldman Sachs | 600,000 | 0 | 600,000 | 18,941,900 | 0 | 0 | 0 | 0 | 19,541,900 | 0 | 4,540,918 | 385,481,511 | 390,022,429 |
| Philip J. Purcell | Morgan Stanley | 775,000 | 7,112,500 | 7,887,500 | 3,881,700 | 0 | 0 | 165,360 | 3,941,900 | 15,711,100 | 11,200,039 | 38,717,371 | 188,360,079 | 227,077,450 |
| Mitchell H. Caplan | E-Trade Financial | 705,385 | 3,750,000 | 4,455,385 | 2,877,718 | 0 | 0 | 1,312,500 | 7,568,179 | 14,901,282 | 0 | 20,021,342 | 19,863,726 | 39,885,068 |
| David S. Pottruck | Charles Schwab | 983,333 | 0 | 983,333 | 2,146,800 | 0 | $1,203,000 | 1,417,100 | 6,889,400 | 11,222,533 | 0 | 51,250,426 | 75,434,096 | 126,684,522 |
| Average | $644,817 | $6,003,133 | $6,647,950 | $7,908,997 | $0 | $171,857 | 526,903 | $5,170,654 | $19,899,458 | $6,962,806 | $31,942,635 | $224,759,530 | $256,702,165 | |
| Others (includes non-ceo executives) | ||||||||||||||
| Kenneth I. Chenault | American Express | $1,000,000 | $3,500,000 | $4,500,000 | $834,300 | $2,484,000 | $1,271,300 | 486,000 | $6,512,600 | $13,118,200 | $3,430,704 | $39,955,253 | $65,960,506 | $105,915,759 |
| J. Christopher Donahue | Federated Investors | 920,000 | 1,000,000 | 1,920,000 | 0 | 0 | 0 | 0 | 0 | 1,920,000 | 0 | 2,445,969 | 287,289,391 | 289,735,360 |
| Mark B. Whiston | Janus Capital Group | 600,000 | 3,390,250 | 3,990,250 | 0 | 0 | 0 | 32,255 | 286,100 | 4,276,350 | 0 | 65,155 | 9,387,767 | 9,452,922 |
| Sanford I. Weill | Citigroup | 1,000,000 | 29,000,000 | 30,000,000 | 0 | 0 | 0 | 1,500,000 | 13,711,200 | 43,711,200 | 23,389,157 | 35,709,817 | 814,160,886 | 849,870,703 |
| Charles R. Schwab | Charles Schwab | 900,000 | 0 | 900,000 | 0 | 0 | 0 | 0 | 0 | 900,000 | 0 | 26,322,439 | 3,002,447,335 | 3,028,769,774 |
| Averages | $884,000 | $7,378,050 | $8,262,050 | $166,860 | $496,800 | $254,260 | 403,651 | $4,101,980 | $12,785,150 | $5,363,972 | $20,899,727 | $835,849,177 | $856,748,904 | |
1Expected value calculated at grant date and discounted for risk of forfeiture.
2Expected value calculated at grant date and discounted for risk of forfeiture, expected inflation.
3Expected value calculated using Black-Scholes methodology, discounted for risk of forfeiture.
4Sum of salary, bonus, and expected value of restricted stock, performance plans, and stock options.
5Potential value of exercisable and unexercisable options at fiscal yearend.
6Sum of the value of stock directly owned and the potential value of unexercised options at fiscal yearend.
Source: Executive Compensation Resources
© 2004 American Banker