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Friday, June 29, 2012 - Page updated at 09:01 PM

Special report: What local CEOs got paid in 2011

Top executives win raises
in spite of 'say on pay'

Northwest executives' pay rose 11 percent — but the movement giving shareholders a greater voice in setting executive pay is having an influence on corporate compensation. Read story →

Howard Schultz a triple-shot winner on Starbucks' robust results

For the third straight year, Howard Schultz is the highest-paid chief executive among Northwest public companies. Schultz earned $16 million in 2011, most of it in the form of stock and options.
Read story →

Interactive graphic:

CEO pay and performance

Compare how shareholders and CEOs fared at individual companies with our interactive chart. (Jump to chart)

Also:

Top stock options
Top bonuses
Top salary
Top female CEOs


Top
total pay

Here are the 20 CEOs of Pacific Northwest companies with the highest total compensation reported for fiscal year 2011.


CEO pay by the numbers

Stock and stock-option awards often are the biggest and most uncertain part of a CEO's pay. The grants often don't vest until years after they are awarded, so their true value hinges on the stock's future price. These don't count previous awards realized in 2011. Starbuck's CEO, for example, realized nearly $37 million in 2011 from exercising an October 2001 option on 1.43 million shares.

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Executive Company Equity pay
Steven Appleton Micron Technology $6,904,194
Mark Donegan Precision Castparts $6,721,320
Mark Parker Nike $6,416,160
John McAdam F5 Networks $6,406,726
Howard Schultz Starbucks $11,479,494
Source: Equilar analysis of company reports

Expeditors International CEO Peter Rose leads this year's list again because unlike many of the other Northwest CEOs, his bonus makes up almost all his pay. His $110,000 base salary hasn't changed since 1988.

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Executive Company Bonus
Peter Rose Expeditors International $6,695,888
Mark Pigott PACCAR $3,124,000
Howard Schultz Starbucks $2,982,000
Mark Parker Nike $2,735,569
Tamara Lundgren Schnitzer Steel $1,820,000
Source: Equilar analysis of company reports

Cash salary generally makes up only a fraction of CEOs' total pay. Tax rules limit the deductibility of CEO compensation to $1 million a year, but companies can take additional deductions for pay that is tied to company performance. Thus, Nike's Mark Parker's $1.5 million salary accounts for just 14 percent of his total pay.

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Executive Company Salary
Mark Parker Nike $1,535,557
Mark Donegan Precision Castparts $1,445,625
Mark Pigott PACCAR $1,417,308
Howard Schultz Starbucks $1,382,692
Dara Khosrowshahi Expedia $1,000,000
Source: Equilar analysis of company reports

Just four of the 120 Northwest companies included in the 2011 survey are headed by women. Schnitzer Steel Industries' Tamara Lundgren, who became CEO is fiscal 2009, leads this year's list again in total pay.

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Executive Company Total pay
Melanie J. Dressel Columbia Banking System $862,475
Patricia Moss* Cascade Bancorp $727,380
Tamara Lundgren Schnitzer Steel Industries $6,975,624
Colleen Brown Fisher Communications $1,638,016
*Moss was no longer CEO as of Jan. 1, 2012.

Note: Diane Irvine, who resigned as CEO of Blue Nile last November, received total compensation of almost $2 million. She is not included in the Equilar survey because she didn't serve the full year.


Source: Equilar analysis of company reports

Interactive: CEO pay and shareholder return

Sometimes CEOs get a pay increase even when shareholders lose money, or vice versa. This interactive chart shows the relationship between pay and performance at different Pacific Northwest companies by graphing the shareholder return (change in the stock's value, plus dividends) against the change in total CEO compensation. Look at changes after one or three years, at companies where the CEO was unchanged during that time.

How to use the interactive: Click on any circle to see the CEO's pay package in 2011 and how much it's changed since 2008. Use the filters at right to look up a specific company or highlight a sector. To de-select any item, click on white space.

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