Millionaire CIOs enjoy club memberships, car allowances and the company plane, among other fringe benefits. Here’s a breakdown of who got what goodies, as reported in the latest proxy statements to the Securities and Exchange Commission-in order of total compensation.
Jeff FoxGroup President, Shared Services
Alltel
Total Compensation: $9,054,918
Perk Value: $85,803
The Perks: Club dues and executive physical: $6,007* Personal use of Alltel plane: $79,796
Notes: *Each amounted to less than $25,000 or less than 10% of total perquisites so they don’t need to be reported individually, according to SEC rules.
Bob WillettCIO, CEO Best Buy International
Best Buy
Total compensation: $8,592,830
Perk value: $14,358
The Perks: Immigration-related payments (Willett is from the UK) and airline club privileges: $4,354 Life and disability insurance: $4,727 Retirement/savings contribution: $5,277
Jean DavisRetired Sr. EVP E-Commerce and Operations
Wachovia
Total compensation: $7,296,889
Perk value: $1,380,776
The Perks: Financial planning: $15,000 Life insurance: $70,734 Retirement/savings contribution: $11,310 Termination-related payments*: $1,283,600
Notes: * Includes payout negotiated in employment agreement, plus health benefits and accrued vacation time
Larry KittelbergerSVP Technology and Operations
Honeywell International
Total compensation: $6,401,052
Perk value: $177,784
The Perks: Extra liability insurance: $1,200 Life insurance: $76,063 Perquisite allowance: $50,000 Retirement/savings contribution: $47,575 Tax reimbursements for spouse flying on Honeywell plane at Honeywell’s request: $2,946
Joe AntonellisVice chairman, former CIO
State Street
Total compensation: $6,334,483
Perk value: $48,874
The Perks: Health screening: $2,500 Personal liability insurance: 41,250 Parking: $5,047 Retirement/savings plan: $20,077
Props: Antonellis gave away his $20,000 fee for serving on the board of a State Street joint venture to charity.
Glen SalowEVP Technology and Operations
Ameriprise Financial
Total compensation: $6,018,346
Perk value: $114,265
The Perks: Dividends on unvested restricted stock: $16,951 Retirement/savings contribution: $39,598 Perquisite allowance: $25,000 Tax reimbursement: $9,881 Also, use of the company plane for a guest and use of a Minneapolis apartment and parking spot that amounted to less than $25,000 or less than 10% of total perquisites, so don’t have to be reported individually, according to SEC rules.
Tim ShackEVP, CIO
PNC Financial
Total compensation: $5,942,093
Perk value: $54,440
The Perks: Insurance: $19,373 Perquisite allowance: $16,867 Retirement/savings contribution: $18,200
Roy DunbarPresident Global Technology and Operations
MasterCard
Total compensation: $5,216,498
Perk value: $110,049
The Perks: Perquisite allowance: $47,960 Retirement/savings contribution: $46,558 Tax reimbursement related to moving to O’Fallon, Mo., home of company’s tech center: $15,531
Bob DeRodesEVP, CIO
Home Depot
Total compensation: $5,179,182
Perk value: $253,255
The Perks: Life insurance: $96,810 Retirement/savings contribution: $35,135 Tax reimbursement: $118,513
Harvey DeMovick Jr.
EVP Customer Service Operations, CIO
Coventry Health Care
Total compensation: $4,670,942
Perk value: $242,921
The Perks: 401(k) contribution: $154,539 Car allowance: $12,000 Disability insurance: $10,710 Personal use of Coventry plane: $35,826 Other transportation-related expenses: $19,946 Retirement/savings contribution: $9,900
Gregor Bailar
Former EVP, CIO
Capital One Financial
Total compensation: $4,522,618
Perk value: $127,805
The Perks: Car allowance: $10,876 Dividends on unvested restricted stock: $8,584 Financial planning: $12,000 Home security and driver: $809 Life insurance: $4,202 Retirement/savings contribution: $91,334
Bill Chenovich
Vice chairman technology and operations services
US Bancorp
Total compensation: $4,368,359
Perk value: $28,562
The Perks: 401(k) contribution: $8,800 Executive physical: $7,256 Financial planning: $8,072 Health benefit rebate: $259 Home security system: $1,295 Parking: $2,880
Dave Kepler
SVP Shared Services, Head of Environment, Health & Safety, CIO
Dow Chemical
Total compensation: $4,289,395
Perk value: $21,484
The Perks: Financial planning: $9,511 Life insurance: $956 Personal liability insurance: $1,025 Retirement/savings contribution: $8,800 Other benefits, such as home security system or market value of car lease: $1,192
Guy Battista
Former EVP, CIO
First Data Corp.
Total compensation: $4,063,472
Perk value: $85,154
The Perks: Club dues: $3,600 Financial planning: $1,052 Life insurance: $1,838 Retirement/savings contribution: $77,442 Tax reimbursement: $1,221
Roy Wilson
Former EVP Human Resources & IT
Allergan
Total compensation: $3,606,081
Perk value: $569,818
The Perks: Car and gas allowance: $8,966 Executive physical: $1,380 Financial planning: $14,890 Severance and accrued vacation: $507,273 Tax reimbursement: $721 Wilson also received an unspecified bonus before he left in October 2006.
Rick Dalzell
SVP, CIO
Amazon.com
Total compensation: $3,469,834
Perk value: $0
The Perks Dalzell did not receive perquisites amounting to more than $25,000. Under SEC rules, Amazon is not required to supply details.
Dick LeFave
CIO
Sprint/Nextel
Total compensation: $3,194,915
Perk value: $42,246
The Perks: 401(k) contribution: $31,385 Relocation expenses: $10,085 Tax reimbursement: $776
Joe Smialowski
EVP Operations & Technology
Freddie Mac
Total compensation: $2,819,511
Perk value: $70,078
The Perks: 401(k) contribution: $7,167 Perquisite allowance: $13,144 Retirement/savings contribution: $49,767
Linda Goodspeed
EVP, Chief Supply Chain, Logistics & Technology Officer
Lennox International
Total compensation: $2,527,751
Perk value: $139,353
The Perks: Car allowance: $16,020 Club dues: $13,572 Executive physical: $2,489 Financial planning: $10,000 Home cooling system: $6,455 Life insurance: $2,412 Profit sharing contribution: $88,405
Tim Theriault
President Worldwide Operations & Technology
Northern Trust
Total compensation: $2,348,828
Perk value: $34,544
The Perks: Financial planning: $9,000 Retirement/savings contribution: $25,544
Bruce Goodman
SVP, Chief Service & Information Officer
Humana
Total compensation: $2,197,128
Perk value: $165,743
The Perks: Club dues: $1,176 Financial planning: $12,470 Personal use of Humana plane: $30,529 Retirement/savings contribution: $101,632 Other, such as life insurance, executive physical, wellness incentives and Internet usage: $3,286
Props: Charitable contributions of $16,650
Gary King
EVP, CIO
Chico’s FAS
Total compensation: $2,009,464
Perk value: $30,390
The Perks: Includes unspecified 401(k) contribution, life insurance and wellness program expenses.
David Johns
SVP, Chief Supply Chain & IT Officer
Owens Corning
Total compensation: $1,970,021
Perk value: $39,838
Includes: Retirement/savings contribution: $11,000 Unspecified use of Owens Corning’s plane, financial planning, club dues, personal liability insurance: $28,838
Anna Ewing
EVP Operations & Technology, CIO
Nasdaq Stock Market
Total compensation: $1,939,828
Perk value: $42,000
The Perks: Unspecified financial planning services, 401(k) contribution and executive physical Tax reimbursement: $14,944
Mahvash Yazdi
SVP, CIO
Edison International
Total compensation: $1,878,848
Perk value: $62,511
The Perks: 401(k) contribution: $31,913 Car allowance: $12,000 Club dues: $3,075 Financial planning: $10,315 Tax reimbursement: $4,955
Rick Chapman
EVP, Chief Administrative & Information Officer
Kindred Healthcare
Total compensation: $1,739,398
Perk value: $8,607
The Perks: 401(k) contribution: $3,219 Life insurance: $1,656 Retirement/savings contribution: $1,850 Transportation-related benefits: $1,882
Randy Darcy
EVP Worldwide Operations & Technology, CTO
General Mills
Total compensation: $1,629,300
Perk value: $146,872
The Perks: Airfare, food and activities for spouse at business functions: $9,457 Car allowance: $14,341 Extra medical insurance: $30,487 Financial planning: $455 Retirement/savings contribution: $92,132
Karen Austin
EVP, CIO
Sears Holdings
Total compensation: $1,557,136
Perk value: $12,582
The Perks: 401(k) contribution: $8,800 Relocation expenses: $3,782
John Sullivan
SVP Systems & Service, CIO
Liz Claiborne
Total compensation: $1,499,176
Perk value: $43,028
The Perks: Clothing allowance: $1,773 Financial planning: $12,800 Life insurance: $6,330 Profit sharing: $3,300 Retirement/savings contribution: $18,825
Michael Maslowski
SVP, CIO
CenturyTel
Total compensation: $1,369,340
Perk value: $201,346
The Perks: Dividends on restricted stock: $8,400 Executive physical: $3,378 Insurance: $74,352 Perquisite allowance: $27,950 Retirement/savings contribution: $36,971 Tax reimbursement: $50,295
Michael Kohlsdorf
Former SVP Enterprise Services & IT
Ikon Office Solutions
Total compensation: $1,327,151
Perk value: $9,000
The Perks: Retirement/savings contribution: $7,100 Other perquisites amounting to less than $25,000. The SEC does not require Ikon to report specifics.
Philip Haan
EVP International, Alliances & IT
Northwest Airlines
Total compensation: $1,305,553
Perk value: $177,639
The Perks: 401(k) contribution: $26,400 Cash payment: $35,315 Life insurance: $37,000 Perquisite allowance: $35,757 Tax reimbursement: $43,167
Gregory Tranter
VP, CIO
Hanover Insurance Group
Total compensation: $1,394,731
Perk value: $34,538
The Perks: 401(k) contribution: $17,600 Life insurance: $907 Retirement/savings contribution: $16,031
Bob Best
EVP, COO, CIO
Unum Group
Total compensation: $1,284,818
Perk value: $49,326
The Perks: 401(k) contribution: $8,219 Club dues: $6,149 Financial planning: $6,500 Life insurance: $78 Spouse/guest travel to company functions: $11,755 Tax reimbursement: $15,375 Matching gifts valued at $1,250
Richard Connell
SVP, CIO
Selective Insurance Group
Total compensation: $1,268,134
Perk value: $17,755
The Perks: 401(k) contribution: $9,750 Retirement/savings contribution: $7,330 Tax preparation: $675
Larry Thomas
VP, CIO
Landstar System
Total compensation: $1,251,925
Perk value: $8,630
The Perks: 401(k) contribution: $8,000 Life insurance: $630
Bruce Marcus
EVP, CIO
McGraw-Hill
Total compensation: $1,239,883
Perk value: $61,297
The Perks: Includes unspecified 401(k) and profit sharing contributions.
Bobby Spaid
Former SVP, CIO
Beckman Coulter
Total compensation: $1,100,079
Perk value: $32,995
The Perks: 401(k) contribution: $7,700 Financial planning: $11,750 Insurance: $2,362 Retirement/savings contribution: $6,551 Tax reimbursement: $2,000
Trent Taylor
EVP, CIO
Walgreen
Total compensation: $1,044,325
Perk value: $201,063
The Perks: Cash award: $114,275 Life insurance: $3,004 Interest on deferred compensation: $4,088 Profit sharing contribution: $79,695
