General Counsel Compensation Ranked by 2009 Total Cash
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GC6 • GC Mid-Atlantic TUESDAY, SEPTEMBER 14, 2010 September 2010 General Counsel Compensation Ranked by 2009 Total Cash GC Salary + Bonus + Non-Equity Total Stock Option Change in All Other Total ank R Company Incentive Plan Cash 2009 Awards Awards Pension Compensation Comp. = Value 1 Carol Ann Petren $565,000 $0 $1,880,000 $2,445,000 $1,500,009 $263,261 $59,360 $7,482 $4,275,112 CIGNA Corp. 2 Jon D. Walton $428,000 $0 $1,636,267 $2,064,267 $1,530,152 $0 $203,648 $152,658 $3,950,725 Allegheny Technologies Inc. 3 Arthur R. Block $846,036 $0 $799,696 $1,645,732 $2,452,295 $1,388,789 $650,077 $14,700 $6,151,593 Comcast Corp. 4 Burton H. Snyder $485,000 $0 $486,484 $971,484 $330,692 $357,469 $454,397 $38,142 $2,152,184 Hershey Co. 5 Gerald J. Pappert $551,300 $0 $402,400 $953,700 $841,050 $896,017 $0 $41,849 $2,732,616 Cephalon Inc. 6 Nancy M. Snyder (1) $458,450 $415,200 $0 $873,650 $1,168,757 $276,250 $0 $68,768 $2,387,424 Penn Virginia Corp. 7 P. Jerome Richey $414,258 $0 $420,000 $834,258 $322,031 $143,840 $206,778 $38,739 $1,545,646 Consol Energy Inc. 8 David M. Feinberg $400,000 $90,000 $265,500 $755,500 $680,649 $257,122 $95,769 $10,071 $1,799,111 Allegheny Energy Inc. 9 Laurence G. Miller $372,500 $58,110 $317,370 $747,980 $176,588 $314,603 $7,091 $77,091 $1,323,353 Teleflex Inc. 10 Robert H. Knauss $340,146 $0 $329,841 $669,987 $858,451 $203,000 $455,185 $13,594 $2,200,217 Amerigas Partners 11 Caroline B. Manogue $423,404 $0 $235,950 $659,354 $215,204 $648,965 $0 $80,560 $1,604,083 Endo Pharmaceuticals 12 Brian J. Sisko $340,000 $50,000 $245,840 $635,840 $71,231 $60,483 $4,691 $42,763 $815,008 Safeguard Scientifics Inc. 13 John G. Chou $310,160 $0 $298,615 $608,775 $85,868 $174,200 $3,318 $34,759 $906,920 Amerisourcebergen 14 Brad A. Molotsky $335,636 $54,400 $217,600 $607,636 $156,893 $4,546 $0 $25,004 $794,079 Brandywine Realty Trust 15 N. Jeffrey Klauder $259,615 $325,000 $0 $584,615 $0 $434,400 $0 $9,558 $1,028,573 SEI Investments Co. 16 J.D. Nickel $321,625 $0 $234,800 $556,425 $110,332 $147,092 $14,999 $24,089 $852,937 Armstrong World Industries 17 Jordan B. Savitch $433,447 $0 $121,474 $554,921 $95,450 $640,199 $0 $26,796 $1,317,336 Penn National Gaming Inc. 17 Joshua Gindin $396,768 $0 $148,939 $545,707 $0 $0 $0 $32,695 $578,402 NCO Group Inc. 19 James J. Bowes $325,000 $500 $219,245 $544,745 $326,631 $198,032 $0 $54,060 $1,123,468 Liberty Property 20 Gerald R. Schrader $224,616 $300,000 $0 $524,616 $96,000 $0 $0 $0 $620,616 Atlas Pipeline Partners 21 Jennifer Evans Stacey $330,897 $0 $185,000 $515,897 $312,000 $444,972 $0 $4,558 $1,277,427 Auxilium Pharmaceuticals Inc. 22 James D. Garraux $451,260 $0 $60,000 $511,260 $80,067 $440,003 $736,632 $47,432 $2,615,395 United States Steel Corp. 23 Glen A. Bodzy $300,000 $40,000 $150,000 $490,000 $0 $0 $0 $8,905 $498,905 Urban Outfitters 24 Steven R. Lacy $326,160 $109,044 $40,956 $476,160 $228,320 $98,000 $27,120 $44,513 $847,113 Koppers Holding Inc. 25 John B. Wright II $234,000 $240,000 $0 $474,000 $102,180 $1,583 $0 $8,196 $585,959 Triumph Group 26 D. Jeffrey Benoliel $280,000 $0 $183,362 $463,362 $29,286 $30,019 $182,000 $22,841 $727,508 Quaker Chemical Corp. 27 John R. Gailey III $316,706 $0 $145,274 $461,980 $128,360 $90,350 $140,947 $35,113 $856,777 West Pharmaceutical Services Inc. 28 John Donlevie $337,355 $97,500 $0 $434,855 $110,122 $18,123 $0 $34,400 $597,500 Entercom Communications Corp. 29 Stephen L. Kibblehouse $350,000 $10,000 $50,000 $410,000 $73,902 $0 $0 $26,747 $510,649 PMA Capital Corp. 30 John Limongelli $347,138 $0 $55,234 $402,372 $80,400 $163,600 $0 $7,350 $653,722 Adolor Corp. (1) Snyder is listed as chief legal counsel under three separate SEC filings: Penn Virginia Corp., Penn Virginia GP Holdings and Penn Virginia Resource. Amounts reported reflect her combined compensation from all three companies. September 2010 TUESDAY, SEPTEMBER 14, 2010 GC Mid-Atlantic • GC7 General Counsel Compensation Ranked by 2009 Total Cash GC Salary + Bonus + Non-Equity Total Stock Option Change in All Other Total ank R Company Incentive Plan Cash 2009 Awards Awards Pension Compensation Comp. = Value 31 James D. Dee $270,000 $104,250 $13,500 $387,750 $129,140 $103,074 $0 $10,778 $630,742 C&D Technologies 32 Mark E. Kimmel $383,000 $0 $0 $383,000 $251,500 $0 $5,713 $22,437 $662,650 Harsco Corp. 33 H. James McKnight $294,185 $0 $86,200 $380,385 $0 $0 $0 $21,951 $402,336 Michael Baker Corp. 34 Roy H. Stahl $280,000 $0 $99,098 $379,098 $187,425 (1) $0 $237,700 $70,809 $875,033 Aqua America Inc. 35 Jack E. Jerrett $260,000 $0 $107,000 $367,000 $40,112 $28,234 $0 $4,000 $439,346 OraSure Technologies Inc. 36 William G. Kiesling $300,500 $0 $0 $300,500 $65,438 $53,900 $0 $15,267 $435,105 CSS Industries Inc. 37 Robert F. Schultz $211,333 $75,000 $0 $286,333 $0 $63,400 $195,616 $26,743 $572,092 Ampco-Pittsburgh Corp. 38 Laurence Welheimer $215,000 $0 $49,088 $264,088 $40,800 $0 $0 $13,750 $318,638 Tasty Baking Co. 39 Michael S. Yecies $210,000 $50,000 $0 $260,000 $24,990 $9,803 $0 $45,053 $339,849 Resource America Inc. 40 Brian D. Short (2) $236,844 $0 $17,584 $254,428 $12,354 $11,289 $0 $0 $278,071 CDI Corp. 41 Chad Whalen $232,000 $0 $0 $232,000 $91,863 $48,030 $1,484 $8,250 $381,627 RTI International Metals Inc. 42 Richard DePiano Jr. $191,407 $0 $0 $191,407 $0 $16,592 $0 $9,600 $217,599 Escalon Medical Corp. 43 Harry R. Swift $190,000 $0 $0 $190,000 $2,525 $9,287 $318,036 $7,408 $527,256 Codorus Valley Bancorp Inc. 44 Paul A. McGrath $189,208 $0 $0 $189,208 $0 $51,250 $1,661 $6,880 $248,999 Universal Stainless & Alloy Products Inc. 45 Ali Alavi $160,000 $0 $9,600 $169,600 $94,017 $0 $0 $27,083 $290,700 Horsehead Holding Corp. 46 Sara M. Antol (3) $163,420 $0 $0 $163,420 $0 $88,641 $0 $206,302 $458,363 Tollgrade Communications 47 Dennis M. Sheedy (4) $145,187 $0 $0 $145,187 $115,877 $37,294 $0 $487,000 $785,358 Calgon Carbon Corp (1) Reflects stock and options combined. (3) Left the company Nov. 5, 2009. (2) Hired March 2009. (4) Left the company Sept. 2, 2009. $511,000. That is compared to the counsel and came to somewhat of a — chief legal officers continue to be GC Compensation nearly $1.3 million he earned in total more sobering conclusion, finding that handsomely paid, and this will continue. continued from GC5 cash in 2008. the pause in compensation hikes that But for now, the days of gravity-defying change in pension value and any other began in 2008 con- raises are over.” form of compensation. She earned a PA FARES tinued in 2009. Gravity-defying days are perhaps on total of $4.27 million. Walton was third BETTER THAN The magazine hold in Pennsylvania too, but the state in that category with total compensa- U.S. There are fewer GCs found the basic didn’t see many dramatic drops in some tion of $3.95 million. trend in 2009 com- of the key compensation metrics. Cephalon General Counsel Gerald J. There were few that have crossed the pensation was that Petren’s first-ranked earnings of $2.4 Pappert was new to the list this year, dramatic increases the numbers were million are lower than Walton’s top ranking fourth in total compensation at in pay in 2009, as flat, with some- earnings of last year, which were nearly $2.73 million thanks to more than would probably be million-dollar mark. times “dramatic $2.6 million. There are also fewer GCs $800,000 each in stock and option expected. But the declines” in bonus- that have crossed the million-dollar awards. He ranked fifth on the overall bulk of But on the whole, the es and equity. mark. But on the whole, the numbers list with total cash compensation of Pennsylvania gen- “Discretionary have edged up higher in 2009 for the $953,700. eral counsel did bonuses fell under bulk of the GCs listed. Despite falling from fifth place in see a bump in their numbers have edged up the ax, as compa- total cash compensation last year to total cash draw. In nies strove to tie NOTABLE CHANGES 22nd this year, United States Steel fact, only 12 saw a higher in 2009 for the GC compensation While base salary didn’t change much, Corp.’s James D.