It pays, more than ever, to be at the top.
...
In general, raises for chief executives at area companies tracked increases in shareholder value. Of the 117 local chief executives in place at least two years on Dec. 31, the average cash pay increase last year was 17 percent, and the average total return to shareholders was 20 percent.
But there were exceptions -- 21 chief executives at companies whose shareholders lost money in 2004 received cash pay increases, and 10 of those received double-digit cash pay increases.
Of the 100 highest-compensated executives, 97 were men. The highest-paid woman at a public company in the Washington area was Joan M. Sweeney, chief operating officer of Allied Capital Corp., a Washington corporate finance company. Sweeney was paid $8.5 million, including $1.5 million in cash and options worth an estimated $5.5 million.
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· The median salary and bonus for executives in the survey was $400,583, a 7.6 percent raise from 2003's median. By contrast, the median annual pay for a worker in the Washington area was $37,610 in 2004, an increase of 4 percent from 2003. Including all forms of compensation, the $704,713 median total pay received by the 764 executives in The Post survey was more than 18 times the median annual pay for the metropolitan area.
http://www.washingtonpost.com/wp-dyn/content/article/2005/06/26/AR2005062600658_pf.html
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