Executive pay and company performance are often, but now always, in sync. The Globe looked at the pay figures for all the CEOs in Massachusetts who have headed their companies through at least the past two fiscal years, and compared their raises between the most recent fiscal year and the prior year, with the company's revenue performance over the most recent fiscal year and the prior year. Click on the circles to see how the two numbers compare for each CEO.
The Boston Globe examined executive compensation at more than 200 publicly traded companies based in Massachusetts. The data was compiled by the Globe and Capital IQ, a financial research firm owned by Standard & Poor's. In most cases, the compensation figures came directly from the main summary compensation tables filed with the US Securities and Exchange Commission through July 2010. However, for companies that reported pay prior to Feb. 28, when the SEC changed its disclosure rules, the Globe relied primarily on information contained in a separate chart, the Grants of Plan-Based Awards table, to calculate the value of the stock awards at the time they were awarded to executives. In both cases, the stock values are only an estimate for their potential value, not the amount of money that executives actually received; the actual value will depend on how the stock performs and when executives sell their shares. In addition, some awards are contingent on meeting certain performance goals or remaining with the company for several years, so CEOs may not actually receive all of that stock. And companies note that some stock awards are frequently intended to compensate CEOs for multiple years or a different year than the one they were awarded, which can skew pay comparisons from one year to the next. In two cases, the Globe also excluded stock awards that were already reported in executives' salary or bonus to avoid double-counting. The Globe generally listed the pay for the person listed as CEO at the end of the fiscal year, even if they joined the company late in the year or have since been replaced.