CEO Salary Sampler
By FOLIO: Staff
In a sampling of public b-to-b publishers, CEOs did pretty well for themselves with most earning a raise in 2004, according to 10-K filings.
CEO Kelly Conlin, who went from $152,308 in 2003 to $934,615 in 2004 and earned a $450,000 bonus boost in 2004 totaling $550,390. Helping Conlin, along with the rest of his executive-level colleagues at Primedia, was participation in the company’s “executive incentive compensation plan.” A good thing, since Conlin has since been ousted as Primedia begins exploring both a split into two publicly traded companies and a sell-off of parts of its 120-magazine enthusiast group.
CEO, gave up in 2004 the $1 million bonus he received in 2003, but maintained his $1 million salary. Operating expenses were up $18 million in 2004 versus 2003 and it looks like more tough times ahead for ZD as they announce a 77 percent third-quarter EBITDA decline compared to last year, attributed mostly to a hit in print advertising revenues. Will Callahan have to forego another bonus this year?
is up 14 percent in third quarter revenues this year over same period last year, with adjusted EBITDA up 90 percent. In 2004, Penton swapped CEOs midway through the year. Outgoing CEO Thomas Kemp earned $355,000 of the $600,000 he earned in 2003, while incoming CEO David Nussbaum, who took over in June, made $417,500 in salary and a whopping $1,759,027 bonus at the end of 2004.
CEO Joe Loggia earned a $125,000 raise and about an extra $200,000 in his 2004 bonus.
Name Title Company Year Salary Bonus Other Joseph Loggia CEO Advanstar 2004 $625,000 $339,016 $990 Thomas Kemp CEO Penton 2004 $355,000 N/A N/A David Nussbaum CEO Penton 2004 $417,500 $1,759,027 N/A Kelly Conlin CEO Primedia 2004 $934,615 $550,390 $153,497 Robert Callahan Chairman & CEO Ziff Davis 2004 $1,000,000 N/A $100,000