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Date Posted: Tuesday, August 26, 09:07:42pm
Author: Karen M
Subject: a few yrs old u might find it interesting
In reply to: SC 's message, "$$316K to be a hospital VP?" on Tuesday, August 26, 08:36:28pm

Top Dollar: The 10 Highest Paid Human Resources Leaders
The 10 highest-paid human resource leaders in U.S. public companies work in industries ranging from manufacturing to retail to advertising. Their multi-million dollar compensation packages show that workforce executives are indeed gaining elite corporate status--they are among the five highest-paid officers in their companies. But the profession still has a long way to go before it shares top billing with CEOs and CFOs.
By Douglas P. Shuit


all it subtraction by addition. Leo J. Taylor, executive vice president for human resources at Pulte Homes, says that when the leading home-building firm reaches $20 billion in annual revenues--still some years away--he hopes to have pared his workforce-management staff from 30 down to 20. "I want one HR professional for every $1 billion in revenue," Taylor declares. And if that sounds brash, well, brash pays.


Taylor has used his aggressive, in-your-face style of management to become one of the 10 highest-paid human resources executives in the United States in an analysis of just-released 2003 proxy statements compiled for Workforce Management by Aon Consultings eComp Database. He ranks third and earned nearly $4.2 million in cash, bonus, stock and other compensation. While personal style is key to Taylors success, it also helps that he works for a hot company. Pulte Homes, like some other companies on the list, had a banner year in 2003, pushing up the value of Taylors stock. Shares of Pulte Homes jumped from $50 at the beginning of 2003 to $93 by the end of the year and then split 2 for 1 in January. Pultes earnings before interest, taxes and amortization were nearly $1 billion during that period.

Paul McBride, senior vice president for human resources and corporate initiatives at Black & Decker Corp., is No. 1 on Aons list of the highest-paid workforce managers in a computer analysis of 5,097 proxy statements filed by publicly traded companies between January 1 and April 30. He earned $6.2 million in total compensation, which included salary, bonus, stock options and long-term incentive payments. McBride took over his new post in a reorganization completed this year. He replaced Leonard Strom, who retired as the senior vice president of human resources after a long career.

Dennis Donovan, a much-honored human resources chief at The Home Depot Inc., was No. 2, pulling in more than $5.4 million in total compensation. Donovan, a fellow in the National Academy of Human Resources, joined The Home Depot in 2001. Others in the top 10, in descending order, are Taylor; William Roskin, senior vice president of human resources and administration for Viacom Inc., just over $3.9 million; Brent Stanley, the now-former senior vice president, human resources, for PG&E Corp., $3.4 million; Bruce Johnson, senior vice president, human resources, for The Timberland Co., $3 million; Robert Foreman, vice president, human resources, at SPX Corp., more than $2.9 million; Brian Brooks, executive vice president and chief human resources officer, Interpublic Group of Companies Inc., $2.6 million; Jeffrey Smith, now-retired chief human resources officer, general counsel and secretary, Cincinnati Bell Inc., $2.2 million; and John W. Holleran, senior vice president of human resources and general counsel, Boise Cascade Corp., $2.19 million.

http://www.workforce.com/section/09/feature/23/74/10/index.html

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