Chief Executive Research sent surveys to the readers of Chief Executive magazine as well as select segments of its online database of CEOs in April and May of 2012, asking for company information, compensation data, policies, and procedures for their most recently completed fiscal year.
1,101 private companies responded to the survey, with 686 completing the detailed compensation questions. There were a total of over 2,600 responses for individual compensation packages.
Strong response rates were received from private companies representing a wide range of sizes, industries, geographies, and ownership types.
The survey effort focused on private companies with revenues from less than $2 million to over $1 billion and utilized a stratified sampling of companies to allow companies of each size to benchmark their company against similarly-sized companies.
We asked survey respondents to provide compensation data for 10 senior executive positions. For situations where an individual held the title of CEO and another position (e.g. CEO and Chairman), data is included only in the analysis of CEO compensation. Below shows the number of responses included in the final report analysis for each title:
| Title | Responses |
|---|---|
| Chief Executive Officer (CEO) | 686 |
| Senior Finance Executive (CFO, VP Finance) | 390 |
| Senior Operations Executive (COO, GM, VP Operations) | 298 |
| Senior Marketing Executive (CMO, VP Marketing) | 237 |
| Senior Human Resources Executive (HR Director, VP HR) | 226 |
| Chairman | 202 |
| Senior Information Technology Executive (CTO, CIO) | 195 |
| Senior Sales Executive (CSO, VP Sales) | 159 |
| President | 120 |
| Senior Research/Engineering Executive | 90 |
The report includes breakdowns of compensation for companies across revenue ranges, number of employees, industry, region, revenue growth, and profitability. Below is the percentage of respondents by these various categories.
Revenue Range |
# of Responses |
|---|---|
| <$2 million | 127 |
| $2 to $4.9 million | 66 |
| $5 to $9.9 million | 79 |
| $10 to $24.9 million | 149 |
| $25 to $49.9 million | 142 |
| $50 to $99.9 million | 164 |
| $100 to $249.9 million | 176 |
| $250 to $499.9 million | 67 |
| $500 to $999.9 million | 58 |
| $1 billion+ | 70 |
Number of Employees |
# of Responses |
|---|---|
| 0 to 10 | 129 |
| 10 to 24 | 80 |
| 25 to 49 | 86 |
| 50 to 99 | 144 |
| 100 to 249 | 204 |
| 250 to 499 | 163 |
| 500 to 999 | 109 |
| 1,000 to 4,999 | 118 |
| 5,000 to 9,999 | 23 |
| 10,000+ | 41 |
Industry |
# of Responses |
|---|---|
| Advertising/Marketing/PR/Media/Entertainment | 44 |
| Construction/Engineering/Mining | 65 |
| Energy/Utility | 29 |
| Financial Services (Banking, Insurance, Brokerage, Investments) | 96 |
| Government and Non-Profit | 27 |
| Health Care (Providers and Payers) | 71 |
| High Tech/Telecommunications | 90 |
| Manufacturing (Consumer Goods) | 104 |
| Manufacturing (Industrial Goods) | 137 |
| Pharmaceuticals & Medical Products | 25 |
| Professional Services (Legal, Consulting, Accounting, Architecture) | 115 |
| Real Estate | 22 |
| Retail Trade | 53 |
| Transportation (Airlines, Trucking, Rail, Shipping, Logistics) | 32 |
| Travel and Leisure (Hotels) | 9 |
| Wholesale/Distribution | 70 |
Region |
# of Responses |
|---|---|
| Midwest | 289 |
| Northeast | 205 |
| South | 317 |
| West | 248 |
Revenue Growth |
# of Responses |
|---|---|
| Down 0.1 – 9.9% | 89 |
| Down 10 – 19.9% | 40 |
| Down >20% | 45 |
| Flat | 155 |
| Up 0.1 – 9.9% | 370 |
| Up 10 – 19.9% | 216 |
| Up >20% | 179 |
Profitability (EBITDA Margin) |
# of Responses |
|---|---|
| 0 – 4.9% | 251 |
| 10 – 19.9% | 104 |
| 20 – 30% | 276 |
| 5 – 9.9% | 272 |
| >30% | 64 |
| Unprofitable | 106 |
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