Pay vs. performance.

• Position: Illustration

2004 CEO COMPENSATION rank Exchange/ Base 2003 CEO/ Ticker/ salary rank Company City (000s) Change 1 Kenneth D. Lewis (N-BAC) $1,500.0 0.0% 3 Bank of America Charlotte 2 Paul M. Anderson (1) (N-DUK) 0.0 na -- Duke Energy Charlotte 3 G. Kennedy Thompson (N-WB) 1,000.0 0.0 4 Wachovia Charlotte 4 Robert L. Tillman (N-LOW) 1,000.0 0.0 9 Lowe's Mooresville 5 Stephen H. Clark (N-SSI) 375.0 0.0 52 SpectraSite Cary 6 Matthew J. Szulik (Q-RHAT) 350.0 0.0 19 Red Hat Raleigh 7 William Cavanaugh III (2) (N-PGN) 1,219.7 7.5 5 Progress Energy Raleigh 8 John B. Blystone (N-SPW) 1,400.0 0.0 1 SPX Charlotte 9 Andrew J. Schindler (3) (N-RJR) 1,076.3 3.3 10 R.J. Reynolds Tobacco (4) Winston-Salem 10 David A. Stonecipher (5) (N-JP) 1,134.7 0.0 8 Jefferson-Pilot Greensboro 11 Mackey J. McDonald (N-VFC) 990.0 0.0 7 VF Greensboro 12 Stephen P. Zelnak Jr. (N-MLM) 816.7 6.1 17 Martin Marietta Materials Raleigh 13 John A. Allison IV (N-BBT) 887.2 5.1 11 BB & T Winston-Salem 14 Thomas P. Mac Mahon (N-LH) 845.6 2.5 2 Laboratory Corp. of America Burlington 15 Scott A. Livengood (N-KKD) 545.8 10.1 28 Krispy Kreme Doughnuts Winston-Salem 16 J. Frank Harrison III (Q-COKE) 690.3 4.5 13 Coca-Cola Consolidated Charlotte 17 David C. Swanson (N-RHD) 528.1 25.3 -- R.H. Donnelley Cary 18 Howard R. Levine (N-FDO) 700.0 16.7 21 Family Dollar Stores Charlotte 19 Richmond D. McKinnish (N-CSL) 725.0 5.8 18 Carlisle Charlotte 20 Ronald P. Gibson (6) (N-HIW) 400.8 2.7 16 Highwoods Properties Raleigh 21 Marshall O. Larsen (1) (N-GR) 742.8 11.7 -- Goodrich Charlotte 22 Philip Tabbiner (7) (Q-AAII) 527.5 32.6 25 aaiPharma Wilmington 23 John T. Casey (1) (Q-MDTH) 511.3 na -- MedCath Charlotte 24 Daniel A. Pelak (1) (Q-CLSR) 350.0 0.0 23 Closure Medical Raleigh 25 John R. Plachetka (Q-POZN) 374.9 3.0 34 Pozen Chapel Hill 26 Frank M. Drendel (N-CTV) $555.0 0.0% 22 CommScope Hickory 27 Daniel R. DiMicco (N-NUE) 670.0 35.4 39 Nucor Charlotte 28 Ernest F. Schaub (N-NPO) 596.6 48.6 33 EnPro Industries Charlotte 29 Kim S. Price (Q-CSBC) 190.0 26.7 71 Citizens South Banking Gastonia 30 O. Bruton Smith (8) (N-SAH) 1,050.0 26.4 24 Sonic Automotive Charlotte 31 Robert A. Bruggeworth (1) (Q-RFMD) 404.2 35.8 27 RF Micro Devices Greensboro 32 Dani P. Bolognesi (Q-TRMS) 437.3 4.8 26 Trimeris Durham 33 O. Bruton Smith (8) (N-TRK) 400.0 6.7 36 Speedway Motorsports Concord 34 Aaron D. Cowell Jr. (Q-CLEC) 336.0 17.1 70 US LEC Charlotte 35 Fredric N. Eshelman (Q-PPDI) 623.5 5.5 29 PPD Wilmington 36 Michael R. Coltrane (Q-CTCI) 290.0 9.4 56 CT Communications Concord 37 Walter S. Nimmo (Q-IRGI) 294.5 14.9 37 Inveresk Research (9) Cary 38 Earl E. Congdon (Q-ODFL) 420.9 20.5 44 Old Dominion Freight Line Thomasville 39 Brian R. Parke (N-UFI) 750.0 0.0 14 Unifi Greensboro 40 Peter J. Sodini (Q-PTRY) 572.3 4.2 48 The Pantry Sanford 41 Stanley K. Tanger (N-SKT) 451.5 5.0 35 Tanger Factory Outlet Centers Greensboro 42 Darryl W. Thompson (Q-TGIC) 253.0 3.7 53 Triad Guaranty Winston-Salem 43 Robert G. Culp III (N-CFI) 416.0 3.4 41 Culp High Point 44 Steven R. LeBlanc (N-SMT) 440.0 0.0 20 Summit Properties Charlotte 45 Robert E. Harrison (N-STW) 490.0 4.3 40 Standard Commercial Wilson 46 Paul A. Stroup III (Q-LNCE) 315.0 3.1 57 Lance Charlotte 47 Charles M. Swoboda (Q-CREE) 384.6 28.2 15 Cree Durham 48 John P. Derham Cato (N-CTR) 784.6 6.7 32 Cato Charlotte 49 Christy L. Shaffer (Q-ISPH) 283.6 9.0 63 Inspire Pharmaceuticals Durham 50 James C. McGill (Q-FSBC) 175.0 0.0 51 1st State Bancorp Burlington 51 Thomas W. Dickson (N-RDK) $390.0 13.0% 50 Ruddick Charlotte 52 Lewis R. Holding (Q-FCNCA) 751.6 4.9 45 First Citizens BancShares Raleigh 53 Lawrence M. Kimbrough (Q-FCTR) 375.0 7.1 42 First Charter Charlotte 54 Paul R. Sohmer (Q-TPTH) 391.7 2.4 59 TriPath Imaging Burlington 55 Robert W. Winston III (N-WXH) 304.0 3.1 55 Winston Hotels Raleigh 56 Carolyn J. Logan (Q-SLXP) 350.0 16.4 46 Salix Pharmaceuticals Raleigh 57 Thomas A. Vann (Q-FSBK) 300.0 11.1 49 First South Bancorp Washington 58 Ernest J. Sewell (Q-FNBF) 290.0 4.0 69 FNB Financial Services Reidsville 59 Jim W. Perry (Q-WWIN) 280.0 10.9 65 Waste Industries USA Raleigh 60 Thomas E. Skains (1) (N-PNY) 373.1 31.6 -- Piedmont Natural Gas Charlotte 61 James H. Garner (Q-FBNC) 260.0 8.3 60 First Bancorp Troy 62 Robert F. Lowe (Q-LXBK) 295.0 6.5 54 LSB Bancshares Lexington 63 J. Allen Fine (Q-ITIC) 250.8 2.7 66 Investors Title Chapel Hill 64 Randall L. Marcuson (Q-EMBX) 315.0 3.3 58 Embrex Durham 65 Michael C. Miller (Q-FNBN) 225.0 22.2 67 FNB Asheboro 66 F. Scott Bauer (Q-SCMF) 240.0 20.6 68 Southern Community Financial Winston-Salem 67 Frederick Willetts III (Q-COOP) 230.0 7.0 -- Cooperative Bankshares Wilmington 68 John A. Forlines Jr. (Q-GRAN) 275.0 4.0 61 Bank of Granite Granite Falls 69 William A. Long (Q-YAVY) 232.6 51.9 64 Yadkin Valley Bank and Trust Elkin 70 Arthur H. Keeney III (Q-ECBE) 200.0 20.5 -- ECB Bancorp Engelhard 71 D. Scott Wilkerson (A-BNP) 225.0 12.5 73 BNP Residential Properties Charlotte 72 Tony W. Wolfe (Q-PEBK) 206.8 (0.5) -- Peoples Bancorp of N.C. Newton 73 William C. Burkhardt (10) (Q-CBKN) 200.0 na -- Capital Bank Raleigh 74 Robert S. Thomas (Q-CTHR) 183.9 7.1 -- Charles & Colvard Morrisville 75 Robert P. Ingle (Q-IMKTA) 117.5 (30.9) 75 Ingles Markets Asheville Median 391.7 5.7 2004 CEO COMPENSATION rank Total salary 2003 CEO/ Bonus and bonus rank Company (000s) Change (000s) 1 Kenneth D. Lewis $5,375.0 0.0% $6,875.0 3 Bank of America 2 Paul M. Anderson (1) 0.0 na 0.0 -- Duke Energy 3 G. Kennedy Thompson 5,250.0 40.0 6,250.0 4 Wachovia 4 Robert L. Tillman 3,000.0 0.0 4,000.0 9 Lowe's 5 Stephen H. Clark 3,175.0 763.9 3,550.0 52 SpectraSite 6 Matthew J. Szulik 147.7 na 497.7 19 Red Hat 7 William Cavanaugh III (2) 933.0 3.7 2,152.7 5 Progress Energy 8 John B. Blystone 6,674.0 59.1 8,074.0 1 SPX 9 Andrew J. Schindler (3) 1,285.0 414.0 2,361.3 10 R.J. Reynolds Tobacco (4) 10 David A. Stonecipher (5) 2,250.0 236.1 3,384.7 8 Jefferson-Pilot 11 Mackey J. McDonald 1,039.5 (28.6) 2,029.5 7 VF 12 Stephen P. Zelnak Jr. 380.0 23.6 1,196.7 17 Martin Marietta Materials 13 John A. Allison IV 0.0 (100.0) 887.2 11 BB & T 14 Thomas P. Mac Mahon 1,297.9 (11.3) 2,143.5 2 Laboratory Corp. of America 15 Scott A. Livengood 0.0 (100.0) 545.8 28 Krispy Kreme Doughnuts 16 J. Frank Harrison III 647.8 (15.0) 1,338.1 13 Coca-Cola Consolidated 17 David C. Swanson 1,569.8 326.4 2,097.9 -- R.H. Donnelley 18 Howard R. Levine 483.0 0.5 1,183.0 21 Family Dollar Stores 19 Richmond D. McKinnish 800.0 33.3 1,525.0 18 Carlisle 20 Ronald P. Gibson (6) 240.1 16.0 640.9 16 Highwoods Properties 21 Marshall O. Larsen (1) 592.2 122.6 1,335.0 -- Goodrich 22 Philip Tabbiner (7) 26.4 (92.7) 553.9 25 aaiPharma 23 John T. Casey (1) 600.0 na 1,111.3 -- MedCath 24 Daniel A. Pelak (1) 100.0 na 450.0 23 Closure Medical 25 John R. Plachetka 300.0 17.7 674.9 34 Pozen 26 Frank M. Drendel $384.1 na $939.1 22 CommScope 27 Daniel R. DiMicco 427.1 32.8% 1,097.1 39 Nucor 28 Ernest F. Schaub 879.8 107.8 1,476.5 33 EnPro Industries 29 Kim S. Price 0.0 (100.0) 190.0 71 Citizens South Banking 30 O. Bruton Smith (8) 492.2 (34.4) 1,542.2 24 Sonic Automotive 31 Robert A. Bruggeworth (1) 174.6 27.2 578.9 27 RF Micro Devices 32 Dani P. Bolognesi 0.0 (100.0) 437.3 26 Trimeris 33 O. Bruton Smith (8) 1,000.0 53.8 1,400.0 36 Speedway Motorsports 34 Aaron D. Cowell Jr. 262.5 na 598.5 70 US LEC 35 Fredric N. Eshelman...