Pay vs. performance.

PAY VS. PERFORMANCE CEO COMPENSATION Exchange- Base 2006 CEO/ ticker/ salary Bonus 2005 Company Headquarters (000s) Change (000s) 1 Kenneth D. Lewis (N-BAC) $1,500.0 0.0% $5,650.0 1 Bank of America Charlotte 2 G. Kennedy (N-WB) 1,090.0 9.0 5,000.0 Thompson 2 Wachovia Charlotte 3 David C. Swanson (N-RHD) 660.0 14.8 1,121.3 3 R.H. Donnelley Cary 4 Mackey J. McDonald (N-VFC) 1,100.0 11.1 1,474.0 5 VF Greensboro 5 Robert A. Niblock (N-LOW) 850.0 16.4 2,550.0 4 Lowe's Mooresville 6 John A. Allison IV (N-BBT) 900.0 0.0 981.0 8 BB&T Winston-Salem 7 Thomas P. Mac (N-LH) 929.7 5.0 1,322.1 Mahon 6 Laboratory Corp. Burlington of America 8 Daniel R. DiMicco (N-NUE) 707.3 2.5 1,644.5 7 Nucor Charlotte 9 David V. Singer (Q-LNCE) 500.0 na 323.1 (1), (2) - Lance Charlotte 10 Matthew J. Szulik (Q-RHAT) 400.0 6.1 640.0 17 Red Hat Raleigh 11 Christopher J. (N-SPW) 875.00 100.6 962.5 Kearney 25 SPX Charlotte 12 Thomas Gutierrez (N-XRM) 664.8 3.1 0.0 - Xerium Youngsville Technologies (3) 13 Marshall O. Larsen (N-GR) 900.0 9.1 1,660.5 10 Goodrich Charlotte 14 Richmond D. (N-CSL) 850.0 6.3 1,100.0 McKinnish 13 Carlisle Charlotte 15 Robert B. McGehee (N-PGN) 1,000.0 9.2 1,275.0 9 Progress Energy Raleigh 16 Eugene B. Johnson (N-FRP) 350.0 0.0 175.0 55 FairPoint Charlotte Communications 17 Edward J. Fritsch (N-HIW) 413.8 8.9 430.3 74 Highwoods Raleigh Properties 18 Stephen P. Zelnak (N-MLM) 908.3 5.6 600.0 Jr 15 Martin Marietta Raleigh Materials 19 Susan M. Ivey (4) (N-RAI) 1,033.8 3.4 1,568.0 28 Reynolds American Winston-Salem 20 Charles G. Raymond (N-HRZ) 575.0 9.5 1,350.0 - Horizon Lines (3) Charlotte 21 Frank M. Drendel (N-CTV) 624.9 5.4 567.4 20 CommScope Hickory 22 J. Frank Harrison (Q-COKE) 733.7 2.2 786.4 III 14 Coca-Cola Bottling Charlotte Consolidated 23 Robert A. (Q-RFMD) 535.8 16.4 227.5 Bruggeworth 35 RF Micro Devices Greensboro 24 Howard R. Levine (N-FDO) 728.4 0.2 0.0 11 Family Dollar Matthews Stores 25 John P. Derham (N-CTR) 862.5 5.3 1,968.8 Cato 23 Cato Charlotte 26 O. Bruton Smith (N-SAH) $1,100.0 4.8% $854.3 (5) 18 Sonic Automotive Charlotte 27 Stanley K. Tanger (N-SKT) 493.5 5.0 537.1 26 Tanger Factory Greensboro Outlet Centers 28 Peter J. Sodini (Q-PTRY) 700.0 4.4 1,050.0 29 The Pantry Sanford 29 Fredric N. (Q-PPDI) 668.7 3.1 475.0 Eshelman 16 PPD Wilmington 30 Mark K. Tonnesen (Q-TGIC) 450.0 na 200.0 (1), (2) - Triad Guaranty Winston-Salem 31 J. Adam Abram (Q-JRVR) 475.0 0.0 0.0 - James River Group Chapel Hill (3) 32 J. Eric Pike (N-PEC) 752.3 53.7 275.9 - Pike Electric (3) Mount Airy 33 Earl E. Congdon (Q-ODFL) 435.5 0.0 1,741.6 27 Old Dominion Thomasville Freight Line 34 Ernest F. Schaub (N-NPO) 600.0 0.0 478.4 24 EnPro Industries Charlotte 35 Frank C. Spencer (N-CSA) 445.0 36.9 0.0 - Cogdell Spencer Charlotte (3) 36 O. Bruton Smith (N-TRK) 400.0 0.0 1,350.0 (5) 30 Speedway Concord Motorsports 37 Michael R. (Q-CTCI) 308.7 3.3 409.2 Coltrane 37 CT Communications Concord 38 Brian R. Parke (N-UFI) 750.0 0.0 0.0 42 Unifi Greensboro 39 Charles M. (Q-CREE) 490.4 11.4 322.4 Swoboda 32 Cree Durham 40 David J. McIlquham (N-ZZ) 621.3 8.0 745.1 - Sealy (3) Trinity 41 John R. Plachetka (Q-POZN) 413.0 4.4 258.4 22 Pozen Chapel Hill 42 D. Scott Wilkerson (A-BNP) 270.0 18.0 0.0 66 BNP Residential Charlotte Properties 43 Thomas E. Skains (N-PNY) 535.6 16.3 357.3 39 Piedmont Natural Charlotte Gas 44 Brian J. Harker (N-AOI) 544.1 8.8 0.0 - Alliance One Morrisville International 45 Thomas W. Dickson (N-RDK) 500.0 12.4 430.0 36 Ruddick Charlotte 46 Frederick M. Lax (Q-TKLC) 544.2 5.4 521.4 - Tekelec Morrisville 47 Robert W. Winston (N-WXH) 405.0 27.0 303.8 III 43 Winston Hotels Raleigh 48 Carolyn J. Logan (Q-SLXP) 430.0 18.1 258.0 31 Salix Raleigh Pharmaceuticals 49 H.O. Woltz III (Q-IIIN) 344.2 7.6 344.2 50 Insteel Industries Mount Airy 50 Steven D. Skolsky (Q-TRMS) 468.0 4.0 232.0 (4) 19 Trimeris Durham 51 Paul R. Sohmer (Q-TPTH) $454.1 14.1% $87.7 34 TriPath Imaging Burlington 52 Christy L. Shaffer (Q-ISPH) 414.7 8.2 112.3 38 Inspire Durham Pharmaceuticals 53 Lewis R. Holding (Q-FCNCA) 831.6 8.5 0.0 45 First Citizens Raleigh BancShares 54 J. Allen Fine (Q-ITIC) 265.9 3.0 370.0 48 Investors Title Chapel Hill 55 John T. Casey (4), (Q-MDTH) 550.0 0.0 206.3 (6) 21 MedCath Charlotte 56 James H. Garner (Q-FBNC) 290.0 5.5 209.2 56 First Bancorp Troy 57 Jim W. Perry (Q-WWIN) 308.8 2.9 150.1 52 Waste Industries Raleigh USA 58 Thomas A. Vann (Q-FSBK) 350.0 6.1 225.0 49 First South Washington Bancorp 59 Charles M. Snipes (Q-GRAN) 311.1 na 72.9 (2) 63 Bank of Granite Granite Falls 60 Robert F. Lowe (Q-LXBK) 307.0 0.0 107.0 59 LSB Bancshares Lexington 61 Robert S. Thomas (Q-CTHR) 227.1 18.3 203.1 69 Charles & Colvard Morrisville 62 Robert E. James (Q-FCTR) 295.8 na 76.6 Jr. (2) - First Charter Charlotte 63 Pressley A. (Q-FNBF) 250.0 25.0 0.0 Ridgill (2) - FNB Financial Greensboro Services 64 P. Kay Wagoner (Q-ICGN) 304.8 10.1 50.0 57 Icagen Durham 65 J. Donald (Q-TRGT) 310.0 9.4 105.4 deBethizy - Targacept (3) Winston-Salem 66 D. Ben Berry (Q-GBTS) 325.0 25.6 100.0 47 Gateway Financial Elizabeth Holdings City 67 Frederick Willetts (Q-COOP) 250.0 5.0 82.0 III 60 Cooperative Wilmington Bankshares 68 B. Grant Yarber (Q-CBKN) 275.0 23.1 175.0 61 Capital Bank Raleigh 69 William A. Long (Q-YAVY) 275.9 4.8 175.0 58 Yadkin Valley Elkin Financial 70 Michael C. Miller (Q-FNBN) 289.6 5.3 100.7 62 FNB United Asheboro 71 F. Scott Bauer (Q-SCMF)...