Wisconsin CEO Performance Evaluation

Below is a performance evaluation of Wisconsin CEOs; their company; total compensation; compensation change from 2007; and company stock value change between Jan. 1, 2008 and Jan. 1, 2009 [although a typical U.S. business fiscal year begins Oct 1st and ends Sept 30th].

Gale Klappa; Wisconsin Energy; $9,875,302; -16; -6
Jeff Yabuki; Fiserv Inc.; $6,119,720 ;-14; -29
Jeffrey Joerres; Manpower Inc.; $5,743,775; -41; -38
James Ziemer; Harley-Davidson; $5,625,595; 27; -56
Kenneth Manning; Sensient Technologies; $5,570,291; -47; -8
Timothy Sullivan; Bucyrus International; $4,801,383; 25; -60
Michael Sutherlin; Joy Global; $4,431,854; -25; -63
Paul Jones; AO Smith; $4,382,669; 14; -14
Nicolas Pinchuk; Snap-on; $3,957,423; 37; -18
Kevin Mansell; Kohl's Corp.; $3,488,721; 54; -21
Curt Culver; MGIC Investment; $3,118,969; -10; -81
Mark Furlong; Marshall & Ilsley; $2,346,665; -31; -48
Michael Crowley Jr.; Bank Mutual $2,175,820; 15; -3
Steve Smith; Journal Communications; $1,445,957; 22; -67
Thomas Florsheim Jr.; Weyco Group Inc.; $1,281,734; 60; 12
Douglas Gordon; Waterstone Financial; $1,096,665; -3; -75
Richard Meeusen; Badger Meter; $1,020,316; 16; -23
Kerry Woody; Ladish Co.; $876,528; -20; -61
Helen Johnson-Leipold; Johnson Outdoors; $795,278; -37; -70

Only 1 saw the value of his/her company's stock rise (Thomas Florsheim). Although, his compensation rose 60 percent, while the company's shares only rose 12 percent.

Of all 19 CEOs, only 3 saw their compensation decrease more than the company stock value. 8 saw their compensation rise even as their company stock lost value.

Yet more proof that CEO pay is not based on the performance of the company.

Although it can also be said that stocks are not a good indicator of the performance of a company because of the fraud, gimmicks, and accounting chicanery involved in their trading.

Performance Evaluation

The highest paid CEOs & their 2008 performance as measured by stock prices (from January 1, 2008 to January 1, 2009):

Chesapeake Energy, Paid: $112.5 million, Stock: down 56 percent
Motorola, Paid: $104.1 million, Stock: down 60 percent
Walt Disney, Paid: $51.1 million, Stock: down 23 percent
Goldman Sachs, Paid: $42.9 million, Stock: down 57 percent
American Express, Paid: $42.9 million, Stock: down 62 percent
Citigroup, Paid: $38.2 million, Stock: down 75 percent
Apache, Paid: $37.2 million, Stock: down 21 percent
Philip Morris, Paid: $36.9 million, Stock: down 11 percent
Juniper Networks, Paid: $36.1 million, Stock: down 36 percent
JPMorgan Chase, Paid: $35.7 million, Stock: down 32 percent