Should CEO’s be compensated based on the stock price, company earnings, or simply based on Talent? Looking at Yellow Page CEO earnings

October 25, 2009

executive compensation.jpg

Should CEO’s be compensated based on the stock price, company earnings, or simply based on Talent? Looking at Yellow Page CEO earnings…….

idearclogo1

Scott W. Klein has been the Chief Executive Officer of Idearc, Inc. Since June, 2008. Mr. Klein served as Chief Executive Officer of Symphony Technology Group. He has also served as Operating Partner of Symphony Technology Group since 2007. He served as Chief Executive Officer and President of Information Resources Inc. from February 2, 2004 to October 2007. He has extensive knowledge of operations management and global marketing to Intentia. He was charged with transforming … IRI’s business by focusing on strengthening its core business of market content and analytic services, while extending services through business performance management solutions. Before joining IRI, Mr. Klein served as President of the Consumer Industries, Retail & Energy Division of Electronic Data Systems (EDS) from 2001 to 2004, a global services company. Prior to EDS, he served as President of PC Mall Inc. as well as Chief Executive Officer and President of eCOST.com (a subsidiary of PCMall) from 1999 to 2001, a California-based telesales, catalog, and Internet reseller of IT products while there he successfully launched eCOST.com a premier B to B and B to C online retailer of computer products and consumer electronics. From 1984 to 1999, he served as Chief Operating Officer and an Executive Vice President of PrimeSource Building Products, Inc. and its predecessor companies. Prior to that, Mr. Klein held various marketing and sales positions at PepsiCo Inc. and Procter & Gamble Company. He started his career with Procter & Gamble in Brand Management and later served as Director of Marketing for PepsiCo. Mr. Klein has been a Director of Idearc Inc. Since June 2008. He has been a Director of Intentia International Ab since May 12, 2005. He serves on the Board of Directors of Information Resources, Inc. (IRI). He served as a Director of Lawson International AB since May 12, 2005. He served as Director of PrimeSource Building Products, Inc. Mr. Klein is an honors Accounting graduate of Syracuse University.

ANNUAL COMPENSATION*
Salary $580,769
Bonus $681,846
Total Annual Compensation $1,262,615
STOCK OPTIONS*
Restricted Stock Awards $421,800
All Other Compensation $1,841,120
Unexercisable Options 250,000
Total Number of Options 250,000
TOTAL COMPENSATION*
Total Annual Cash Compensation $1,480,769
Total Short Term Compensation $1,262,615
Other Long Term Compensation $2,262,920
Total Calculated Compensation $3,876,876

_________________________________________Money Bag CEO PAY is NUTS

_________________________________________

RHDonnelley

David C. Swanson serves as President of R.H. Donnelley Directory Company. Mr. Swanson has been Chief Executive Officer of RH Donnelley Corp. and R.H. Donnelley Inc. since May 2002. Mr. Swanson serves as Chief Executive Officer of Dex Media West LLC, Dex Media East LLC and Dex Media Inc. Mr. Swanson served as President and Chief Operating Officer of R.H. Donnelley Corp. from December 2000 to May 2002. Prior to that, Mr. Swanson served as President of Donnelley Directory … Services since March 1999. Mr. Swanson joined R.H. Donnelley Corp. in 1985 as an Account Executive and served senior management positions over 15 years. He served as an Executive Vice President of Sales since 1995. He served as an Executive Vice President and General Manager of Proprietary Operations since 1997. He served as an Executive Vice President of Corporate Strategy in conjunction with R.H. Donnelley Corp.’s spin-off (“Spin-Off”) as an independent public company from The Dun & Bradstreet Corporation (“D&B”) since 1998. Mr. Swanson has been Chairman of RH Donnelley Corp. since April 2006. Mr. Swanson serves as Chairman of Dex Media West LLC, Dex Media East LLC and Dex Media Inc. Mr. Swanson served as Chairman of RH Donnelley Corp. and R.H. Donnelley Inc. from December 2002 to January 2006. Mr. Swanson has been a Director of RH Donnelley Corp. and R.H. Donnelley Inc. since December 2001. Mr. Swanson serves as a Director of Dex Media West LLC, Dex Media East LLC and Dex Media Inc. He serves as a Director of R.H. Donnelley Inc.

ANNUAL COMPENSATION*
Salary $960,247
Total Annual Compensation $960,247
STOCK OPTIONS*
Restricted Stock Awards $774,732
All Other Compensation $145,138
Unexercisable Options 1,170,567
Total Number of Options 1,170,567
TOTAL COMPENSATION*
Total Annual Cash Compensation $1,392,385
Total Short Term Compensation $960,247
Other Long Term Compensation $919,870
Total Calculated Compensation $8,747,562

After all the talk this week about capping executive compensation of companies that received bail-out monies, I thought it might be interesting to see what the annual compensation was for CEO’s of two of the “non-telco” yellow pages publishers. Honestly, I am not supporting caps on compensation, but I do feel like performance, earnings, and benchmarking is something that should be used to determine pay. Most companies use a compensation committee on the Board of Directors to determine pay. So it is usually a network of “friends” that helps determine the pay of many United States CEOs.

So you ask… why post this? A good friend and former co-worker of mine made a comment about CEO pay and I thought I would take a moment to research it further.  Cheers!


Kaitlyn… which one of these cars is the fastest streetcar in Dallas? Who is the fastest SEO?

October 24, 2009

I love fast cars.

I love the GM LS1 Engine Series and Platform

I even started the Group on LinkedIn.com

Kaitlyn...which one is the fastest streetcar? C5Vette.Srt-8.o... on Twitpic

My wife was stoked the day she found out her 4 DOOR 425hp Charger SRT-8 was faster than my (Mother’s former) Magnetic Red Metallic 2004 Corvette C5. Still doesn’t come close to my 2000 Pontiac Trans Am WS6. It has run a best of 6.19 @ 110 in the 8th mile at Texas Raceway in Kennedale Tx on 680rwhp. It made a best of 730rwhp on 200 shot nitrous pills at Real Performance Motorsports in Lewisville Tx. ” DFW’s Fastest Late Model Speed Shop” on nitrous and 460rwhp with an all-motor tune.  I have had the car for about 3 years now. It is a blast to drive. I have been “optimizing” it as a true enthusiast.

dfw fastest streetcar,webformance,high performance,trans am,drag racing,408 trans am
Engine Modifications:

408ci LQ9 (Escalade) LS1 Iron Block

4.00 Eagle Crankshaft

LS3 / L92 Heads

RPM Custom 236/248 Camshaft

GMPP Carb Intake modified by Aaron @ IntakeElbows.com

60lb per hr Fuel Injectors

NX Gemini Nitrous Plate (200-400hp)

Driveline:

TH400 A3 GM transmission

Vigilante 3600 stall Nitrous Converter

9 inch Moser (Ford) rearend w/ 3.89 gear (full spool)

Ratchet Shifter

I will be at Texas Raceway tomorrow for the Fall Cruise. See you there!

Updated videos from the cruise….

PhotobucketPhotobucket

a few other pics I shared via twitpic-logo

Kaitlyn's favorite set of monkeybars. she is so cool. #COOLCH... on Twitpic

My Co-Pilots.....not the beer though. Go Texas Tech. Racing i... on Twitpic

Expert detail work by Cody in the Dallas Tx area... call 817-... on Twitpic

Anyone want to go for a quick little race? Outside watching k... on Twitpic

A friend of mine Jeff Swope and I came up with the branding for Webformance Inc.

A friend of mine Jeff Swope and I came up with the branding for Webformance Inc.


Google 10-pack is killing the Online Yellow Pages: A closer look at Superpages, Yellowpages.com, CitySearch Traffic

October 24, 2009

Why is it when you speak with a representative from Idearc Media about traffic from Superpages.com’s network they state “Superpages is the #1 online yellow pages”. Yet the other day I spoke to a client’s AT&T Yellow Pages rep who said that the purchase of YP.com put AT&T on the top of all Interactive Yellow Pages sites (I completely disagree since I include map based search sites like Google Local Listings in the same category).

It is obvious that ambiguity exits in this discussion. It is also apparent that the traffic is on a decline and if you look at where the traffic to IYP sites stem from they are extremely prone to losing traffic to changes in Google’s algorithm.

I posted earlier about the IYP networks losing page views from the increase in local map display on Google’s page results.

According to Alexa.com:

6 Month Comparison of Superpages.com, Yellowpages.com, CitySearch.com, Local.com and Switchboard.com

6 Month Comparison of Superpages.com, Yellowpages.com, CitySearch.com, Local.com and Switchboard.com

What is obvious is: As local internet search traffic and references increases you will not see a comparable increase going forward for local interactive yellow pages sites.  Take a further look at this information:


The Government Can by Tim Hawkins via YouTube

October 20, 2009

After watching the news this morning on the Healthcare Reform progress that is taking place “behind closed doors”, I found this video on YouTube and wanted to share it. Tim Hawkins is very funny. This video does not focus on the stupid 2-party system, it simply implies that we rely too much on the Government. Let me know what you think!


Who printed the first telephone directory?

October 11, 2009

First (yellow pages) phone book ever published

First (yellow pages) phone book ever published

The R. H. Donnelley Company claims to have published the first telephone “book” when it was founded in 1886 by Reuben Hamilton Donnelley (the son of Richard Robert Donnelley) as The Chicago Directory Company. Donnelley primarily contracted with The Chicago Telephone Company to publish telephone directories for Chicago Telephone customers. In 1906, however, Donnelley would venture outside Chicago, contracting with Bell System firms such as New York Telephone, Wisconsin Telephone, and Cincinnati Suburban Telephone Co.

In 1917, The Reuben H. Donnelley Company was incorporated and moved to New York City, retaining some offices in Chicago. In 1925, Donnelley died, leaving behind his company which continued to contract with the Bell System to publish telephone directories.

In 1961, Dun & Bradstreet Corp. traded stock with RHD, and RHD became a wholly owned subsidiary.


ATT wants to stop printing white pages and What is going on with Superpages.com, YellowPages.com, and CitySearch Traffic? IYP’s on decline…..

October 9, 2009

IYP traffic is on decline due to Google Local Business Listings

IYP traffic is on decline due to Google Local Business Listings

Well…. doesn’t sound like things are not going well with print either when even AT&T is asking to stop printing phone books.

The company should save some coin by going to a Yellow Pages only product… hopefully they do make the change and they get rid of the free listings in the yellow pages at the same time.

In the meantime, we need to start asking serious questions about the research tactics of yellow pages. It is obvious that the companies have the yellow pages industry association and Dennis Fromholzer of CRM Associates ( a company that significantly benefits from industry research statistics ). If you have ever sat with an Idearc Media sales representative ask who CRM & Associates is. The company that provides the data to support yellow pages trends to sales reps. Definately the syndicated research that Verizon was begging for in its persuit of justice against Yellow Book years ago. I am still looking for the research that both parties spoke about. Meanwhile check out your phone book for the latest research dating back to 2003 from the yellow pages companies. Or you can just take a look at the actual information from your yellow pages representative. Just don’t expect to hear the truth. Just the common industry rhetoric about flooded basements. Wonder who keeps a phone book in the basement these days?