What They Make
Compensation of CEOs at Virginia's public companies with annual revenue of at least $1 billion
Rank CEO
Company
Industry
($ in millions)
Fiscal 2005:
($000)
Salary/
Bonus/
Total
Total
salary/ bonus
(fiscal 2004)
% Change
from gains
previous year
Long-term compensation
($000)
Total direct compensation
($000)**
Cumulative
five-year
shareholder
return % *
Stock
option
gains
Restricted
stock
awards
LTI
payouts
1
Richard D. Fairbank (1)
Capital One Financial
Financial
2005 Revenue: $12,085
$0
$0
$0
$0
N/A $249,267
$0 $0 $249,267 32.60%
2
Dwight C. Schar (2)
NVR Inc.
Homebuilding/mortgage finance
2005 Revenue: 5,177
 2,000
(2a)
2,000
3,400
 -41.20% 61,281 0 0 63,281 468
3

Dan L. Blankenship
Massey Energy
Coal 2005
Revenue: 2,204

 1,000
11,475
12,475
1,612
 673.9 0 790 15,033 28,298 211
4
Gary Forsee
Sprint Nextel Corp.
Telecommunications
2005 Revenue: 34,680
 1,252
3,443
4,695
3,227
 45.5 9,871
 13,657 0 28,223 84.6
5
David R. Goode (3)
Norfolk Southern Corp.
Transportation
2005 Revenue: 8,527
 1,000
2,000
3,000
3,000
 0 8,941 3,746 5,772 21,459 N/A
6
Michael T. Dan
The Brink’s Co.
Security systems and services
2005 Revenue: 2,549
 992
3,123
4,115
2,312
 78 12,399 0 613 17,127 146
7
Michael D. Fraizer
Genworth Financial
Insurance
2005 Revenue: 10,504
 1,091
3,120
4,211
2,825
 49.1 6,336 1,956 0 12,503 79.4 (4)
8
Paul T. Hanrahan
AES Corp.
Energy/utilities
2005 Revenue: 11,086
 871
1,551
2,422
2,340
 3.5 4,230 1,165 3,410 11,227 NA
9
Nicholas D. Chabraja
General Dynamics
Defense
2005 Revenue: 21,244
 1,300
3,000
4,300
3,950
 8.9 89.6 5,461 0 9,851 57.7
10
Joseph Kampf
Anteon International (5)
Information technology
2005 Revenue: 1,493
 665
549
1,214
1,093
 11.1 7,843 0 0 9,057 N/A
Rank CEO
Company
Industry
($ in millions)
Fiscal 2005:
($000)
Salary/
Bonus/
Total
Total
salary/ bonus
(fiscal 2004)
% Change
from gains
previous year
Long-term compensation
($000)
Total direct compensation
($000)**
Cumulative
five-year
shareholder
return % *
Stock
option
gains
Restricted
stock
awards
LTI
payouts
11
W. Alan McCollough (6)
Circuit City Stores
Consumer electronics 2005
Revenue: 11,597
 975
1053
2,028
2,438
 -16.8 3,053 3,330 0 8,411 147
12
Thomas J. Fitzpatrick (7)
SLM Corp.
Education loans
2005 Revenue: 6,517
 682
2,625
3,307
2,700
 22.5 0 4,911 0 8,218 158
13
Richard F. Syron
Freddie Mac
Mortgage finance
2005 Revenue: 2,189
 1,100
2,200
3,300
3,600
 -8.3 0 4,821 0 8,121 3
14
Thomas E. Capps (8)
Dominon Resources
Energy/utilities
2005 Revenue: 18,041
 1,231
1,530
2,761
1,100
 151 0 3,998 0 6,759 41.3
15
Douglas H. McCorkindale (9)
Gannet Co.
Media
2005 Revenue: 7,598
 1,600
2350
3,950
4,050
 -2.5 0 1,382 0 5,332 2.8
16
Joseph W. Luter III (10)
Smithfield Foods
Consumer goods
2005 Revenue: 11,403
 850
3,826
4,676
10,710
 -56.3 0 0 0 4,676 47.1
17
Jefffrey L. McWaters
Amerigroup
Managed health care
2005 Revenue: 2,329
 650
0
650
2,007
 -67.6 4,135 0 0 4,785 129
18
Theodore L. Chandler Jr. (11)
LandAmerica Financial
Financial
2005 Revenue: 3,959
 575
1,150
1,725
951
 81.4 974 1,634 0 4,333 61
19
J. P. London
CACI International
Information technology
2005 Revenue: 1,623
 712
1,630
2,342
2,416
 -3.1 0 1,291 0 3,633 548
20
Mark C. Rohr
Albemarle Corp.
Specialty chemicals
2005 Revenue: 2, 107
 731
1,000
1,731
940
 84.1 0 0 1,291 3,022 70.8
Rank CEO
Company
Industry
($ in millions)
Fiscal 2005:
($000)
Salary/
Bonus/
Total
Total
salary/ bonus
(fiscal 2004)
% Change
from gains
previous year
Long-term compensation
($000)
Total direct compensation
($000)**
Cumulative
five-year
shareholder
return % *
Stock
option
gains
Restricted
stock
awards
LTI
payouts
21
Austin Ligon (12)
CarMax
Automotive retailing
2005 Revenue: 6,260
 783
1,181
1,964
1,154
 70.2 0 0 0 1,964 510 (12a)
22
G. Gilmer Minor III (13)
Owens & Minor
Medical/surgical supplies
2005 Revenue: 4,822
 656
331
987
1,160
 -14.9 712 135 0 1,834 69
23
Bob Sasser
Dollar Tree Stores
Specialty retail
2005 Revenue: 3,393
 689
172
861
851
 1.2 0 938 12 1,811 2.2
24
Thomas F. Hewitt (14)
Interstate Hotels and Resorts IHR
Hotel management
2005 Revenue: 1, 1162
 323
884
1,207
NA
0 0 450 0 1,657 164
25
Paul J. Klaassen (15)
Sunrise Assisted Living
Senior living services
2005 Revenue: 1,819
 474
455 (15)
474
464
 2.2 0 1,182 0 1,656 169.6
26
Michael N. Coppola (16)
Advance Auto Parts
Auto parts/accessories
2005 Revenue: 4,265
 635
771
1,406
583
 141.2 0 0 0 1,406 224
27
Robert C. Sledd
Performance Food Group
Food/grocery wholesaler
2005 Revenue: 5,721
 630
565
1,195
628
 90.3 0 120 0 1,315 N/A
28
Michael J. Quillen
Alpha Natural Resources
Coal
2005 Revenue: 1,627
 434
395
829
1,349
 -38.5 0 0 0 829 1.11
29
Thomas E. Gottwald
NewMarket Corp.
Holding company for speciality chemicals
2005 Revenue: 1, 075
 486
300
786
617
 27.4 0 0 0 786 N/A
30
Alan I. Kirshner
Markel Corp.
Insurance
2005 Revenue: 2,200
 588
150
738
1,099
 -32.8 0 0 0 738 75
Rank CEO
Company
Industry
($ in millions)
Fiscal 2005:
($000)
Salary/
Bonus/
Total
Total
salary/ bonus
(fiscal 2004)
% Change
from gains
previous year
Long-term compensation
($000)
Total direct compensation
($000)**
Cumulative
five-year
shareholder
return % *
Stock
option
gains
Restricted
stock
awards
LTI
payouts
31
Allen B. King
Universal Corp.
Tobacco
2005 Revenue: 3, 511
 708
0
708
1,313
 -46.1 0 0 0 708 10
32
K. Paul Singh
Primus Telecommunications
Telecommunications
2005 Revenue: 1, 187
 700
0
700
931
 -24.8 0 0 0 700 -67.5
33
Thomas Johnson (17)
Chesapeake Corp.
Paperboard/plastic packaging
2005 Revenue: 1, 042
 700
0
700
1,120
 -37.5 0 0 0 700 1.01

1 Fairbank opted to give up salary, cash incentives and retirement plan contributions in 2005 to receive a grant of 573,000 stock options.

2 Stepped down as CEO on June 30, 2005, but continues as chairman. 2a: Deferred $2 million in 2005 incentive compensation in accordance with NVR’s policies.

3 Stepped down as CEO in November 2005. New CEO is Wick Moorman.

4 Based on performance since May 24,2004 when public trading began for Genworth stock .

5 Acquired by General Dynamics in June 2006.

6 Retired as CEO in Febuary 2006. New CEO is Philip J. Schoonover.

7 Became CEO in June 2005.

8 Retired as CEO in December 2005. New CEO is Thomas F. Farrell II.

9 Stepped down as CEO in July 2005. New CEO is Craig Dubow.

10 Retired as CEO on Aug. 31 but continues as non-executive chairman. New CEO is C. Larry Pope.

11 Became CEO in January 2005.

12 Retired as CEO in June 2006 ; 12a Company separated from Circuit City on Oct. 1, 2001. Before that stock performance reflected information for Circuit City Stores/CarMax group common stock.

13 Stepped down as CEO in June 2005, but continues to serve as chairman.

14 Became CEO in February 2005.

15 In lieu of the bonus, Klaassen elected to receive 17,815 restricted stock units in accordance with Sunrise’s bonus deferral program for executive officers.

16 Became CEO in May 2005.

17 Johnson retired as CEO in November 2005. The new CEO is Andrew J. Kohut.

* Shareholder return based on value of $100 investment in the company’s stock five years before the end of its most recent fiscal year.

**Total direct compensation includes salary, bonus, and long-term compensation including stock option gains, restricted stock awards and longtime incentive payouts.


NOTE: Smithfield’s fiscal year ends around the first of May, so its figures are based on fiscal 2006 and 2005 for comparison purposes.

Source: Most recent proxies available from each company as of August 2006. Research by Virginia Business and SNL Financial.