S&P 500 2013 CFO COMPENSATION - Mercer · – Year-over-year data are shown on a “constant company” basis, not median-to-median – Mandatory deferrals of Short-Term Incentives

S&P 5002013 CFO COMPENSATIONAUGUST 2014

Sana Ahmedani, Ted Jarvis

MERCER 1September 10, 2014

2013 CFO CompensationContents

• Sample Description & Methodology

• Company Characteristics & Performance

• Compensation Summary

• Base Salary

• Short-Term Incentives

• Total Actual Annual Compensation

• Long-Term Incentives

• Total Direct Compensation

• Nonqualified Retirement Plan Benefits

• Appendices– List of companies– Retirement Plan Methodology and Definitions

Section #1

Sample Description & Methodology


Sample Description & Methodology

• Sample– Includes 491 companies in the S&P 500 (companies with published

compensation data for 2011-2013 as of July 1, 2014)– Data are shown both for the entire sample, S&P 100 companies (itself a

recognized index), and Other 400 companies (those companies in theS&P 500 that are not in the S&P 100)

• Methodology– Year-over-year data are shown on a “constant company” basis, not

median-to-median– Mandatory deferrals of Short-Term Incentives are included in Long-Term

Incentives– Performance awards valued on the basis of Target (when both Target

and Maximum are disclosed) or 80% of Target or Maximum (when onlyTarget or Maximum is disclosed)

Section #2

Company Characteristics & Performance


ConsumerDiscretionary

17%

Consumer Staples8%

Energy9%

Financials16%Health Care

11%

Industrials13%

InformationTechnology

13%

Materials6%

TelecommunicationServices

1%

Utilities6%

Industry BreakoutS&P 500


13%

Consumer Staples11%

Energy11%

Financials16%

Health Care11%

Industrials14%


15%

Materials4%


2%

Utilities3%

Industry BreakoutS&P 100


18%

Consumer Staples7%

Energy8%

Financials17%Health Care

11%

Industrials12%


12%

Materials7%


1%Utilities

7%

Industry BreakoutOther 400 Early Filers


$72,407

$38,275

$21,906

$12,352

$6,523

$3,585

$18,746

$8,797

$4,377

$69,892

$37,665

$20,484

$11,820

$6,267

$3,360

$18,202

$8,502

$4,164

$69,904

$38,437

$19,241

$11,288

$6,060

$3,207

$17,722

$8,203

$3,895

$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Amount (MM)

RevenueS&P 500 Companies

2011

2012

2013


7%

3%

-1%

0%

0%

0%

9%

3%

-1%

9%

2%

-2%

11%

4%

-2%

10%

3%

-2%

-4% -2% 0% 2% 4% 6% 8% 10% 12%

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Change

Revenue ChangeS&P 500 Companies

2011 - 2012 Change

2012 - 2013 Change


$11,168

$6,845

$4,107

$1,827

$1,032

$637

$3,274

$1,333

$713

$11,686

$6,239

$3,915

$1,698

$1,012

$605

$3,021

$1,258

$673

$11,900

$6,661

$3,900

$1,692

$926

$593

$2,810

$1,199

$674

$0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Amount (MM)

EBITS&P 500 Companies

2011

2012

2013


13%

5%

-2%

14%

6%

-3%

14%

5%

-3%

12%

3%

-8%

15%

5%

-5%

14%

4%

-6%

-10% -5% 0% 5% 10% 15% 20%

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Change

EBIT ChangeS&P 500 Companies

2011 - 2012 Change

2012 - 2013 Change


10%

12%

11%

11%

15%

14%

24%

24%

24%

5%

6%

6%

5%

8%

7%

16%

16%

16%

1%

1%

1%

0%

0%

0%

9%

8%

8%

-5% 0% 5% 10% 15% 20% 25% 30%

S&P 100

Other 400

S&P 500

S&P 100

Other 400

S&P 500

S&P 100

Other 400

S&P 500

3-yr

Reve

nue

Gro

wth

3-yr

EBIT

Gro

wth

3-yr

TSR

Long-term Financial PerformanceS&P 500 Companies

25th %ile

Median

75th %ile

Section #3

Compensation Summary


98%

94%

100%

99%

94%

100%

99%

94%

100%

99%

90%

100%

98%

96%

100%

99%

95%

100%

99%

92%

100%

98%

93%

100%

98%

93%

100%

84% 86% 88% 90% 92% 94% 96% 98% 100%

LTI

STI Payout

Base Salary

LTI

STI Payout

Base Salary

LTI

STI Payout

Base Salary

S&P

100

Oth

er40

0S&

P50

0Prevalence of Pay Components

CFO

2011

2012

2013


17%

16%

16%

23%

24%

24%

22%

22%

22%

20%

20%

19%

21%

22%

22%

21%

21%

21%

64%

65%

66%

56%

56%

56%

58%

58%

58%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2013

2012

2011

2013

2012

2011

2013

2012

2011

S&P

100

Oth

er40

0S&

P50

0Pay Mix

CFO

Base Salary

STI

LTI

Section #4

Base Salary


$904

$775

$665

$672

$571

$490

$734

$600

$500

$865

$715

$640

$650

$551

$475

$700

$578

$500

$855

$724

$623

$627

$543

$460

$690

$561

$479

$0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Amount (000s)

Base SalaryCFO

2011

2012

2013


6%

3%

0%

7%

3%

0%

7%

3%

0%

7%

3%

0%

8%

3%

0%

7%

3%

0%

0% 1% 2% 3% 4% 5% 6% 7% 8%

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Change

Base Salary ChangeCFO

2011 - 2012 Change

2012 - 2013 Change

Section #5

Short-Term Incentives


$1,515

$1,066

$775

$857

$591

$399

$986

$651

$425

$1,442

$1,000

$693

$783

$532

$360

$901

$579

$392

$1,393

$971

$680

$765

$544

$380

$919

$594

$420

$0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Amount (000s)

Actual Short-term IncentivesCFO

2011

2012

2013


17%

4%

-17%

42%

7%

-16%

38%

6%

-16%

22%

0%

-15%

30%

0%

-28%

29%

0%

-26%

-40% -30% -20% -10% 0% 10% 20% 30% 40% 50%

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Change

Actual STI ChangeCFO

2011 - 2012 Change

2012 - 2013 Change


$1,070

$864

$644

$650

$491

$400

$725

$530

$417

$1,031

$794

$598

$620

$477

$368

$684

$518

$398

$985

$770

$542

$585

$446

$350

$668

$481

$369

$0 $200 $400 $600 $800 $1,000 $1,200

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Amount (000s)

Target Short-term IncentivesCFO

2011

2012

2013


125%

100%

90%

100%

85%

75%

100%

90%

75%

125%

100%

90%

100%

85%

75%

100%

90%

75%

125%

100%

83%

100%

80%

70%

100%

85%

75%

0% 20% 40% 60% 80% 100% 120% 140%

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

% of Salary

Target STI (% of Salary)CFO

2011

2012

2013


144%

115%

94%

141%

112%

84%

142%

113%

87%

153%

117%

95%

140%

104%

81%

145%

107%

84%

160%

130%

99%

150%

118%

86%

152%

120%

88%

0% 20% 40% 60% 80% 100% 120% 140% 160% 180%

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0Actual STI as a Percent of Target

CFO

2011

2012

2013

Section #6

Total Actual Annual Compensation


$2,319

$1,750

$1,365

$1,495

$1,131

$886

$1,657

$1,221

$934

$2,262

$1,649

$1,254

$1,379

$1,076

$843

$1,510

$1,148

$886

$2,217

$1,664

$1,212

$1,333

$1,070

$838

$1,520

$1,125

$878

$0 $500 $1,000 $1,500 $2,000 $2,500

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Amount (000s)

Total Actual Cash CompensationCFO

2011

2012

2013


16%

6%

-6%

23%

6%

-6%

22%

6%

-6%

20%

3%

-6%

19%

2%

-13%

19%

3%

-11%

-20% -15% -10% -5% 0% 5% 10% 15% 20% 25%

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Change

Actual TCC ChangeCFO

2011 - 2012 Change

2012 - 2013 Change

Section #7

Long-Term Incentives


$5,152

$3,550

$2,501

$2,306

$1,548

$1,012

$2,848

$1,835

$1,127

$4,602

$3,392

$2,324

$2,220

$1,504

$943

$2,682

$1,773

$1,094

$5,397

$3,593

$2,258

$2,258

$1,461

$896

$2,664

$1,661

$1,032

$0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Amount (000s)

Long-term IncentivesCFO

2011

2012

2013


24%

5%

-8%

30%

4%

-11%

30%

4%

-11%

12%

-2%

-16%

28%

2%

-16%

26%

1%

-16%

-20% -10% 0% 10% 20% 30% 40%

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Change

Actual LTI ChangeCFO

2011 - 2012 Change

2012 - 2013 Change


23%

27%

47%

25%

29%

45%

25%

28%

45%

25%

28%

45%

29%

28%

41%

28%

28%

42%

31%

27%

41%

35%

28%

35%

34%

28%

37%

0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%

Options

RSUs, Cash

PSUs

Options

RSUs, Cash

PSUs

Options

RSUs, Cash

PSUs

S&P

100

Oth

er40

0S&

P50

0LTI Vehicle Prevalence

CFO

2011

2012

2013


2%

5%

6%

7%

4%

5%

6%

7%

8%

4%

5%

7%

4%

6%

7%

10%

6%

4%

8%

8%

7%

9%

8%

6%

5%

5%

5%

9%

11%

15%

8%

10%

13%

22%

21%

22%

16%

16%

16%

18%

17%

17%

15%

15%

17%

20%

19%

14%

19%

18%

14%

34%

39%

41%

35%

33%

33%

35%

35%

34%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2013

2012

2011

2013

2012

2011

2013

2012

2011

S&P

100

Oth

er40

0S&

P50

0Prevalence of LTI Vehicle Combinations

CFO

Options Only

RSUs Only

PSUs Only

Options + RSUs

Options + PSUs

RSUs + PSUs

Options + RSUs + PSUs


46%

49%

54%

37%

40%

48%

28%

33%

37%

54%

51%

46%

43%

43%

40%

31%

28%

27%

63%

60%

52%

57%

57%

60%

41%

39%

36%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2013

2012

2011

2013

2012

2011

2013

2012

2011

2013

2012

2011

Opt

ions

+RS

Us

Opt

ions

+PS

Us

RSU

s+PS

Us

Opt

ions

+RS

Us+

PSU

sLTI Mix - S&P 500

CFO

Options

RSUs

PSUs

Section #8

Total Direct Compensation


$7,813

$5,435

$3,989

$3,741

$2,788

$2,048

$4,448

$3,131

$2,198

$7,248

$5,151

$3,675

$3,445

$2,616

$1,939

$4,159

$2,909

$2,133

$8,030

$5,439

$3,543

$3,523

$2,550

$1,856

$4,017

$2,838

$1,980

$0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Amount (000s)

Total Direct CompensationCFO

2011

2012

2013


23%

6%

-5%

25%

7%

-6%

24%

7%

-6%

11%

-1%

-11%

23%

2%

-13%

21%

2%

-13%

-20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 30%

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

75th %ile

Median

25th %ile

S&P

100

Oth

er40

0S&

P50

0

Change

Actual TDC ChangeCFO

2011 - 2012 Change

2012 - 2013 Change

Section #10

CFO vs CEO Compensation


CFO Compensation as a % of CEO CompensationMedians*

Base Salary STI TCC2013 2012 2011 2013 2012 2011 2013 2012 2011

S&P 100 56% 55% 54% 37% 36% 33% 44% 44% 40%Other 400 55% 53% 53% 34% 36% 34% 43% 43% 42%S&P 500 55% 54% 53% 35% 36% 34% 43% 43% 42%

LTI TDC2013 2012 2011 2013 2012 2011

S&P 100 34% 31% 31% 37% 35% 35%Other 400 28% 29% 28% 33% 34% 33%S&P 500 30% 29% 29% 34% 34% 33%

*Represents median CFO-to-CEO ratio (i.e., company-weighted)

Section #11

Appendix – Sample Companies


S&P 1003M Co. Coca-Cola Co. Hewlett-Packard Co. Philip Morris International Inc.Abbott Laboratories Colgate-Palmolive Co. Home Depot Inc. Procter & Gamble Co.Accenture Plc. Comcast Corp. Honeywell International Inc. Qualcomm Inc.Allstate Corp. ConocoPhillips Intel Corp. Raytheon Co.Altria Group Inc. Costco Wholesale Corp. International Business Machines Corp.Schlumberger Ltd.Amazon.com Inc. CVS Caremark Corp. Johnson & Johnson Simon Property Group Inc.American Electric Power Company Inc. Devon Energy Corp. JPMorgan Chase & Co. Southern Co.American Express Co. Dow Chemical Co. Lockheed Martin Corp. Starbucks Corp.American International Group Inc. Dupont E.I. de Nemours & Co. Lowe's Companies Inc. Target Corp.Amgen Inc. eBay Inc. MasterCard Inc. Texas Instruments Inc.Anadarko Petroleum Corp. Eli Lilly & Co. McDonald's Corp. Time Warner Inc.Apache Corp. EMC Corp. Medtronic Inc. Twenty-First Century Fox Inc.Apple Inc. Emerson Electric Co. Merck & Co. Union Pacific Corp.AT&T Inc. Exelon Corp. MetLife Inc. United Parcel Service Inc.Bank of America Corp. Exxon Mobil Corp. Microsoft Corp. United Technologies Corp.Bank of New York Mellon Corp. FedEx Corp. Mondelez International Inc. UnitedHealth Group Inc.Baxter International Inc. Ford Motor Co. Monsanto Co. US Bancorp.Berkshire Hathaway Inc. Freeport-McMoRan Copper & Gold Inc. Morgan Stanley Verizon Communications Inc.Boeing Co. General Dynamics Corp. * National Oilwell Varco Inc. Visa Inc.Bristol-Myers Squibb Co. General Electric Co. NIKE Inc. Walgreen Co.Capital One Financial Corp. General Motors Co. Norfolk Southern Corp. Wal-Mart Stores Inc.Caterpillar Inc. Gilead Sciences Inc. Occidental Petroleum Corp. Walt Disney Co.Chevron Corp. Goldman Sachs Group Inc. Oracle Corp. Wells Fargo & Co.Cisco Systems Inc. Google Inc. PepsiCo Inc. Williams Companies Inc.Citigroup Inc. Halliburton Co. Pfizer Inc.


Other 400ACE Ltd. Apartment Investment & Management Co. Brown-Forman Cintas Corp.Actavis Inc. Applied Materials Inc. C. R. Bard Inc. Citrix Systems Inc.Adobe Systems Inc. Archer Daniels Midland Co. C.H. Robinson Worldwide Inc. Cliffs Natural Resourses Inc.AES Corp. Assurant Inc. CA Inc. Clorox Co.Aetna Inc. Autodesk Inc. Cablevision Systems Corp. CME Group Inc.Aflac Inc. Automatic Data Processing Inc. Cabot Oil & Gas Corp. CMS Energy Corp.Agilent Technologies Inc. AutoNation Inc. Cameron International Corp. Coach Inc.AGL Resources Inc. Autozone Inc. Campbell Soup Co. Coca-Cola Enterprises Inc.Air Products & Chemicals Inc. AvalonBay Communities Inc. Cardinal Health Inc. Cognizant Technology Solutions Corp.Airgas Inc. Avery Dennison Corp. CareFusion Corp. Comerica Inc.Akamai Technologies Inc. Avon Products Inc. Carmax Inc. Computer Sciences Corp.Alcoa Inc. Baker Hughes Inc. Carnival Corp. Conagra Foods Inc.Alexion Pharmaceuticals Inc. Ball Corp. CBRE Group Inc. Consol Energy Inc.Allegheny Technologies Inc. BB&T Corp. CBS Corp. Consolidated Edison Inc.Allergan Inc. Beam Inc. Celgene Corp. Constellation Brands Inc.Alliance Data Systems Becton Dickinson & Co. CenterPoint Energy Inc. Corning Inc.Altera Corp. Bed Bath & Beyond Inc. Centurylink Inc. Covidien Plc.Ameren Corp. Bemis Company Inc. Cerner Corp. Crown Castle International Corp.American Tower Corp. Best Buy Company Inc. CF Industries Holdings Inc. CSX Corp.Ameriprise Financial Inc. Biogen Idec Inc. Charles Schwab Corp. Cummins Inc.AmerisourceBergen Corp. BlackRock Inc. Chesapeake Energy Corp. D.R. Horton Inc.Ametek Inc. Borgwarner Inc. Chipotle Mexican Grill Inc. Danaher Corp.Amphenol Corp. Boston Properties Inc. Chubb Corp. Darden Restaurants Inc.Analog Devices Inc. Boston Scientific Corp. Cigna Corp. DaVita Healthcare Partners Inc.Aon Plc. Broadcom Corp. Cincinnati Financial Corp. Deere & Co.


Other 400 - ContinuedDelphi Automotive PLC EOG Resources Inc. GameStop Corp. Humana Inc.Delta Air Lines Inc. EQT Corp. Gannett Company Inc. Huntington Bancshares Inc.Denbury Resources Inc. Equifax Inc. Gap Inc. Illinois Tool Works Inc.Dentsply International Inc. Equity Residential Garmin Ltd. INGERSOLL-RAND PLCDiamond Offshore Drilling Inc. Estee Lauder Companies Inc. General Growth Properties Inc. Integrys Energy Group Inc.DIRECTV Expedia Inc. General Mills Inc. IntercontinentalExchange Inc.Discover Financial Services Expeditors International of Washington Inc. Genuine Parts Co. International Flavors & Fragrances Inc.Discovery Communications Inc. Express Scripts Holdings Co. Genworth Financial Inc. International Game TechnologyDollar General Corp. F5 Networks Inc. Goodyear Tire & Rubber Co. International Paper Co.Dollar Tree Inc. Family Dollar Stores Inc. Graham Holdings Co. Interpublic Group of Companies Inc.Dominion Resources Inc. Fastenal Co. H&R Block Inc. Intuit Inc.Dover Corp. Fidelity National Information Services Inc. Harley-Davidson Inc. Intuitive Surgical Inc.Dr Pepper Snapple Group Inc. Fifth Third Bancorp Harman International Industries Inc. Invesco Ltd.DTE Energy Co. First Solar Inc. Harris Corp. Iron Mountain Inc.Duke Energy Corp. FirstEnergy Corp. Hartford Financial Services Group Inc.J.M. Smucker Co.Dun & Bradstreet Corp. Fiserv Inc. Hasbro Inc. Jabil Circuit Inc.E Trade Financial Corp. FLIR Systems Inc. HCP Inc. Jacobs Engineering Group Inc.Eastman Chemical Co. Flowserve Corp. Health Care REIT Inc. Johnson Controls Inc.Eaton Corporation PLC Fluor Corp. Helmerich & Payne Inc. Joy Global Inc.Ecolab Inc. FMC Corp. Hershey Co. Juniper Networks Inc.Edison International FMC Technologies Inc. Hess Corp. Kansas City SouthernEdwards LifeSciences Corp. Forest Laboratories Inc. Hormel Foods Corp. Kellogg Co.Electronic Arts Inc. Fossil Group Inc. Hospira Inc. KeyCorp.Ensco Plc Franklin Resources Inc. Host Hotels & Resorts Inc. Kimberly-Clark Corp.Entergy Corp. Frontier Communications Corp. Hudson City Bancorp Inc. Kimco Realty Corp.


Other 400 - ContinuedKinder Morgan Inc. Marriott International Inc. Newmont Mining Corp. People's United Financial Inc.KLA-Tencor Corp. Marsh & McLennan Companies Inc. News Corp. Pepco Holdings Inc.Kohl's Corp. Masco Corp. NextEra Energy Inc. Perkinelmer Inc.Kraft Foods Group Inc. Mattel Inc. Nielsen Holdings N.V. Perrigo Co.Kroger Co. McCormick & Company Inc. NiSource Inc. PetSmart Inc.L-3 Communications Holdings Inc. McGraw-Hill Financial Inc. Noble Corp. PG&E Corp.Laboratory Corporation of America HoldingsMcKesson Corp. Noble Energy Inc. Pinnacle West Capital Corp.Lam Research Corp. Mead Johnson Nutrition Co. Nordstrom Inc. Pioneer Natural Resources Co.Legg Mason Inc. MeadWestvaco Corp. Northeast Utilities Pitney Bowes Inc.Leggett & Platt Inc. Microchip Technology Inc. Northern Trust Corp. Plum Creek Timber Company Inc.Lennar Corp. Micron Technology Inc. Northrop Grumman Corp. PNC Financial Services Group Inc.Leucadia National Corp. Mohawk Industries NRG Energy Inc. PPG Industries Inc.Life Technologies Corp. Molson Coors Brewing Co. Nucor Corp. PPL Corp.Limited Brands Inc. Monster Beverage Corp. Nvidia Corp. Praxair Inc.Lincoln National Corp. Moody's Corp. Omnicom Group Inc. Precision Castparts Corp.Linear Technology Corp. Mosaic Co. Oneok Inc. Priceline.com Inc.Loews Corp. Motorola Solutions Inc. O'Reilly Automotive Inc. Principal Financial Group Inc.Lorillard Inc. Murphy Oil Corp. Owens-Illinois Inc. Progressive Corp.LSI Corp. Mylan Inc. Paccar Inc. Prologis Inc.Lyondellbasell Industries N.V. Nabors Industries Ltd. Pall Corp. Prudential Financial Inc.M&T Bank Corp. NASDAQ OMX Group Inc. Parker-Hannifin Corp. Public Service Enterprise Group Inc.Macerich Co. NetApp Inc. Patterson Companies Inc. Public StorageMacy's Inc. Netflix Inc. Paychex Inc. PulteGroup Inc.Marathon Oil Corp. Newell Rubbermaid Inc. Peabody Energy Corp. PVH Corp.Marathon Petroleum Corp. Newfield Exploration Co. Pentair Ltd. QEP Resources Inc.


Other 400 - ContinuedQuanta Services Inc. Sigma-Aldrich Corp. Time Warner Cable Inc. Western Union Co.Quest Diagnostics Inc. SLM Corp. TJX Companies Inc. Weyerhaeuser Co.Ralph Lauren Corp. Snap-On Inc. Total System Services Inc. Whirlpool Corp.Range Resources Corp. Southwest Airlines Co. Transocean Ltd Whole Foods Market Inc.Red Hat Inc. Southwestern Energy Co. Travelers Companies Inc. Windstream Corp.Regeneron Pharmaceuticals Inc. Spectra Energy Corp. Tripadvisor Inc. Wisconsin Energy Corp.Regions Financial Corp. St. Jude Medical Inc. Tyco International Ltd. Wyndham Worldwide Corp.Republic Services Inc. Stanley Black & Decker Inc. Tyson Foods Inc. Wynn Resorts Ltd.Reynolds American Inc. Staples Inc. United States Steel Corp. Xcel Energy Inc.Robert Half International Inc. Starwood Hotels & Resorts Worldwide Inc. Unum Group Xerox Corp.Rockwell Automation Inc. State Street Corp. Urban Outfitters Inc. Xilinx Inc.Rockwell Collins Inc. Stericycle Inc. Valero Energy Corp. XL Group PLCRoper Industries Inc. Stryker Corp. Varian Medical Systems Xylem Inc.Ross Stores Inc. SunTrust Banks Inc. Ventas Inc. Yahoo Inc.Rowan Companies Inc. Symantec Corp. VeriSign Inc. Yum! Brands Inc.Ryder System Inc. Sysco Corp. Vertex Pharmaceuticals Inc. Zimmer Holdings Inc.Safeway Inc. T. Rowe Price Group Inc. VF Corp. Zions BancorporationSalesforce Com Inc. TE Connectivity Ltd. Viacom Inc.SanDisk Corp. TECO Energy Inc. Vornado Realty TrustScana Corp. Tenet Healthcare Corp. Vulcan Materials Co.Scripps Networks Interactive Inc. Teradata Corp. W.W. Grainger Inc.Seagate Technology PLC Tesoro Corp. Waste Management Inc.Sealed Air Corp. Textron Inc. Waters Corp.Sempra Energy Thermo Fisher Scientific Inc. Wellpoint Inc.Sherwin-Williams Co. Tiffany & Co. Western Digital Corp.

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S&P 500 2013 CFO COMPENSATION - Mercer · – Year-over-year data are shown on a “constant company” basis, not median-to-median – Mandatory deferrals of Short-Term Incentives