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Method of determining Fortunate 50
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The Post-Gazette Fortunate 50 was determined by reviewing the most recent proxy statements filed with the Securities and Exchange Commission by 47 publicly held companies that have headquarters in the region. The compensation of more than 100 executives was analyzed.
Compensation is based on data provided for each company's top-paid executives during its most recent fiscal year.
It includes salary, bonuses, the estimated value of stock and options awards, long-term incentive plan payments, pension benefits or deferred compensation earned and other compensation (retirement and insurance benefits, personal use of the corporate jet, automobile leases, club dues, financial counseling and other perquisites).
Compensation does not include the value of restricted stock awarded in prior years that vested in the most recent fiscal year. Nor does it include income realized in the most recent fiscal year from the exercise of stock options awarded in prior years.
Stock performance data is provided by Bloomberg and reflects dividend payments. Returns are based on each company's fiscal year.
Separate charts detailing the region's highest-paid female executives and executives who were the biggest recipients of perquisites, pension benefits and other types of compensation include executives whose total compensation was less than $3.1 million, what it took to qualify for the Fortunate 50.
A chart detailing the compensation of the highest-ranking executives at the 47 publicly held companies based in the region can be found at www.post-gazette.com.
First Published May 22, 2011 12:00 am
