Methodology
By Staff -- Home Textiles Today, 10/4/2004
Home Textiles Today's Executive Compensation
Report is based on data from public documents filed with the Securities and
Exchange Commission. All files are for the companies' 2003 fiscal year and
the comparable fiscal year two years prior.
For the purpose of comparability in this report, cash compensation is
defined as annual salary plus bonus plus any long-term incentive plan payouts;
it excludes other cash compensation and any form of stock options.
In this report, the value of stock options on the main table refers to
the value of options exercised in 2003, as stated in the company's proxy
statement.
The report was prepared by senior research specialist Janice Chamberlain
and database coordinator Cynthia Myers. Business editor Don Hogsett and
director of market research Kay Anderson oversaw the project.
Vendor salaries
| Top Five | |
| Thomas M. Duff, Wellman | $690,000 |
| Larry A. Liebenow, Quaker
Fabric | 673,200 |
| Jeffrey S. Lorberbaum,
Mohawk | 667,000 |
| Joseph L. Lanier, Dan River | 575,000 |
| Holcombe T. Green Jr., WestPoint
Stevens | 531,094 |
| Bottom Five | |
| Nanci Freeman, Crown
Crafts | $245,000 |
| Joseph C. Tucker, Wellman | 241,292 |
| Franklin N. Saxon, Culp | 232,875 |
| Thomas Muzekari, Quaker
Fabric | 231,540 |
| Rodney A. Smith, Culp | 200,000 |
Retail Salaries
| Top Five | |
| Robert L. Nardelli, Home
Depot | $2,000,000 |
| Robert J. Ulrich, Target | 1,571,925 |
| Eugene S. Kahn, May Dept.
Stores | 1,500,000 |
| Allen Questrom, J.C.Penney | 1,350,000 |
| James M. Zimmerman, Federated
Dept. Stores | 1,250,000 |
| Bottom Five | |
| Jack W. Busby Jr., Hancock
Fabrics | $249,615 |
| John C. Beuttell, The Bombay
Company | 230,000 |
| Lawrence V. Jackson, Dollar
General | 216,162 |
| Michael D. Ray, Stein Mart | 210,000 |
| Donald S. Shaffer, Dollar
General | 199,880 |
Vendor cash bonuses
| Top Five | |
| Jeffrey S. Lorberbaum,
Mohawk | $510,725 |
| Robert G. Culp, Culp | 353,000 |
| W. Christopher Wellborn,
Mohawk | 315,000 |
| Howard L. Dunn, Jr., Culp | 309,400 |
| M. L. (Chip) Fontenot, WestPoint
Stevens | 299,200 |
| Bottom Five | |
| William B. Kilbride,
Mohawk | $140,295 |
| Arthur S. Birkins, WestPoint
Stevens | 120,645 |
| Nanci Freeman, Crown Crafts | 99,000 |
| Franklin N. Saxon, Culp | 98,972 |
| Rodney A. Smith, Culp | 85,000 |
Retail cash bonuses
| Top Five | |
| Robert L. Nardelli, Home
Depot | $4,500,000 |
| H. Lee Scott Jr., Wal-Mart | 4,200,000 |
| Robert J. Ulrich, Target | 3,300,000 |
| Robert L. Tillman, Lowe's | 3,000,000 |
| James M. Zimmerman, Federated
Dept. Stores | 2,768,800 |
| Bottom Five | |
| Jack W. Busby Jr., Hancock
Fabrics | $66,375 |
| Dennis R. Zook, Costco | 32,898 |
| Franz E. Lazarus, Costco | 32,625 |
| G. Michael Anderson, Tuesday
Morning | 25,000 |
| Michael D. Ray, Stein Mart | 21,500 |
Retail stock options exercised
| Top Five | |
| Leonard Feinstein, Bed Bath
& Beyond | $52,824,470 |
| Warren Eisenberg, Bed Bath &
Beyond | 52,824,470 |
| R. Lawrence Montgomery,
Kohl's | 29,209,289 |
| Robert J. Ulrich, Target | 16,981,554 |
| James M. Zimmerman, Federated
Dept. Stores | 12,367,202 |
| Bottom Five | |
| F. David Coder, Linens'n
Things | $165,680 |
| Bruce E. Barkus, Family
Dollar | 137,610 |
| Terry J. Lundgren, Federated
Dept. Stores | 98,344 |
| Michael J. Hopkins, ShopKo
Stores | 85,499 |
| Donald A. Mierzwa, Big Lots | 14,875 |
Vendor stock options exercised
| Larry A. Liebenow, Quaker
Fabric | $2,216,010 |
| W. Christopher Wellborn,
Mohawk | 987,456 |
| H. Monte Thorton, Mohawk | 675,968 |
| Howard L. Dunn Jr., Culp | 578,990 |
| Robert G. Culp, Culp | 110,250 |
