6/14/2011 12:06:00 AM
HEADLINES
3 Executives With Major Fastener Business Among Chicago’s “Fortunate 100” in Compensation
ITW CEO David Speer
The Crain’s Chicago Business list of the “Fortunate 100” includes three executives with fastener divisions.
• David Speer, CEO of Illinois Tool Works Inc., placed 15th with 2010 compensation totaling $11.1 million. Speer’s total take was up 6.7% from 2009.
ITW consolidated revenue gained 14.4% over 2009 to reach $15.9 billion for 2010.
• W.W. Grainger CEO James Ryan was in 32nd place at $7.6 million – up 52.8% from 2009.
Grainger sales jumped 15.4% for 2010 to $7.18 billion.
Grainger’s 2010 sales – including fasteners – rose 15.4% from 2009 to $7.18 billion.
• Anixter International CEO Robert Eck was 57th out of 100 with 2010 compensation totaling $3.98 million – up 48.3%.
Anixter’s OEM Supply sales, which include Anixter Fasteners, grew 13% during over 2009 .
Chicago’s top paid CEO was Miles White of Abbott Laboratories, despite being down 2.5% to $25.6 million. Runners-up were Caterpillar CEO James Owens ($22.5 million) and Aon Corp CEO Gregory Case ($20.8 million).
The Crain’s list is based on total value of 2010 compensation, including base salary, annual bonus and non-equity incentive plans.
Crain’s reported the 2010 median CEO salary rose 32% from 2009 to $3.29 million. Web: ChicagoBusiness.com
Editor’s Note: For information on 2010 results for the 19 North American fastener stocks, click on FIN Stock Review at GlobalFastenerNews.com.
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