Remember folks, add three zeros at the end of the figures below. For example no.2 on the list, Barry Sternlicht, earned 1 million in Salary, a 2.2 million bonus plus other goodies for a total compensation of $16.9 million for the year ending 2002. Remember how much they make next time they cry poverty, austerity or contingency!
CEOs Ranked By Total Compensation Source: HVS Executive Search
| PAY RANK |
CEO | COMPANY | SALARY ($K) |
BONUS ($K) |
OTHER ($K) 2 |
LONG-TERM
STOCK GRANTS ($K) 3 |
TOTAL ($K) |
VALUE
OF IN-THE- MONEY OPTIONS ($K) 4 |
HVS
VALUE INDEX 5 |
| 1 | Silverman, Henry R. | Cendant | 3,142 | 4,715 | 4,120 | 45,920 | 57,897 | 255,034 | 97.1 |
| 2 | Sternlicht, Barry S. | Starwood Hotels & Resorts | 1,000 | 2,210 | 122 | 13,603 | 16,934 | 41,427 | 100.4 |
| 3 | Petrocelli, A.F. | Prime Hospitality Corporation | 700 | 700 | 9 | 12,230 | 13,639 | 14,886 | 97.5 |
| 4 | Espalioux, Jean-Marc | Accor | 1,520 | 0 | 0 | 9,995 | 11,514 | 0 | 100.9 |
| 5 | Fatt, W.R. | Fairmont | 360 | 1,001 | 1,571 | 7,120 | 10,052 | 2,939 | 102.1 |
| 6 | Reed, Colin V. | Gaylord Entertainment | 448 | 196 | 573 | 7,131 | 8,348 | 0 | 95.4 |
| 7 | Marriott, Jr., J. W. | Marriott Intl, Inc. | 761 | 0 | 180 | 6,620 | 7,561 | 67,884 | 104.2 |
| 8 | Davis, John F. | Pegasus Solutions Inc. | 400 | 135 | 18 | 4,595 | 5,148 | 6,066 | 95.2 |
| 9 | Arison, M. Micky | Carnival | 501 | 1,675 | 72 | 2,772 | 5,020 | 386 | 91.5 |
| 10 | Johnson Jr., George D. | Extended StayAmerica | 0 | 0 | 29 | 4,640 | 4,668 | 21,868 | 104.8 |
| 11 | Kleisner, Fred J. | Wyndham International | 656 | 497 | 37 | 3,045 | 4,235 | 0 | 77.6 |
| 12 | Nassetta, Christopher J. | Host Marriott | 625 | 795 | 69 | 2,587 | 4,075 | 0 | 92.4 |
| 13 | Houssian, Joe S. | Intrawest Corp. | 425 | 0 | 36 | 2,596 | 3,057 | 11,496 | 103.5 |
| 14 | Clarke, Tim | Six Continents Plc | 720 | 313 | 32 | 1,621 | 2,686 | 0 | 97.4 |
| 15 | Bortz, Jon E. | LaSalle Hotel Properties | 278 | 628 | 7 | 1,746 | 2,659 | 409 | 118.7 |
| 16 | Solmson, Robert M. | RFS | 285 | 195 | 0 | 1,722 | 2,202 | 5 | 105.6 |
| 17 | Aron, Adam N. | Vail Resorts, Inc. | 672 | 540 | 34 | 936 | 2,182 | 53 | 95.9 |
| 18 | Huizenga, Wayne H. | Boca Resorts | 0 | 0 | 0 | 2,173 | 2,173 | 2,734 | 122.2 |
| 19 | Whetsell, Paul W. | Meristar Hospitality Corporation | 285 | 0 | 622 | 1,250 | 2,157 | 0 | 101.2 |
| 20 | Rummell, Peter S. | St Joe Co | 685 | 1,400 | 24 | 0 | 2,109 | 42,682 | 105.6 |
| 21 | Bollenbach, Stephen | Hilton Hotels | 1,000 | 900 | 205 | 0 | 2,105 | 0 | 79.9 |
| 22 | Tisch, Jonathan M.** | Loews Hotels | 993 | 0 | 8 | 573 | 1,574 | 696 | 98.4 |
| 23 | Ledsinger, Charles A. | Choice Hotels International | 577 | 358 | 16 | 611 | 1,562 | 6,930 | 192.6 |
| 24 | Goff, John C. | Crescent Real Estate Equites | 750 | 750 | 55 | 0 | 1,555 | 1,850 | 98.4 |
| 25 | Cash, Francis W. | La Quinta Corp. | 800 | 566 | 5 | 0 | 1,371 | 0 | 43.8 |
| 26 | Sharp, Isadore | Four Seasons* | 1,042 | 234 | 1 | 0 | 1,278 | 0 | 175.5 |
| 27 | Corcoran, Thomas Jr. | Felcor Lodging Trust | 412 | 60 | 16 | 724 | 1,212 | 0 | 97.4 |
| 28 | Wardinksi, Bruce D. | Crestline Capital Corp*** | 630 | 504 | 28 | 0 | 1,162 | 17,923 | 174.6 |
| 29 | Hewitt, Thomas F. | Interstate Hotels Corp. | 390 | 500 | 142 | 31 | 1,064 | 0 | 66.9 |
| 30 | Michels, David, M.C. | Hilton Group Plc | 768 | 269 | 0 | 0 | 1,038 | 0 | 96.8 |
| 31 | Eisner, Michael D. | Walt Disney | 1,000 | 0 | 4 | 0 | 1,004 | 0 | 88.9 |
| 32 | Boykin, Robert W. | Boykin Lodging Co. | 350 | 0 | 154 | 420 | 925 | 558 | 87.5 |
| 33 | Litman, David | Hotels.com | 250 | 506 | 31 | 0 | 786 | 3,875 | 153.9 |
| 34 | DeBoer, Jack | Candlewood Hotel Company Inc. | 390 | 0 | 5 | 347 | 742 | 0 | 23.9 |
| 35 | Marcus, Stephen H. | Marcus | 440 | 270 | 7 | 0 | 717 | 0 | 86.3 |
| 36 | Moore, Leon | Sholodge | 500 | 200 | 0 | 0 | 700 | 0 | 89.1 |
| 37 | Levine, David L. | ResortQuest | 325 | 81 | 0 | 151 | 557 | 0 | 8.4 |
| 38 | Donovan, George P. | Bluegreen Corp | 450 | 0 | 83 | 0 | 533 | 0 | 7.4 |
| 39 | McNeill, Phillip H. | Equity Inns | 300 | 94 | 41 | 62 | 497 | 0 | 63.3 |
| 40 | Holtz, Michael P. | Arlington Hospitality | 325 | 0 | 23 | 135 | 483 | 28 | 44.1 |
| 41 | Kirscher, David E. | Suburban Lodges of America | 350 | 100 | 3 | 0 | 453 | 165 | 105.2 |
| 42 | Hammons, John Q. | John Q. Hammons | 315 | 110 | 0 | 0 | 425 | 75 | 189.8 |
| 43 | Sonnabend, Roger P. | Sonesta International | 418 | 0 | 0 | 0 | 418 | 0 | 164.8 |
| 44 | Fair, William J. | American Skiing Co. | 300 | 70 | 5 | 0 | 375 | 0 | 0.1 |
| 45 | Martori, Joseph P. | ILX Resorts Inc. | 290 | 65 | 0 | 0 | 355 | 0 | 191.1 |
| 46 | Fisher, Jeffrey H. | Innkeepers USA | 319 | 0 | 0 | 0 | 319 | 8 | 91.8 |
| 47 | Schermer Jr, Robert E. | Meritage Hospitality Group Inc. | 151 | 35 | 0 | 131 | 316 | 256 | 170.9 |
| 48 | Winston, Robert W. III | Winston Hotels, Inc. | 240 | 0 | 0 | 71 | 311 | 0 | 150.9 |
| 49 | Beck, Louis S. | Janus Hotels & Resorts | 275 | 0 | 2 | 0 | 277 | 0 | 6.6 |
| 50 | Barbieri, Donald K. | Westcoast Hospitality | 167 | 0 | 7 | 71 | 245 | 0 | 2.5 |
| 51 | Bellringer, Stephen T. | Canadian Hotel Income Properties | 208 | 0 | 0 | 0 | 208 | 0 | 187 |
| 1) Minimum of $100,000 in total compensation to be included | |||||||||
| 2) "Other" includes other annual compensation, restricted stock awards and LTIPS; | |||||||||
| 3) "Long Term Stock Grants" is the Black-Scholes value of stock options granted in 2001: | |||||||||
| 4) "Value of In-The-Money Options" includes both exercisable and unexercisable options; | |||||||||
| 5) "HVS Pay-For-Performance Index" is based on an average of 100.0, must be CEO for one year to receive rating | |||||||||
| Stock market data provided by Smart Money and based on years ending December 31,1998-2001 | |||||||||
| *Converted from Canadian to US Dollars | |||||||||
| **A portion of Mr. Tisch's compensation is earned for serving in the Office of the President of Loews Corporation (parent of Loews Hotels) | |||||||||