* Indicates the executive is no longer CEO of the company.
** Indicates the company has merged with - or been acquired by - another
Note: Non-Equity is short for Non-Equity Incentive Plan Compensation, usually a cash performance bonus issued under a formal incentive plan.
The Boston Globe examined executive compensation at more than 200 publicly traded companies based in Massachusetts. The data was compiled by the Globe and Capital IQ, a financial research firm owned by Standard & Poor's. In most cases, the compensation figures came directly from the main summary compensation tables filed with the US Securities and Exchange Commission through July 2010. However, for companies that reported pay prior to Feb. 28, when the SEC changed its disclosure rules, the Globe relied primarily on information contained in a separate chart, the Grants of Plan-Based Awards table, to calculate the value of the stock awards at the time they were awarded to executives. In both cases, the stock values are only an estimate for their potential value, not the amount of money that executives actually received; the actual value will depend on how the stock performs and when executives sell their shares. In addition, some awards are contingent on meeting certain performance goals or remaining with the company for several years, so CEOs may not actually receive all of that stock. And companies note that some stock awards are frequently intended to compensate CEOs for multiple years or a different year than the one they were awarded, which can skew pay comparisons from one year to the next. In two cases, the Globe also excluded stock awards that were already reported in executives' salary or bonus to avoid double-counting. The Globe generally listed the pay for the person listed as CEO at the end of the fiscal year, even if they joined the company late in the year or have since been replaced. In some cases, executives may have joined the company or been promoted to CEO within the last two fiscal years, which may account for an increase in pay or explain why the change in compensation data isn't available.