Paccar CEO ranked high by magazine

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Paccar CEO Mark Pigott is No. 6 on Forbes magazine’s annual list of best-performing business executives. Pigott was one of only two CEOs in the survey to be recognized for the fourth year in a row.

“This is wonderful recognition for the company and is a direct reflection on the integrity and dedication of Paccar’s 22,000 employees in providing superior products and services to its customers,” Pigott says. “Paccar’s record financial results in 2005 and the first quarter 2006, combined with earning the National Medal of Technology, provides an excellent foundation for future growth.”

To generate the pay-versus-performance rankings, Forbes evaluated the stock performance of 189 corporations against the compensation paid to their chief executives, all of whom had served for at least six years.

In a separate list, “What the Boss Makes,” Forbes ranked the CEOs of America’s 500 biggest companies by total compensation in the most recent fiscal year. No. 1 on the list was Richard D. Fairbank of Capitol One Financial, at $249.42 million. Pigott ranked No. 192 with $7.63 million. Other CEOs of trucking and trucking-related companies on the compensation list include:

  • No. 96, Eaton’s Alexander Cutler, $14.02 million.
  • No. 206, Goodyear’s Robert Keegan, $6.96 million.
  • No. 217, Cummins’ Theodore Solso, $6.53 million.
  • No. 288, Caterpillar’s James Owens, $4.28 million.
  • No. 297, Goodrich’s Marshall Larsen, $4.13 million.
  • No. 300, Expeditors International’s Peter J. Rose, $4.10 million.
  • No. 367, Navistar International’s Daniel Ustian, $2.95 million.
  • No. 459, United Parcel Services’ Michael Eskew, $1.25 million.

    The chief executives of the top 500 companies received an aggregate 6 percent pay raise in 2005, compared to a 54 percent pay raise in 2004, Forbes reported. “In total, America’s top executives earned a healthy $5.4 billion last year.”