More than two dozen senior staffers earned at least $1 million in 2011 after adding bonuses and supplemental income
April 19, 2013
By Walt Williams and Mark R. Graham
Bonuses and supplemental retirement income helped drive compensation for several association staffers into seven figures in 2011, with the U.S. Chamber of Commerce’s Agnes Warfield in the lead, earning $2,924,910.
Warfield, senior vice president of development at the Chamber, was one of 25 senior staffers earning at least $1 million in an analysis of groups tracked by CEO Update. The figures, based on IRS tax filings, cover most of calendar year 2011.
Compared with 2010 top staff pay, few patterns emerge from the most recent data. But when taking a longer view, it becomes apparent that salaries continue to bounce back since the Great Recession.
Compensation experts agree.
“The higher you were, the bigger hit you took in terms of your bonus, and those have come back,” said Brian Vogel, senior principal with Quatt Associates.