Executive Compensation at Consumer Reports
Consumer Reports, the beloved watchdog organization that many people rely on in for unbiased consumer product information is a non-profit, tax-exempt 501 (c) (3) organization based in Yonkers, New York.
In 2019, the organization reported total revenue of $255 million, most of which came from subscriptions (both print and on-line).
Expenses totaled $230 million (not including $15 million in depreciation) with the largest expense compensation ($98 million) for the 690 employees, who received an average compensation of $142,000. However, only 365 employees (about half of the employees) received more than $100,000 in compensation.
The 15 most highly compensated employees in 2019 were reported to be:
- $700,541: Marta L Tellado, President and CEO
- $524,390: Leonora Weiter, SVP and COO
- $468,228: Jason Fox, VP, Chief Digital officer
- $465,700: Mark Connelly, Sr. Director, Product Testing (thru 9/7/18)
- $451,148: Liam McCormack, VP, Res, Testing, and Insights
- $438,250: Brent Diamond, VP, Con Data Mkt Op (thru 1/4/19)
- $429,412: Gwendolyn Bounds, VP, Chief Content Officer
- $424,294: Eric Wayne, VP and CFO
- $421,292: Kimberly Stehle, VP, Chief Mkt Officer (thru 5/3/19)
- $396,623: Mathew Anchin, VP, Chief Communications Officer
- $389,604: Esther Han, VP, Chief Intelligence Officer
- $380,559: Lisa Cribari, VP, Chief HR Officer
- $374,636: Heath Grayson, Deputy General Counsel
- $335,907: Shar Taylor, VP Chief Social Impact Officer
- $233,854: Michael Hubner, VP, General Counsel (as of 6/4/18)
The 15 most highly compensated employees received $6.4 million. If these employees were excluded from total compensation, then 675 employees received about $92 million which equates to an average compensation of $136,000 (not much different than if all employees were included) which appears to mean the employees of Consumer Reports are well compensated.
8 of the 15 most highly compensated employees are male while 7 are female. The most highly compensated employee, the President and CEO is a female.
Al Rizzotti, a former employee received a severance payment of $126,353.
Mark Connelly received a payout of $242,891 for accrued and unused vacation.
25 independent contractors received more than $100,000 in compensation. The five most highly independent contractors were:
- $10.4 million: Google of Mountain View, CA for search engine marketing
- $ 6.5 million: EPAM Systems of Newton, PA for information technology
- $ 5.5 million: Quad Graphics of Sussex, WI for printing
- $ 3.8 million: Diamond Communications of Council Bluffs, IA for fulfillment services
- $ 3.5 million: Telerx Marketing of Horsham, PA for marketing
To read the IRS Form 990 (2018 for the year ending May 31, 2019), click here.