Skip to content

July 28, 2020

2

Executive Compensation at Consumer Reports

by Anne Paddock

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.

2 Comments Post a comment
  1. Jul 28 2020

    The Form 990 does not report seniority.
    The Form 990 reports the highest compensated employees along with their title, various types of compensation, etc.
    I’m not sure what you mean when you say “not knowing what the rest of the executive salaries represent.” The numbers listed are compensation unless noted otherwise (i.e. severance).
    Consumer Reports is based in Yonkers, New York

  2. Jul 28 2020

    While the compensation for the top 15 executives listed does seem somewhat high, it would also help to know their seniority with the company and where their home office is located; for example, if in a major metro area, such as NY, LA, Atlanta or Chicago areas. On this basis, not knowing what the rest of the executive salaries represent, it does appear the company pays their employees well. I am currently a regular follower of your post. Thank you for your update on this company!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Note: HTML is allowed. Your email address will never be published.

Subscribe to comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: