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.
108 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.
Comments are closed.
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
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!