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.