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July 28, 2022


Executive Compensation at Consumer Reports (2020)

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 2020, the organization reported total revenue of $250 million (compared to $255 million in 2019), most of which came from subscriptions (both print and on-line).

Expenses totaled $220 million (not including $15 million in depreciation) with the largest expense compensation ($96 million) for the 673 employees, who received an average compensation of $143,000. However, only 360 employees (about half of the employees) received more than $100,000 in compensation.

The 15 most highly compensated employees in 2020 were reported to be:

  • $818,734:  Marta L Tellado, President and CEO
  • $533,415:  Leonora Weiter, SVP and COO
  • $482,342  Jason Fox, VP, Chief Digital officer
  • $454,269:  Liam McCormack, VP, Res, Testing, and Insights
  • $450,096:  Eric Wayne, VP and CFO
  • $448,726:  Michael Hubner, VP, General Counsel
  • $434,584:  Gwendolyn Bounds, VP, Chief Content Officer
  • $409,831:  Mathew Anchin, VP, Chief Communications Officer
  • $394,225:  Esther Han, VP, Chief Intelligence Officer
  • $378,741:  Shar Taylor, VP Chief Social  Impact Officer
  • $376,851:  Peter Direnzo, Chief Technology Officer
  • $367,980:  Geoffrey MacDougall, VP Development (thru 8/29/20)
  • $361,790:  Lisa Cribari, VP, Chief HR Officer
  • $340,948:  Brent Diamond, Former VP, Con Data Mkt Op (thru 1/4/19)
  • $312,457:  Kimberly Stehle, Former VP, Chief Mkt Officer (thru 5/3/19)

The 15 most highly compensated employees received $6.5 million. If these employees were excluded from total compensation, then 658 employees received about $90 million which equates to an average compensation of $137,000 (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 who received the following compensation over the past 5 years:

  • 2020:  $818,734
  • 2019:  $700,541
  • 2018:  $713,058
  • 2017:  $651,929
  • 2016:  $621,172

103 independent contractors received more than $100,000 in compensation. The five most highly independent contractors were:

  • $9.1 million:  Google, Inc, of Mountain View, CA for search engine marketing
  • $5.9 million:  Quad Graphics, of Sussex, WI for printing
  • $4.9 million:  EPAM Systems, of Newton, PA for information technology
  • $4.3 million:  Diamond Communications, of Council Bluffs, Iowa for fulfillment
  • $4.3 millon:  Telerx Marketing, of Horhsam, PA for marketing

To read the IRS Form 990 (2019 for the year ending May 31, 2020), click here.

1 Comment Post a comment
  1. Jul 31 2022

    Greed is everywhere.

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