Updated 7/18/2000 - New 1999 compensation information and updated survey results
Scroll down to take the survey and see the results so far.
The nice thing about Dendrite being a publicly traded company is that they have to publish their executive compensation numbers every year. So let's see how some of our favorite executives did over the past few years.
| Name | Year | Salary | Bonus | Other Annual | Stock Options (Shares) | All Other |
|---|---|---|---|---|---|---|
| John E. Bailye | 1997 | $436,920 | $160,000 | $11,766 | 208,000 | $10,563 |
| CEO | 1998 | $450,000 | $360,000 | $0 | 0 | $164,604 |
| 1999 | $450,000 | $403,000 | $0 | 187,500 | $17,981 | |
| R. Bruce Savage | 1997 | $293,977 | $109,000 | $11,766 | 68,000 | $5,898 |
| COO | 1998 | $297,500 | $288,750 | $0 | 50,000 | $8139 |
| 1999 | $302,284 | $318,500 | $0 | 112,500 | $6,974 | |
| George T. Robson | 1997 | $200,000 | $120,000 | $0 | 400,000 | $674 |
| CFO | 1998 | $284,083 | $200,000 | $121,750 | 80,000 | $7,064 |
| 1999 | $217,000 | $193,500 | $218,000 | 187,500 | $68,652 | |
| Teresa F. Winslow | 1997 | $219,267 | $235,900 | $3,138 | 88,000 | $5,015 |
| Sr. VP | 1998 | $168,735 | $79,926 | $541,895 | 0 | $5408 |
| 1999 | $70,776 | $42,337 | $487,463 | 52,500 | $6,598 | |
| Mark H. Cieplik | 1997 | $161,062 | $100,000 | $0 | 220,000 | $148 |
| Sr. VP Sales | 1998 | $255,004 | $236,250 | $0 | 0 | $408 |
| 1999 | $260,000 | $285,000 | $0 | 52,500 | $10,183 |
(1) Other annual compensation includes the following:
(A) In the case of Mr. Bailye, such amount for 1997 represents the fair
market value as of the date of issuance of a stock award granted to
him.
(B) In the case of Mr. Savage, such amount for 1997 represents the fair
market value as of the date of issuance of a stock award granted to
him.
(C) In the case of Mr. Robson, such amount for 1999 represents deferred
compensation consisting of $93,000 of deferred salary and $125,000 of
deferred bonus. Such amount for 1998 represents deferred compensation
consisting of $21,750 of deferred salary and $100,000 of deferred
bonus. Such amount for 1997 represents the fair market value as of the
date of issuance of a stock award granted to him.
(D) In the case of Ms. Winslow, such amount for 1999 represents deferred
compensation consisting of $189,800 of deferred salary and $297,663 of
deferred bonus. Such amount for 1998 represents deferred compensation
consisting of $86,821 of deferred salary and $455,074 of deferred
bonus. Such amount for 1997 represents the fair market value as of the
date of issuance of a stock award granted to her.
(2) All other compensation includes the following:
(A) In the case of Mr. Bailye, such amount in 1999 includes Group Term Life
Insurance premiums of $638, the Company's matching portion of the
employee's 401(k) contributions of $4,800, and $10,250 in federal tax
and $2,293 in Medicaid tax relating to the forgiveness of debts and
receivables for Kookaburra Inc., the Company's predecessor in interest
("Kookaburra Inc.") (as more fully described in the Company's Proxy
Statement for its 1999 Annual Meeting of Shareholders). Such amount in
1998 includes Group Term Life Insurance premiums of $1,346, the
Company's matching portion of the employee's 401(k) contributions of
$5,000 and $116,908 relating to the forgiveness of the Kookaburra Inc.
receivable and $41,350 as payment for the cash value of the tax benefit
relating to such receivable. Such amount in 1997 includes Group Term
Life Insurance premiums of $693 and the Company's matching portion of
the employee's 401(k) contributions of $4,750. Such amounts under all
other compensation previously reported for Mr. Bailye in 1997 included
life insurance premium payments of $5,120. The foregoing payments were
deemed not to be compensation to Mr. Bailye because such amounts
represented key man life insurance premium payments on a policy whose
primary beneficiary is the Company.
(B) In the case of Mr. Savage, such amount in 1999 includes Group Term Life
Insurance premiums of $2,174 and the Company's matching portion of the
employee's 401(k) contributions of $4,800. Such amount in 1998 includes
Group Term Life Insurance premiums of $3,139 and the Company's matching
portion of the employee's 401(k) contributions of $5,000. Such amount
in 1997 includes Group Term Life Insurance premiums of $1,148 and the
Company's matching portion of the employee's 401(k) contributions of
$4,750.
(C) In the case of Mr. Robson, such amount in 1999 includes Group Term Life
Insurance premiums of $2,232, the Company's matching portion of the
employee's 401(k) contributions of $4,800, the reimbursement of $14,578
for taxes which were charged in error relating to the exercise of
incentive stock options in 1998, Deferred Compensation Plan Life
Insurance premiums of $964 and $46,078 in relocation expenses. Such
amount in 1998 includes Group Term Life Insurance premiums of $3,168
and the Company's matching portion of the employee's 401(k)
contributions of $3,896. Such amount in 1997 includes Group Term Life
Insurance premiums of $674.
(D) In the case of Ms. Winslow, such amount in 1999 includes Group Term
Life Insurance premiums of $374 and the Company's matching portion of
the employee's 401(k) contributions of $2,123, the reimbursement of
$3,488 for taxes which were charged in error relating to the exercise
of incentive stock options in 1998, and Deferred Compensation Plan Life
Insurance premiums of $613. Such amount in 1998 includes Group Term
Life Insurance premiums of $408 and the Company's matching portion of
the employee's 401(k) contributions of $5,000. Such amount in 1997
includes Group Term Life Insurance premiums of $265 and the Company's
matching portion of the employee's 401(k) contributions of $4,750.
(E) In the case of Mr. Cieplik, such amount in 1999 includes Group Term
Life Insurance premiums of $374, the Company's matching portion of the
employee's 401(k) contributions of $4,800 and the reimbursement of
$5,009 for taxes which were charged in error relating to the exercise
of incentive stock options in 1998. Such amount in 1998 includes Group
Term Life Insurance premiums of $408. Such amount in 1997 includes
Group Term Life Insurance premiums of $148.
All figures are taken directly from Dendrite's Proxy Statement filed with the SEC. Read it yourself at Edgar Online.
For fun, I've decided to take a little salary survey. Don't worry, this is completely anonymous. I will have no way of knowing who you are. Check the document source if you have any worries on this score.
So far there have been 24 responses to the survey.
| Too Much | Just Right | Too Little | No Response |
|---|---|---|---|
| 18 | 2 | 1 | 3 |
| Old Salary | Votes | New Salary | Votes | |
| 20-30K | 2 | 20-30K | 1 | |
| 30-40K | 12 | 30-40K | 0 | |
| 40-50K | 3 | 40-50K | 2 | |
| 50-60K | 4 | 50-60K | 5 | |
| 60-70K | 1 | 60-70K | 2 | |
| 70-80K | 2 | 70-80K | 4 | |
| > 90K | 1 | > 90K | 4 |
Note: New Salary is less than old salary due to some people still being with Dendrite.
Some of your comments:
In two years after leaving Dendrite I have more than doubled my salary.
The response for the over 90K and still at drte and no response to whether or not he makes enough would seem to be the non vitriolic JB himself!
I was really shafted with my salary. I gave them everything and got nothing. Although I did get a raise right before I left. Heh heh... Now I have a good salary and RESPECT!
Editor's Note: This person doesn't seem too bitter
DendWrong was undoubtedly the most woefully mismanaged puss-oozing cancerous
tumor on the anus of the industry that I ever had the pleasure of resigning
from.
(You may quote this if you wish).
Editor: Like I would pass up the chance to quote that
My only regret is that I could only quit this company once. I'd love to go in there today and resign again just cause it felt so good
Re: quitting more than once... Do the initials SK seem familiar?
Editor: Ouch! That hurts (but not as much as working at Dendrite).
Got anything better to do loser? Can you say... Legal Action? Your job is what you make it...someone really got to you!!!!!!!!!!! Keep festering.
Editor: I guess this guy really loves the place. As for legal action, this site has been up for over two years with no lawsuits yet. Not even a threatening e-mail. I must be doing something wrong.
My opinion may be unpopular amongst ex-Dendriters, but I think as CEO of a successful company, there is nothing wrong with his salary. A large portion of his compensation is directly tied to company perfomance. We have all seen what a single bad quarter can do to the stock price. A $5 drop in stock price would cost him more than $1,000,000 out of last year's compensation
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Last Updated June 9, 1999