County Among Top 10 in Bosses’ Pay

Owners of mid-size American manufacturing businesses pay themselves an average of $167,000 annually in direct and indirect compensation, the most among six industry groups, according to a recent study of U.S. private companies by the Geneva Cos. Other groups were, by pay ranking, business services, construction, wholesale/distribution, transportation/communications, and retailing.

The study also found that Orange County ranked eighth among the top 10 metropolitan areas in the nation in total compensation for business owners, at $224,000. Top in the nation was Stamford, Conn., at $273,000; last was Santa Barbara, at $65,000.

Geneva, a financial services organization based in Irvine, went through the books of about 2,500 mid-size, privately held U.S. businesses with annual revenues from $1 million to $100 million. It also conducted confidential business evaluations of all the companies.

OWNER PAY BY INDUSTRY GROUP

Sector: * Pay:

Manufacturing: $167,000

Business services: $164,000

Construction: $147,000

Wholesale Trade: $136,000

Transportation & communications: $129,000

Retail Trade: $125,000

*In direct and indirect compensation

Source: The Geneva Companies TOTAL COMPENSATION BY REVENUE RANGE

Revenue ($000) Compensation (000) Less than $2,000 104 $2,000-$4,999 147 $5,000-$9,999 208 $10,000-$19,999 269 $20,000 or more 331

Source: The Geneva Companies

In direct and indirect compensation

TOTAL COMPENSATION BY METRO AREA

Metro Area:

Stamford, Ct.: $273,000

Hartford, Ct: $247,000

Kalamazoo, Mi.: $242,000New York: $237,000

Arlington, Va.: $235,000

Philadelphia: $233,000

Jacksonville,Fl.: $232,000

Orange County: $224,000

Akron, Oh.: $221,000

Toledo, Oh.: $218,000

Source: The Geneva Companies