Originally published Sunday, June 21, 2009 at 12:00 AM

CEO Pay 2008 | CEOs who made less than six figures in 2008

Eight Northwest executives — half of whom were new to their jobs — made less than $100,000 in 2008, before receiving full salaries and benefits.

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Russell Horowitz, president of Marchex

Not every CEO makes six or seven figures.

Last year, eight Northwest CEOs were paid less than $100,000, but by no means are they crying poor. Four of the eight were new to their jobs in 2008 and did not receive a full year's worth of pay and benefits. Additionally, three have significant holdings in their respective companies.

Take, for instance, Edward Bramson, who chose not to be paid when he took over as CEO of fitness-products company Nautilus in March 2008. Bramson controls nearly a third of the company's stock through his New York investment-management firm Sherborne Investors.


CEO	Company	Total pay	Notes
Edward Bramson	Nautilus	$0	Bramson is managing member of Sherborne Investors, which owns 32 percent of Nautilus stock.
Terry Cochran	Columbia Bancorp	29,799	Cochran became CEO in October 2008 and received an annual salary of $144,000.
Donald Boone	Jewett-Cameron Trading	39,420	Boone owns 24 percent of Jewett-Cameron stock.
Nathaniel Brown	Eden Bioscience	42,115	Eden's shareholders voted in May to dissolve and liquidate the agricultural biotech company.
Russell Horowitz	Marchex	50,000	Horowitz, CEO since Marchex's inception in 2003, owns 73 percent of the company's Class A stock and 6 percent of Class B stock.
Patrick Fahey	Frontier Financial	73,688	Fahey became CEO in December 2008 and received an annual salary of $396,000.
Dwight Babcock	IsoRay	91,364	Babcock became interim CEO in February 2008 and owns 1.5 percent of the company's stock.
Terry Michaelson	Craft Brewers Alliance	97,447	Michaelson, named co-CEO in July 2008 and sole CEO in November, got an annual base salary of $215,000 in a March 2009 agreement.
Source: Equilar