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Salaries of Buffalo-Area CEOs May Shock You

National Fuel Gas CEO CEO David F. Smith

I happened to be walking by the HEAP office today and could not believe the number of people who were in line to apply for financial assistance for their home heating bills. That got me thinking about the number of poor families in the Buffalo area who are struggling to get by while a very small percent of local CEOs are taking home compensation that most of us can only dream of.

Are these salaries out of proportion with the state of our local and national economy? You be the judge. Here is a list of local CEOs and the amount of compensation they took home last year.


National Fuel Gas Co.

CEO David F. Smith


2010 compensation: $7,055,547
Williamsville, NY

Assuming the CEO of National Fuel works 40 hours per week for 52 weeks a year that comes to about $3,392.08 per hour.


Ingram Micro

CEO Gregory M.E. Spierkel


2010 compensation: $6,398,868
Williamsville, NY


Dresser-Rand Group Inc.

CEO Vincent R. Volpe Jr.

2010 compensation: $6,112,265
Olean, NY


Greatbatch Inc.

CEO Thomas J. Hook

2010 compensation: $3,660,543
Clarence, NY


First Niagara Financial

CEO John R. Koelmel

2010 compensation: $3,131,327
Lockport, NY


M&T Bank

CEO Robert G. Wilmers

2010 compensation: $2,547,590
Buffalo, NY


Columbus McKinnon Corp.

CEO Timothy T. Tevens

2010 compensation: $2,426,823
Amherst, NY



CEO Robert T. Brady

2010 compensation: $1,896,956
East Aurora, NY


Computer Task Group

CEO James R. Boldt

2010 compensation: $1,707,811
Buffalo, NY


Gibraltar Industries

CEO Brian J. Lipke

2010 compensation: $1,686,583
Buffalo, NY


Sovran Self Storage Inc.

CEO Robert J Attea

2010 compensation: $1,582,488
Williamsville, NY


Financial Institutions Inc.

CEO Peter G. Humphrey

2010 compensation: $1,015,058
Warsaw, NY


Astronics Corp.

CEO Peter J. Gundermann

2010 compensation: $902,947
East Aurora, NY


Graham Corp.

CEO James R. Hines

2010 compensation: $694,554
Batavia, NY


Cleveland Biolabs

CEO Michael Fonstein

2010 compensation: $642,966
Buffalo, NY


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