NU Online News Service, Nov. 13, 9:44 a.m. – The average chief executive officer at a midsize U.S. manufacturer earned $1.4 million in total compensation in 2001, according to RSM McGladrey Inc., Bloomington, Minn., a consulting firm affiliated with McGladrey & Pullen L.L.P., Bloomington, Minn.

CEOs on the West Coast, who had the highest average compensation, earned $1.5 million, RSM reports.

RSM researchers based the results on a survey of 504 midsize company CEOs.

Many of the CEOs are getting part of their compensation in the form of stock options, but, because of weak stock prices, 73% of the options granted in 2001 have no real value today, RSM says.