CEO compensation

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Paycheck of Top-Paid CEO in US: $102.2M

Honors go to First Data Corp.'s Frank Bisignano of Ga.; other states' CEOs do well, too

(Newser) - Les Moonves made $68.4 million in 2017 as the CEO of CBS, but New York didn't claim the highest-paid CEO in the country last year—Georgia did, with First Data's Frank J. Bisignano bringing in a $102.2 million paycheck. The AP and Equilar, an executive data...

Most Median Workers Would Need to Work 45 Years to Make What Their CEO Makes in 1
A Depressing Figure for the
Median Worker: 45 Years
new report

A Depressing Figure for the Median Worker: 45 Years

That's how long they need to work to make what their CEO makes in one year

(Newser) - Don’t cry for your busy CEO. A comprehensive survey of executive pay has found that the average CEO-to-median-worker pay ratio in the US has reached 339 to 1, reports the Guardian . Simply put, median workers at most of the companies surveyed would need to work 45 years to earn...

Female CEO Who Now Makes More Than Marissa Mayer

IBM's Virginia Rometty was compensated $32.3M in 2016, Mayer just $27.4M

(Newser) - Think "well-compensated female CEO" and Marissa Mayer is likely to come to mind, but the Yahoo CEO has been knocked off her perch as the highest-paid one, per an Equilar-AP analysis . The survey included only women CEOs who've been in their roles for at least two years at...

100 CEOs Have $4.9B in Retirement Savings

That's equal to the nest eggs of 50M US families

(Newser) - When you add them together, the 100 biggest CEO retirement accounts are equal to the retirement savings of 50 million American families, CNBC reports. According to a new report from the Center for Effective Government and Institute for Policy Studies, each of those 100 CEOs has an average of $49....

SEC: Companies Must Reveal Pay Gap of CEOs, Workers

SEC puts new rule into motion

(Newser) - Those worried about income inequality will soon have some tangible new figures at their disposal: The SEC today ruled that public companies must start revealing the pay gap between the CEO and a typical worker, reports the Los Angeles Times . Specifically, companies have to disclose median employee compensation—the figure...

This Is the Highest-Paid CEO in America
 This Is the 
 CEO in America 
in case you missed it

This Is the Highest-Paid CEO in America

He's Discovery's David Zaslav, and he's pulling down $156.1M

(Newser) - You probably haven't heard of the best-paid guy running a boardroom in America: David Zaslav is CEO of Discovery Communications, and he is far and away the winner, with some $156.1 million in compensation last year—more than four times what he made the previous year and more...

CEO Pay Hits Wild Milestone

AFL-CIO president blames 'income inequality crisis' on CEOs

(Newser) - So what was the average CEO paycheck like last year? Oh, just 373 times higher than your average worker's, up from 331 times higher the year before, according to a new report by the labor organization AFL-CIO. That means the average S&P 500 company chief made $13.5...

CEOs Now Make 257 Times More Than You
CEOs Now Make 257 Times More Than You

CEOs Now Make 257 Times More Than You

Median pay reaches $10M figure for first time

(Newser) - They're the $10 million men and women. Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8%...

Lenovo CEO to 10K Workers: Take My Bonus

Lenovo's Yang Yuanqing hands out $3M

(Newser) - Lenovo's CEO has decided to hand over a hefty chunk of his annual bonus to the workers who helped make the Chinese company the world's biggest personal computer maker, the firm says. For the second year in a row, Yang Yuanqing is sharing more than $3 million with...

Let's Outsource Our CEOs

 Let's Outsource Our CEOs 

Let's Outsource Our CEOs

Matthew Yglesias on the wild, and arbitrary, differences in CEO pay

(Newser) - It's not exactly breaking news that CEOs make a ton of money . But as Matthew Yglesias at Slate looked through a new database of CEO pay, he also noticed that CEOs' paydays are incredibly arbitrary; there's "certainly no clear link to corporate performance." But there are...

Top CEOs Scored 16% Pay Rise Last Year: Study
 Top CEOs Scored 16% 
 Pay Rise Last Year 

Top CEOs Scored 16% Pay Rise Last Year

Top salary of the year? $96.2M

(Newser) - So much for reining in CEO salaries. New research has found that the top 200 CEOs of public companies with at least $1 billion in revenue had an average pay package of $15.1 million last year—a pay-raise of approximately 16% from 2011, the New York Times reports. The...

Yahoo Gave Marissa Mayer $1.1M Bonus After 6 Months

Plus restricted stock worth $13.3M

(Newser) - Marissa Mayer got a pretty sweet six-month anniversary gift from Yahoo: She spent just half of 2012 as CEO, and got a $1.12 million cash bonus for her troubles, CNNMoney reports. She also received restricted stock worth $13.3 million, according to company filings. This year Mayer, who started...

JPMorgan Cuts CEO Dimon's Pay in Half—to $11.5M

Meanwhile, traders at Morgan Stanley get IOUs

(Newser) - That sound you're hearing is probably Wall Street's tiniest violin playing for Jamie Dimon. As many expected , JPMorgan Chase's board slashed the CEO's salary in response to the "London Whale" disaster, dropping his incentive pay a backbreaking 53.5% to $10 million, leaving him a...

Tim Cook's Salary Jumps 51%

 Tim Cook's Salary 
 Jumps 51% 

Tim Cook's Salary Jumps 51%

... But pay remains well shy of massive 2011 figure

(Newser) - On paper, Tim Cook's total pay fell by around $374 million this year—even though his salary jumped 51%. According to a new regulatory filing, Cook's total compensation for 2012 is valued at $4.17 million, Bloomberg reports. That may not sound like much next to the $378...

Hollande Slashes French CEOs' Pay

New prez Hollande will cap salaries at state-owned firms

(Newser) - With France's new socialist president François Hollande moving in, it looks like sky-high CEO salaries are moving out, reports the Wall Street Journal . Hollande has promised to cap executive pay at the 52 companies owned or partially owned by the state, limiting them to a maximum of 20...

This Man Makes More Than You Would in 3.5K Years
 This Man Makes 
 More Than You 
 Would in 3.5K Years

This Man Makes More Than You Would in 3.5K Years

David Simon's 2011 pay package worth more than $137M

(Newser) - You might want to wait to read this until you're somewhere it's OK to scream: It would take the average American worker 3,489 years to make as much money as one top CEO took home in just one year. David Simon of shopping mall developer Simon Property...

Citi Shareholder Revolt Bad News for Other Big Banks

Wells Fargo, Bank of America may have reason to worry

(Newser) - Now that shareholders have rejected Citigroup CEO Vikram Pandit's $15 million pay package, all eyes are on Wells Fargo and Bank of America, both of which are holding their own "say on pay" votes in the coming weeks. The votes are required as part of post-financial crisis financial...

Boss Divvies Up $15M to Surprised Employees

Owner of bus company in Australia sells firm, feels generous

(Newser) - The boss of an Australian bus company dished out $15 million in bonuses to his employees. Ken Grenda sold his company and used the proceeds to give an average $8,500 to every one of his 1,800 workers. Grenda, 79, attributed his generosity to the typically enormous gap between...

America's Top CEOs Had a Nice Fat 2010

How nice? Their compensation jumped 27% to 40%

(Newser) - Today, in Depressing Coincidences in Journalism, we're greeted with the news that nearly 50% of Americans are living below the poverty level or very close to it—and the news that America's top CEOs saw their 2010 pay jump a crazy 27% to 40%. The latter revelation comes...

How CEO Pay Spirals Out of Control

Peer benchmarking drives everyone higher

(Newser) - Amgen didn’t do terribly well under CEO Kevin Sharer last year—it eliminated some 2,700 jobs and its stock fell 3%. Yet Sharer pocketed a 37% raise, bringing his compensation to $21 million. Why? Because the board decided he should be paid “closer to the 75th percentile...

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