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The median total salary for the 100 highest-paid CEOs of major companies edged up 2.8% to over...

The median total salary for the 100 highest-paid CEOs of major companies edged up 2.8% to over $14M in 2012, while the cost of perks, such as the use of private jets, jumped 19% to 320,635. Oracle's (ORCL) Larry Ellison was the top earner, receiving $96.2M in salary, perks and bonuses, and $90.7M in stock options. Other CEOs in the top 10 include HCA's (HCA) Richard Bracken, Disney's (DIS) Robert Iger, Nike's (NKE) Mark Parker, Starbucks' (SBUX) Howard Schultz and American Express' (AXP) Kenneth Chenault.
Comments (4)
  • jpmj4847
    , contributor
    Comments (506) | Send Message
     
    Wow! Now I can see why a cup of coffee and a gallon of gas might both be heading to a $5.99 median....sooon.jpmj4847
    7 Apr 2013, 11:52 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4010) | Send Message
     
    Are top CEOs worth as much as franchise quarterbacks, A list actors or top hedge fund managers? Some perhaps, but overall, CEO pay is grossly over generous. Corporate boards are often mere management lackeys whose governance would be a joke if it wasn't done on the backs of employees and stockholders. Sadly, many CEOs are being rewarded for benefiting from QE while the average Joe gets unemployment or disability pay, at best. Public companies can get away with this stickup because most stocks are traded by HFT which only hold them briefly. The average stockholder has almost no control over corporate governance.
    7 Apr 2013, 06:18 PM Reply Like
  • Hendershott
    , contributor
    Comments (1503) | Send Message
     
    Maybe they're all overpaid, particularly the hedge fund managers.
    7 Apr 2013, 07:40 PM Reply Like
  • Ajayyy
    , contributor
    Comments (311) | Send Message
     
    I'm sure Larry Ellison's pay is justified because he works 5000x harder than an average joe making 40k.

     

    /sarcasm

     

    I don't care how you spin this, such salaries are just not justified. For any of these CEOs I can show many other who have better performing companies and lesser (much lesser) and more reasonable salaries. Private businesses can do whatever they want but publicly traded companies should not be allowed to carry on with this behaviour.
    7 Apr 2013, 11:28 PM Reply Like
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