CEO compensation

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World's Largest Wealth Fund: It's a No on Musk's $1T Pay Deal

Norway's Norges Bank cites concerns over size, risk of unprecedented pay package for Tesla CEO

(Newser) - Norway's sovereign wealth fund, the world's largest, has announced it will vote against Tesla CEO Elon Musk's proposed $1 trillion pay package. The fund, which holds a $17 billion stake in Tesla, cited concerns about the award's scale, potential dilution, and what it calls "key...

CEO Pay Was Up— Way Up—Last Year

It increased almost 10% in 2024

(Newser) - The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply, the AP reports. Many companies have heeded calls from shareholders to tie CEO compensation more closely to...

America's Highest-Paid CEOs
America's Highest-Paid CEOs
Sep 2, 2024 2:25 PM CDT

America's Highest-Paid CEOs

Quartz runs down the top 10 following an AFL-CIO report

(Newser) - Happy Labor Day, here's a "fun" fact for you from AFL-CIO's 2024 report on executive pay : "It would take more than five career lifetimes for workers to earn what CEOs receive in just one year." The report finds that last year, corporate profits and executive...

New Starbucks CEO Will Be Working From Home

Brian Niccol's compensation could top $113M this year

(Newser) - Starbuck's new CEO will be handsomely rewarded for taking charge of the coffee chain—and he won't have to trade sunny California for rainy Seattle. CNBC reports that the pay package that brought Brian Niccol to Starbucks from Chipotle includes a base annual salary of $1.6 million...

These Are the Highest-Paid CEOs in America

Broadcom's Hock Tan comes in at No. 1, with annual compensation of $161.8M, per 'WSJ'

(Newser) - If you were a chief executive for one of America's largest companies last year, you likely did pretty well in the paycheck department, at least according to the latest analysis by the Wall Street Journal , which shows that median CEO compensation in 2023 reached record heights, with half of...

This Gambling Bigwig's Salary Is Really Flush, Critics Say

Think tank slams Bet365 CEO Denise Coates' $280M as not being 'sensible or proportionate'

(Newser) - A billionaire gambling exec added to her bank account substantially last year, in a salary increase that has some pushing back. The BBC reports that Denise Coates, founder and CEO of the online gambling firm Bet365, saw a nearly $9 million paycheck bump in 2023, with her salary jumping to...

CEO Pay Took an Eye-Popping Jump Last Year

Typical compensation package for those at helm of S&P 500 companies soared 17.1%

(Newser) - Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analyzed for the AP...

Top 10 Pay Packages for CEOs
10 Best
Paid CEOs
May 16, 2022 12:29 PM CDT

10 Best Paid CEOs

Tim Cook is No. 4, while Peter Kern of Expedia leads the pack

(Newser) - Last year was a good one to be a CEO, at least in terms of personal compensation. The Wall Street Journal reports that pay packages for the leaders of the top American companies reached record heights for the sixth straight year. The median salary (including bonuses and other cash) was...

Tim Cook's Compensation Should Alarm Investors: Firm

He received $99M in 2021, or 1,447 times the wage of an average Apple worker

(Newser) - Apple shareholders are urged to raise a stink about a $99 million pay package awarded last year to CEO Tim Cook, who's already reportedly worth more than $1 billion. In a letter to shareholders published Wednesday, proxy advisory firm Institutional Shareholder Services said there are "significant concerns" about...

JP Morgan CEO Jamie Dimon Just Got a Raise

He earned $34.5M in stocks and cash in 2021

(Newser) - At an age where many people are gearing up for retirement, the 65-year-old CEO of JPMorgan Chase got 50 million reasons to stay in his post. Jamie Dimon received a $50 million bonus in early 2021 as an incentive to stay with the mega bank for a minimum of five...

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
May 16, 2018 4:58 PM CDT

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 
 Highest-Paid 
 CEO in America 
in case you missed it
May 30, 2015 7:00 PM CDT

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
May 27, 2014 12:11 PM CDT

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 
OPINION
Jul 2, 2013 1:21 PM CDT

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...

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