Tags: CEO | salary | pay | stock

USA Today: Ka-Ching! America's Best-Paid CEOs Are Ringing the Register

By    |   Friday, 17 April 2015 07:40 AM

The best-paid CEOS in the nation received far more money that most mortals in 2014, with combined compensation that USA Today compared to hitting a lottery jackpot.

The newspaper reported the 12 highest-paid chief executives in the U.S. received $654 million in the aggregate in fiscal 2014.

At the top of the heap was David Zaslav, CEO of TV network operator Discovery Communication, who USA Today described as the "Kobe Bryant of CEO pay."

Despite the fact that his company's stock price slumped almost 24 percent in 2014 — not exactly a measure of CEO excellence by shareholder expectations — Zaslav had a total pay package of $156 million.

"On top of his salary of $3 million, he received stock awards of $94.6 million, option awards of $50.5 million, other incentive pay of $6 million, other compensation and perks of $1.9 million," USA Today, Matt Krantz said, citing proxy statements recorded by S&P Capital IQ.

Not all of the top CEOs received instant gratification with their outsized payouts.

Microsoft CEO Satya Nadella received total pay of $84.3 million, which included a salary of $918,917 and a bonus of $3.6 million.

"But a bulk of the pay resulted from a $79.8 million stock award. Most of this award — $59.2 million of it — is connected with a long-term performance award Nadella cannot get his hands on until at least 2019. That means while Nadella received a massive payout — much of it is not actually available to him unless he successfully pulls off the company's business transformation," Krantz wrote.

The industry with the most top-paid CEOs was not typically high-flying technology, as one might expect, but media. In addition to Discovery, four other media companies made the list with their lavish payouts — CBS, Disney, Viacom and Comcast.

All together, the total payout for America's 12 best paid CEOs 12 CEOs was close to the world's largest lottery jackpot of $656 million from a 2012 Mega Millions game.

"So stop scratching off those lottery tickets. The real money is in being CEO," Krantz said.
According to S&P Capital IQ fillings and the newspaper's analysis, the best-paid CEOs in the nation last year were:

CEO
Company 2014 Compensation
David Zaslav Discovery $156.1 million
Satya Nadella Microsoft $84.3 million
Steven Mollenkopf Qualcomm $60.7 million
Leslie Moonves CBS $57.2 million
Robert Iger Disney $46.5 million
Philippe Dauman Viacom $44.3 million
John Robert Strangfeld Prudential Fincl $37.5 million
Jeffrey Immelt GE $37.3 million
Marillyn Hewson Lockheed Martin $33.7 million
Brian Roberts Comcast $33.0 million
Larry Merlo CVS Health $32.4 million
Marc Benioff Salesforce.com $31.3 million

Meanwhile, the average worker must work 127.7 years to capture the pay of what American CEOs earn in one year, MarketWatch reported.

The average pay of CEOs working for the largest 3,000 companies rose to $6.4 million in 2014, while median CEO pay jumped 12.7 percent, MarketWatch said, citing data from ISS Corporate Solutions.

By contrast, in 2013, the latest year with an estimate from the Social Security Administration, average wages in America edged up 1.3 percent to $43,041.

The founder of a credit card payment firm in Seattle has decided to level the CEO-worker playing field at his own company, Voice of America reported.

Dan Price, owner of Gravity Payments, told his employees this week he is cutting his own $1 million per year salary to $70,000, and will use the money and company profits to give every employee a matching base salary of $70,000 over the next few years.

© 2019 Newsmax Finance. All rights reserved.

   
1Like our page
2Share
StreetTalk
The best-paid CEOS in the nation received far more money that most mortals in 2014, with combined compensation that USA Today compared to hitting a lottery jackpot.
CEO, salary, pay, stock
576
2015-40-17
Friday, 17 April 2015 07:40 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved