The 50 highest-paid CEOs for 2011, according to an Associated Press analysis of Standard & Poor’s 500 companies. The analysis includes companies that had the same CEO for all of 2010 and 2011 and that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 30.
They are based on the AP’s compensation formula, which adds up salary, perks, bonuses, preferential interest rates on pay set aside for later, and company estimates for the value of stock options and stock awards on the day they were granted last year.
1. David Simon, Simon Property Group, $137.2 million, up 458 percent
2. Leslie Moonves, CBS, $68.4 million, up 20 percent
3. David M. Zaslav, Discovery Communications, $52.4 million, up 23 percent
4. Sanjay K. Jha, Motorola Mobility, $47.2 million, up 262 percent
5. Philippe P. Dauman, Viacom, $43.1 million, down 49 percent
6. David M. Cote, Honeywell International, $35.7 million, up 135 percent
7. Robert A. Iger, Walt Disney, $31.4 million, up 12 percent
8. Clarence P. Cazalot Jr., Marathon Oil, $29.9 million, up 239 percent
9. John P. Daane, Altera, $29.6, million, up 278 percent
10. Alan Mulally, Ford Motor, $29.5 million, up 11 percent
11. Gregory Q. Brown, Motorola Solutions, $29.3 million, up 113 percent
12. Richard C. Adkerson, Freeport-McMoRan, $28.4 million, down 19 percent
13. Ian M. Cumming, Leucadia National, $28.2 million, up 531 percent
14. Brian L. Roberts, Comcast, $26.9 million, down 13 percent
15. Jeffrey L. Bewkes, Time Warner, $25.7 million, down 2 percent
16. Rex W. Tillerson, Exxon Mobil, $25.2 million, up 17 percent
17. Samuel J. Palmisano, IBM, $24.2 million, down 4 percent
18. William C. Weldon, Johnson & Johnson, $23.4 million, up 1 percent
19. James Dimon, JPMorgan Chase, $23.1 million, up 11 percent
20. Louis R. Chenevert, United Technologies, $22.9 million, up 17 percent
21. Kenneth I. Chenault, American Express, $22.5 million, up 38 percent
22. Laurence D. Fink, BlackRock, $21.9 million, down 8 percent
23. Paul E. Jacobs, Qualcomm, $21.7 million, up 23 percent
24. H. Lawrence Culp Jr., Danaher, $21.7 million, up 27 percent
25. Muhtar Kent, Coca-Cola, $21.2 million, up 10 percent
26. Kirk S. Hachigian, Cooper Industries, $21.1 million, down 16 percent
27. Wesley G. Bush, Northrop Grumman, $21 million, down 5 percent
28. Robert J. Stevens, Lockheed Martin, $20.5 million, up 7 percent
29. Louis C. Camilleri, Philip Morris International, $20.2 million, down 2 percent
30. Gregg W. Steinhafel, Target, $19.5 million, down 18 percent
31. James T. Hackett, Anadarko Petroleum, $19.5 million, up 4 percent
32. Steve Ells, Chipotle Mexican Grill, $19.4 million, up 38 percent
33. Leslie H. Wexner, Limited Brands, $19.2 million, down 6 percent
34. James J. Mulva, ConocoPhillips, $19.2 million, up 7 percent
35. Miles D. White, Abbott Laboratories, $19 million, down 6 percent
36. David M. Cordani, Cigna, $18.9 million, up 25 percent
37. Kevin W. Sharer, Amgen, $18.9 million, down 11 percent
38. Montgomery F. Moran, Chipotle Mexican Grill, $18.8 million, up 39 percent
39. Randall L. Stephenson, AT&T, $18.7 million, down 8 percent
40. Richard D. Fairbank, Capital One Financial, $18.7 million, up 26 percent
41. Debra A. Cafaro, Ventas, $18.5 million, up 117 percent
42. W. James McNerney Jr., Boeing, $18.4 million, up 34 percent
43. John S. Watson, Chevron, $18.1 million, up 30 percent
44. Michael T. Duke, Wal-Mart Stores, $18.1 million, down 3 percent
45. John G. Stumpf, Wells Fargo, $17.9 million, up 2 percent
46. Kent J. Thiry, DaVita, $17.5 million, up 24 percent
47. James M. Cracchiolo, Ameriprise Financial, $17.3 million, up 3 percent
48. Paul S. Otellini, Intel, $17.2 million, up 11 percent
49. Robert J. Coury, Mylan, $16.8 million, up 12 percent
50. Evan G. Greenberg, ACE, $16.6 million, up 6 percent
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Source: Equilar.
No I am not a communist but seriously…….is any of these guys really worth 500 times more than one of our public teachers?
According to the companies board of directors they must be, that’s who sets the salaries.
Who chooses the Board of Directors?
The CEO’s ?
The shareholders usually.
We should remember that compensation doesn’t always (I’d say more often than not) correlate with amount of hard work or societal contributions of a position.
Big pharma big money.
The saga of the so called *atypical antipsychotics* is one of incredible profit.Eli Lilly made $65 BILLION on Zyprexa franchise (*Viva Zyprexa* Lilly sales rep slogan). Described as *the most successful drug in the history of neuroscience* the drugs at $12 pill are used by states to medicate deinstitutionalized mental patients to keep them out of the $500-$1,200 day hospitals.There is a whole underclass block of our society,including children in foster care that are the market for these drugs,but have little voice of protest if harmed by them.I am an exception,I got diabetes from Zyprexa as an off-label treatment for PTSD and I am not a mentally challenged victim so I post. Google-Haszard Zyprexa–Daniel Haszard Bangor Maine – FMI http://www.zyprexa-victims.com
Their role models make more money than they do. So $20M to them is not enough because chummy made $75M last year and on and on it goes. And they are still not happy at the end of the day.
Kent Thiry is #46 on this list. He is the CEO of Davita, the company that is coming to Northern Maine to purchase EMMC dialysis services for over 10 million dollars. I have to wonder how much of the Medicare dollars funded for dialysis patients is spent on patients when the company’s CEO is #46 highest paid CEO in the US. Davita is only one of many for profit healthcare corporations that is profiting off taxpayer dollars that are intended for safe high quality care for vulnerable patients.
Check out Kent Thiry on You Tube and while you are at it check out my lastest blog entry on McCleary MRSA Prevention.