Tuesday, April 12, 2011
Philippe Dauman
Life is very, very good for executives atop America’s leading corporations.
An examination by The New York Times of CEO salaries at 200 major companies revealed the median compensation in 2010 was $9.6 million. This amount was 12% higher than the average in 2009.
Leading the way last year was Philippe Dauman, chief executive of Viacom, who made $84.5 million in only nine months.
Following Dauman on the list of highest-paid CEOs is Ray Irani of Occidental Petroleum, who earned $76.1 million. This represented a 142% bump from 2009.
Larry Ellison at Oracle finished third, even though he experienced a 17% drop in compensation from 2009 to 2010. Still, he made $70.1 million.
Some the largest jumps in earnings from one year to the next were enjoyed at consumer product businesses. John Lundgren, chief executive of Stanley Black & Decker, experienced 253% raise, giving him $32.6 million in 2010. Emerson Electric’s David Farr enjoyed a 233% boost, to $23 million.
-Noel Brinkerhoff
The Drought Is Over (at Least for C.E.O.’s) (by Daniel Costello, New York Times)
The Pay at the Top (New York Times)
Bank Salaries Untouched by Financial Crisis…and Don’t Worry about CEOs of Fannie and Freddie (by Noel Brinkerhoff, AllGov)
Top Wall Street CEOs Averaged $29 Million a Year Before the Collapse (by Noel Brinkerhoff, AllGov)
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