CEO compensation

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JPMorgan Cuts CEO Dimon's Pay in Half—to $11.5M

Meanwhile, traders at Morgan Stanley get IOUs

(Newser) - That sound you're hearing is probably Wall Street's tiniest violin playing for Jamie Dimon. As many expected , JPMorgan Chase's board slashed the CEO's salary in response to the "London Whale" disaster, dropping his incentive pay a backbreaking 53.5% to $10 million, leaving him a...

Tim Cook&#39;s Salary Jumps 51%



 Tim Cook's Salary 
 Jumps 51% 
Dec 27, 2012 9:39 AM CST

Tim Cook's Salary Jumps 51%

... But pay remains well shy of massive 2011 figure

(Newser) - On paper, Tim Cook's total pay fell by around $374 million this year—even though his salary jumped 51%. According to a new regulatory filing, Cook's total compensation for 2012 is valued at $4.17 million, Bloomberg reports. That may not sound like much next to the $378...

Hollande Slashes French CEOs' Pay

New prez Hollande will cap salaries at state-owned firms

(Newser) - With France's new socialist president François Hollande moving in, it looks like sky-high CEO salaries are moving out, reports the Wall Street Journal . Hollande has promised to cap executive pay at the 52 companies owned or partially owned by the state, limiting them to a maximum of 20...

This Man Makes More Than You Would in 3.5K Years
 This Man Makes 
 More Than You 
 Would in 3.5K Years
IN CASE YOU MISSED IT
May 27, 2012 7:00 PM CDT

This Man Makes More Than You Would in 3.5K Years

David Simon's 2011 pay package worth more than $137M

(Newser) - You might want to wait to read this until you're somewhere it's OK to scream: It would take the average American worker 3,489 years to make as much money as one top CEO took home in just one year. David Simon of shopping mall developer Simon Property...

Citi Shareholder Revolt Bad News for Other Big Banks

Wells Fargo, Bank of America may have reason to worry

(Newser) - Now that shareholders have rejected Citigroup CEO Vikram Pandit's $15 million pay package, all eyes are on Wells Fargo and Bank of America, both of which are holding their own "say on pay" votes in the coming weeks. The votes are required as part of post-financial crisis financial...

Boss Divvies Up $15M to Surprised Employees

Owner of bus company in Australia sells firm, feels generous

(Newser) - The boss of an Australian bus company dished out $15 million in bonuses to his employees. Ken Grenda sold his company and used the proceeds to give an average $8,500 to every one of his 1,800 workers. Grenda, 79, attributed his generosity to the typically enormous gap between...

America's Top CEOs Had a Nice Fat 2010

How nice? Their compensation jumped 27% to 40%

(Newser) - Today, in Depressing Coincidences in Journalism, we're greeted with the news that nearly 50% of Americans are living below the poverty level or very close to it—and the news that America's top CEOs saw their 2010 pay jump a crazy 27% to 40%. The latter revelation comes...

How CEO Pay Spirals Out of Control

Peer benchmarking drives everyone higher

(Newser) - Amgen didn’t do terribly well under CEO Kevin Sharer last year—it eliminated some 2,700 jobs and its stock fell 3%. Yet Sharer pocketed a 37% raise, bringing his compensation to $21 million. Why? Because the board decided he should be paid “closer to the 75th percentile...

Many Firms Pay CEOs More Than the Taxman

Liberal think tank singles out 25 of the 100 highest-paid execs

(Newser) - Many in Washington are calling for lower corporate taxes, but many US corporations have now become so adept at dodging the taxman that they’re paying their CEOs a lot more than Uncle Sam, according to a new study from a liberal think tank. The study found that 25 of...

Executive Grandeur Fuels the Growing Income Gap
Executive Grandeur Fuels
the Growing Income Gap
landmark analysis
Jun 19, 2011 1:36 PM CDT

Executive Grandeur Fuels the Growing Income Gap

Execs represent a bigger share of top incomes than thought

(Newser) - Explaining the growing income gap in terms of percentages is easy. But things get murkier when it comes to defining who makes up that top .1% of earners who pull in a whopping 10% of the country's personal income. Or they did. Writing for the Washington Post , Peter Whoriskey...

Citi Boss Vikram Pandit Scores Huge Bonus

He'll make at least $23.2 million; had been earning $1

(Newser) - Vikram Pandit isn’t the lowest-paid guy on Wall Street anymore. Citigroup has rewarded its CEO, who has worked for a token $1 salary for the past two years, with a massive retention package. If the company hits its estimated performance, Pandit will make $23.2 million in stock and...

CEO Pay Jumps 11%
 CEO Pay 
 Jumps 11% 
May 9, 2011 2:38 AM CDT

CEO Pay Jumps 11%

Median compensation hits $9.3 million at America's biggest companies

(Newser) - CEO pay at America's 350 biggest companies soared in 2010, up 11% to a stunning $9.3 million, reports the Wall Street Journal . Most of that growing compensation came from executive bonuses, which leapt 19.7%. Topping the list was Viacom CEO Philippe Dauman, who made a cool $84....

CEO Salaries Climb Above Pre-Recession Levels

Average S&P company doling out $9M

(Newser) - Did you know there was some kind of recession recently? You wouldn't, if you looked at CEO paychecks. CEOs were paid more last year than they were in 2007, when unemployment was at half what it is now and the stock market was at record highs, the AP reports....

In 2010, Average CEO Pay Was...

...$9.6M, a 12% increase from 2009

(Newser) - Once again, it’s a good time to be a CEO in America. After shrinking during 2008 and 2009, executive pay is back on the rise, with many chief execs at major corporations making as much or more than they were before the recession hit. Last year, the median pay...

JPMorgan CEO Gets 1500% Raise

Plus, see what other CEOs made in 2010

(Newser) - Jamie Dimon had a pretty decent year: The JPMorgan CEO, who steered his bank through Wall Street's meltdown and saw it emerge as arguably the healthiest US bank, took home $20.8 million last year. That's up roughly 1500% over his $1.3 million compensation package the year before, notes...

Highest-Paid CEOs of the Year
 Highest-Paid 
 CEOs of the Year 
Nov 15, 2010 12:46 PM CST

Highest-Paid CEOs of the Year

Liberty Media boss Gregory Maffei rakes in $87.1M

(Newser) - Last year was a tough one—but the nation’s top-earning CEOs had little to complain about when it came to pay. The Wall Street Journal lists the bosses with the highest direct compensation at companies whose annual revenue broke $4 billion for the year ending Sept. 30, 2010:
  1. Gregory
...

HP's New CEO Pick Is Absolutely Bananas

Why would you pick an unemployed failed exec?

(Newser) - HP could have picked someone with a proven record to be its next CEO. It could have picked someone who knew its business, maybe an internal candidate, or a rising star at a rival company. “It could have found someone with a job,” suggests Adam Lashinsky of Fortune...

CEOs Who Laid Off the Most People Made the Most Money

(Newser) - Should it come as a surprise that those CEOs who fired the most people last year made the most money? The Institute for Policy Studies published a study today that showed that those CEOs who made the largest layoffs made about 50% more—$12 million in 2009, compared to an...

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