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Larry Page, CEO of Google's parent company, Alphabet, only took home $1 last year. Photo: Kimberly White/Getty Images for Fortune

"Median pay reached $12.1 million for CEOs of the biggest U.S. companies in 2017, a new post-recession high, as profits and stock prices soared," reports the Wall Street Journal.

The details: "Most S&P 500 CEOs received raises of 9.7% or better last year," and "CEOs at pharmaceutical, media, technology and financial firms dominated the WSJ’s pay ranking, taking 16 of the 25 top spots."

"Here are the highest-paid CEOs of 2017, excluding those who came or went during the year":

  1. Hock Tan, Broadcom, $103.2 million
  2. Les Moonves, CBS, $69.3 million
  3. W. Nicholas Howley, Transdigm, $61 million
  4. Jeff Bewkes, Time Warner, $49 million
  5. Stephen Kaufer, TripAdvisor, $47.9 million

"Lowest paid ... There were 26 CEOs in the S&P 500 making $5 million or less last year. Three of the lowest paid, Larry Page, Warren Buffett and Jeff Bezos, are billionaire founders":

  1. Larry Page, Alphabet, $1
  2. Warren Buffett, Berkshire Hathaway, $100,000
  3. Steven Kean, Kinder Morgan, $382,000
  4. John Roberts, J.B. Hunt, $859,000
  5. Jeff Bezos, Amazon, $1.7 million

"Women ran 25 of the S&P 500 companies at some point during 2017, down from 26 the prior year. Those on the job at least a year tended to make more than men, with half earning at least $14 million":

  1. Indra Nooyi, PepsiCo, $31.1 million
  2. Debra Cafaro, Ventas, $25.3 million
  3. Marillyn Hewson, Lockheed Martin, $22.9 million
  4. Mary Barra, GM, $22 million
  5. Phebe Novakovic, General Dynamics, $21.5 million

See the lists.

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

Technical glitch in Facebook's ad tools creates political firestorm

Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

4 hours ago - Health

States beg for Warp Speed billions

A COVID-19 drive-thru testing center yesterday at Hard Rock Stadium in Miami Gardens. Photo: David Santiago/Miami Herald via AP

Operation Warp Speed has an Achilles' heel: States need billions to distribute vaccines — and many say they don't have the cash.

Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.