"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":
- Hock Tan, Broadcom, $103.2 million
- Les Moonves, CBS, $69.3 million
- W. Nicholas Howley, Transdigm, $61 million
- Jeff Bewkes, Time Warner, $49 million
- 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":
- Larry Page, Alphabet, $1
- Warren Buffett, Berkshire Hathaway, $100,000
- Steven Kean, Kinder Morgan, $382,000
- John Roberts, J.B. Hunt, $859,000
- 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":
- Indra Nooyi, PepsiCo, $31.1 million
- Debra Cafaro, Ventas, $25.3 million
- Marillyn Hewson, Lockheed Martin, $22.9 million
- Mary Barra, GM, $22 million
- Phebe Novakovic, General Dynamics, $21.5 million
See the lists.
