May 10, 2018

The highest and lowest paid CEOs in America

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.

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Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

The novel coronavirus has now killed more than 2,000 people for the second day in a row, and it's infected more than 432,000 others, per Johns Hopkins data.

Where it stands: More than 14,800 people have died of COVID-19 in the U.S. — including over 4,500 in New York. The state's death toll surged to its highest one-day total on Wednesday — beating the previous day's record. 779 people died in New York in 24 hours. N.Y. has reported more cases than the most-affected countries in Europe.

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British Prime Minister Boris Johnson is "stable, improving, sat up and engaged with medical staff" in the intensive care unit of London's St. Thomas' Hospital, where he is being treated for the coronavirus, Culture Minister Oliver Dowden told the BBC Thursday.

Zoom in: The update comes as ministers meet to discuss whether to extend the United Kingdom's lockdown and after the country's health officials reported Wednesday the highest daily rise in COVID-19 deaths — 938, taking the total to over 7,300. London Mayor said Wednesday the U.K. is "nowhere near lifting the lockdown," with the virus not expected to peak there until next week.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 1,484,811 — Total deaths: 88,538 — Total recoveries: 329,876Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 432,132 — Total deaths: 14,817 — Total recoveries: 23,906Map.
  3. Federal government latest: Top Trump administration officials had been developing a plan to give cloth masks to huge numbers of Americans, but the idea lost traction amid heavy internal skepticism.
  4. States latest: New York has reported more cases than the most-affected countries in Europe. Chicago's Cook County jail is largest-known source of coronavirus in U.S.
  5. Business: One-third of U.S. jobs are at risk of disappearing, mostly affecting low-income workers.
  6. World: WHO Director-General Tedros Adhanom Ghebreyesus urged countries to put politics aside "if you don’t want to have many more body bags.”
  7. Environment: COVID-19 is underscoring the connection between air pollution and dire outcomes from respiratory diseases.
  8. Tech: A new report recommends stimulus spending to help close the digital divide revealed by social distancing.
  9. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it.

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