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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAs pay gaps widen, America’s CEOs break record as top earners take home at least $100 million each
For the first time ever, the 10 highest-paid chief executives in the US all received more than $100m in compensation and two took home billion-dollar paychecks, according to a leading annual survey of executive pay.
Mark Zuckerberg, Facebooks co-founder, was the USs highest paid boss last year, according to GMI Ratings annual poll of executive compensation, released on Tuesday. Zuckerbergs total compensation topped $2.27bn more than $6m a day. His base salary was $503,205 but the vast majority of his enormous payday came from exercising 60m Facebook share options when the company went public last year.
Richard Kinder, CEO and chairman of energy firm Kinder Morgan had a base salary of just $1 in 2012 and received no other bonuses. But he made $1.1bn selling restricted stock. The payout follows a nearly $60m profit from stock in 2011.
All told, the top 10 CEOs in this years poll took home over $4.7bn between them and for the first time ever none earned less than $100m. I have never seen anything like that, said Greg Ruel, GMIs senior research consultant and author of the report. Usually we have a few CEOs at the $100m-plus level but never the entire top 10.
More at: http://www.rawstory.com/rs/2013/10/22/as-pay-gaps-widen-americas-ceos-break-record-as-top-earners-take-home-at-least-100-million-each/
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As pay gaps widen, America’s CEOs break record as top earners take home at least $100 million each (Original Post)
Playinghardball
Oct 2013
OP
I don't care if they crap gold, there ain't *NO* CEO worth $100 million a year. nt
Buns_of_Fire
Oct 2013
#3
fitman
(482 posts)1. I saw this starting 12-15 years ago with my business clients I call on
The owners and key employees wages went through the roof but regular employees and expendibles stayed stagnant or went down..won't even discuss benefits.
MANative
(4,112 posts)2. And my husband, a manager at the largest pharmacy chain in the US....
hasn't had a raise in five years. Not one manager in his region has had one, either. They "froze wages" during the financial crisis and haven't yet unfrozen them.
Buns_of_Fire
(17,181 posts)3. I don't care if they crap gold, there ain't *NO* CEO worth $100 million a year. nt
Brigid
(17,621 posts)4. Read Major the pig's speech at the beginning of "Animal Farm."
That is all.
woo me with science
(32,139 posts)5. K&R