Highest Paid CEO
April 11, 2011 by Post Team
Highest Paid CEO, Viacom CEO Philippe Dauman is the highest paid CEO in the nation among all industries, not just the media and entertainment, according to a report in The New York Times.
In The Hollywood Reporter reported earlier, the executive received compensation in the amount of .5 million for fiscal year 2010 of the company, which had only nine long months due to a change in the timing of financial reporting.
That was more than half of the remuneration received for all of 2009, which amounted to 34 million. The company said earnings were due in part to the action of a one-time award options as part of a new labor contract signed long-term last year.
Arriving at No. 2 was the CEO of Occidental Petroleum, Ray Irano and 76.1 million in compensation last year.
Lawrence Ellison, CEO of software company Oracle, landed at No. 3 with 70.1 million.
Three other media company CEOs in the top 10: Mike White DirecTV was No. 4 with 32.9 million, Brian Roberts of Comcast at No. 6 with 28.2 million, and Robert Iger of Disney and was No. 7 and 28 million.
Another means of communication and Director General of entertainment is not on the list until No. 29: News Corp. ‘s Rupert Murdoch, and 16.8 million.
According to the Times, which hired a compensation-consulting firm Equilar for the study, senior executives of major companies earned an average wage and 9.6 million last year. This represents an increase of 12 percent over the previous year.
The Times reports that quarterly earnings in U.S. companies rose .2 percent – the highest growth in 60 years – but the unemployment rate stood at .8 percent and is not expected to decrease significantly at any time in the near future.
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