Just thought you would want to know that the nation’s highest paid CEO made $103 million last year.
The U.S. Has a New Highest-Paid CEO and He Made $103 Million Last Year
Alan Murray
The Conference Board’s CEO pay study—the most comprehensive annual review of pay practices—comes out Thursday. Fortune‘s email newsletter CEO Daily got an exclusive early look.
Here are some takeaways:
—Median CEO compensation increased 9.9% in 2017.
—The biggest companies saw the smallest increases. CEOs at companies with revenues of $25 billion to $49.9 billion were down 7%; those at companies with $50 billion and more were up just 1.4%.
—The highest paid CEOs of the nearly 2,500 in the study were Hock Tan of Broadcom and Frank Bisignano of First Data, with total comp of $103 million and $102 million, respectively—almost all in stock awards (base salaries were $1.1 million and $1.3 million). Both are new to the Top 25 list.
—Other CEOs in the Top 5: Michael Rapino of Live Nation Entertainment at $70.6 million, Mario Gabelli of Gamco Investors at $69.4 million, and the now-departed Les Moonves of CBS at $69.3 million.
—The number of women on the Top 25 list dropped from 4 to 3, with Oracle’s Safra Catz ranking highest at No. 18 with $40.7 million.
—Full value stock awards—including restricted stock that vests over time—have almost entirely replaced stock options as a component of pay, and now account for almost half of compensation.
Options have fallen out of favor as being too subject to manipulation.
—For the first time this year, companies were required to report the ratio between CEO pay and median employee pay. For S&P 500 firms the median ratio was 158; for Russell 3000 firms it was 70. Mindy Grossman of Weight Watchers, whose total pay package was $33 million, had the highest reported ratio, at 5908.
Diane Ravitch's blog 
Yet we are treated to endless complaints about teachers making too much money ….. Income inequality has hit truly obscene levels in the U.S.
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Tech CEOs, the worst — data collectors. Gee, can’t wait until they start using some of that money to buy elections and keep their nearly nonexistent taxes and everyone else down.
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There’s gold in standardization and data mining. Putting a large number of students on-line produces a gigantic revenue stream for a select few. With little to no regulation of this industry, the more people there are on-line, the more money there is to be made. In other industries as well, the CEOs are making out like bandits while people in most of the country struggle to pay their bills.
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Oh, tsk, tsk, poor Jeff Bezos only made $1.6 million last year. From timedotcom: This revelation comes courtesy of a new federal rule that requires public companies to disclose the pay ratio between their employees and executives. It’s led to some shocking disclosures in recent weeks, and Amazon is no exception. The commerce giant confirmed in an SEC filing last month that its median worker — the person who makes more than half of the staff and less than half of the staff — earned $28,446 in 2017. For comparison, Bezos’ annual compensation last year was over $1.6 million. End Quote
I guess that’s his official compensation for the year, one can only speculate about his total “earnings” (lootings) from his vast empire.
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Thanks for posting. My first-year writing classes are now doing their first research paper on economic inequality using similar data.
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In the MEANWHILE, this is happening:
https://popularresistance.org/national-park-service-proposes-severe-restrictions-on-protests-in-washington-dc/
So SICK. Will America become SANE again? We need Eleanor Roosevelt.
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