Investors didn't see a big pay day last year since the stock market was flat. But some CEOs sure did.
Eleven current CEOs of S&P 500 companies, including Philippe Dauman of media giant Viacom (VIAB), Marc Benioff of online sales software makerSalesforce.com (CRM) and Robert Iger of media powerhouse Disney (DIS), are members of the lucrative $30-million-a-year club, based on an analysis of data from S&P Global Market Intelligence by USA TODAY of the 418 CEO pay packages reported so far. Total pay package sums were tallied using the methodology required by the Securities and Exchange Commission.
Breaking the $30 million-a-year barrier was even more rare this year because the stagnant stock market stalled earnings growth, and anemic gains in pension values due to accounting changes put a lid on gains. In 2014, 22 of current S&P 500 CEOs made $30 million or more.
"These kinds of paychecks are really out of line," says Eleanor Bloxham, CEO of The Value Alliance, an advisory service for corporate boards and executives. These pay packages "are not just out of line with what shareholders are making ... (they are) causing negative effects on the economy."
The biggest pay package was awarded to Dauman to the tune of $54.2 million. That fiscal 2015 pay package was 22% more than the previous year's
No comments:
Post a Comment