The CEOs for some of the largest companies in the U.S. saw an 8.5 percent raise this year, totaling $11.5 million in salary, stock, and other means. That is the largest raise since 2013.
According to a study done by Equilar, an executive data firm, the bump comes after stocks for these companies have done extremely well under their watch. Some shareholders are not thrilled with the CEO pay surge, and are making their voices known.
“It’s all out of whack right now,” said Heather Slavkin Corzo, director of the AFL-CIO Office of Investment. According to CNBC, she said CEOs for major U.S. companies make 347 times more than the average worker.
Here are the top five paid CEOs in the country:
- Thomas Rutledge of Charter Communications. He raked in $98 million with $88 million of that coming from stock.
- Leslie Moonves at CBS who kept his company at the top of network ratings for the 2015-16 season. He made $68.6 million. That included $63.9 million from bonuses and stock awards.
- Robert Iger of Walt Disney. He made a whopping $43 million and that’s after a bonus cut!
- David Zaslav of Discovery Communications came in fourth making $37.2 million. More than half off that salary came from stock and option award
- Robert Kotick of Activision Blizzard came in at number five making $33.1 million primarily through stocks. In order to receive the money, the company’s earning per share must hit a certain number.
The study done by the AP study includes pay data for 346 executives at S&P 500 companies who have served two fiscal years at their companies, and who also filed proxy statements between January 1 and May 1.
"BUILD THE WALL" bumper stickers now on sale. (BUY NOW)
If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).
To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.
Sign up to get breaking news alerts from Dennis Michael Lynch.
Puerto Rico is going bankrupt. Fast.