In our last blog post, we talked about CEO pay compared to their employees
. The disparity, as you may have guessed, was quite pronounced. We thought it only natural then to look at the highest paid CEOs. The list might surprise you a bit, as the CEOs of Apple, Google and Microsoft don’t even make the top 10.
Not every CEO earns tens of millions of dollars (or more). In fact, the average salary for a small business CEO in business services is only $138,000, according to Salary.com parent company KeneXa. Not bad, but not close to the astronomical figures you’ll see below. From salary to performance based pay to stock options and much more, these professionals are nicely compensated for the work they do.
According to TIME, here are the 10 highest paid CEO’s of based on 2013’s salaries:
1. Elon Musk, Tesla Motors. $78.2 million.
2. Larry Ellison, Oracle. $77 million.
3. Mario Gabelli, Gamco Investors. $69 million.
4. Robert Kotick, Activision Blizzard. $64.9 million.
5. Leslie Moonves, CBS. $62.2 million.
6. John Hammergren, McKesson. $51.7 million.
7. David Zaslav, Discovery Communications Class. $49.9 million.
8. E. Hunter Harrison, Canadian Pacific Railway. $49.2 million.
9. Richard Bracken, HCA Holdings. $46.4 million.
10. Gerald Rubin, Helen of Troy. $41.6 million.
As you can see, the 10 highest paid CEO’s of 2013 each earned in excess of $41 million. While the numbers above are big, it is important to note that not every CEO is earning this much. However, many are finding that a seven-figure payday is something they should expect.
The AFL-CIO compiled pay data from 327 of the largest companies in the United States, noting that the average CEO pay is $12.3 million. This includes salary, bonuses, stock awards and other incentives.
Some CEO pay is higher than average (see the list above) while some don’t earn nearly this much. That being said, there is no denying the fact that CEO salaries are on the rise. These professionals are making out big time!