CEO Pay Survey 2011: 10 Highest-Paid CEOs In AP Survey

-- The 10 highest-paid CEOs for 2011, according to an Associated Press analysis of Standard & Poor's 500 companies. The analysis includes companies that had the same CEO for all of 2010 and 2011 and that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 30.

They are based on the AP's compensation formula, which adds up salary, perks, bonuses, preferential interest rates on pay set aside for later, and company estimates for the value of stock options and stock awards on the day they were granted last year.

1. David Simon, Simon Property Group, $137.2 million, up 458 percent

2. Leslie Moonves, CBS, $68.4 million, up 20 percent

3. David M. Zaslav, Discovery Communications, $52.4 million, up 23 percent

4. Sanjay K. Jha, Motorola Mobility, $47.2 million, up 262 percent

5. Philippe P. Dauman, Viacom, $43.1 million, down 49 percent

6. David M. Cote, Honeywell International, $35.7 million, up 135 percent

7. Robert A. Iger, Walt Disney, $31.4 million, up 12 percent

8. Clarence P. Cazalot Jr., Marathon Oil, $29.9 million, up 239 percent

9. John P. Daane, Altera, $29.6, million, up 278 percent

10. Alan Mulally, Ford Motor, $29.5 million, up 11 percent

___

Source: Equilar.

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• 10. Alan Mulally - Ford

  <strong>Compensation in 2011:</strong> $29.5 million<br> <strong>Change from 2010:</strong> Up 11 percent

• 9. John P. Daane - Altera

  <strong>Compensation in 2011:</strong> $29.6 million<br> <strong>Change from 2010:</strong> Up 278 percent

• 8. Clarence P. Cazalot Jr. - Marathon Oil

  <strong>Compensation in 2011:</strong> $29.9 million<br> <strong>Change from 2010:</strong> Up 239 percent

• 7. Robert A. Iger - Walt Disney

  <strong>Compensation in 2011:</strong> $31.4 million<br> <strong>Change from 2010:</strong> Up 12 percent

• 6. David M. Cote - Honeywell International

  <strong>Compensation in 2011:</strong> $35.7 million<br> <strong>Change from 2010:</strong> Up 135 percent

• 5. Philippe P. Dauman - Viacom

  <strong>Compensation in 2011:</strong> $43.1 million<br> <strong>Change from 2010:</strong> Down 49 percent

• 4. Sanjay K. Jha - Motorola Mobility

  <strong>Compensation in 2011:</strong> $47.2 million<br> <strong>Change from 2010:</strong> Up 262 percent

• 3. David M. Zaslav - Discovery Communications

  <strong>Compensation in 2011:</strong> $52.4 million<br> <strong>Change from 2010:</strong> Up 23 percent

• 2. Leslie Moonves - CBS

  <strong>Compensation in 2011:</strong> $68.4 million<br> <strong>Change from 2010:</strong> Up 20 percent

• 1. David Simon - Simon Property Group

  <strong>Compensation in 2011:</strong> $137.2 million<br> <strong>Change from 2010:</strong> Up 458 percent

Comments

[Director4u2c]

02:05 PM on 06/05/2012

Welcome to the new Feudal system Americans, every vote for a Republican means giving up everything we as a people gained over 50yrs and just watching the kings and queens run away with it all while you sit at home watching reality TV. Get out and vote and make sure that you vote in your economic best interest. Everytime you vote for a republican, you chip away at every dollar you make and every life lost in wars protecting the things people like this list use to make money off of you.

[Rob Skeffington]

10:06 PM on 05/27/2012

It’s not right that the just and the honorable die so young, while the rich and the powerful profit from the sacrifice that they made and continue to make. They make so little, yet give so much for this country, while the privileged sip thousand dollar bottles of wine enjoying the very freedom these great men and women gave their all for. This inequity, this lack of balance, this total injustice to their memory makes me cry. I consider myself a patriot, a flag waving American who still stands with pride when the flag is unfurled and the our anthem played. My heart beats faster and my eyes well up with pride for this country and it people. However these tears are for the 6000+ dead from both the Iraq and Afghanistan war and the total lack of respect given to them. DID YOU KNOW ?? – The total CEO compensation listed in this article for a single person $138M, if divided by 6000+ dead is still more than the starting salary for any enlisted E-1. This is way we should cry, the value of the one (rich) out ways that of the many (Just)

[BillGresho]

09:53 PM on 05/26/2012

David Simon. $137 million??? Where is the picture? Must be embarrased. Let's see. Simon Properties = Simon Malls = Simon Brothers. Oh yes, dad and uncle started the company with a strip mall on the Northeast side of Indianapolis. That's how he got his position???

[Karthik Vaja]

03:50 AM on 05/26/2012

The type of leadership at the top really decides how the company works. He is sort of like a role model for the company. So knowing about the leadership in a company is important to know what kind of company it is. For job seekers, i think tools like www.barebars.com are really important in knowing about the company in terms of its leadership.

[panamarine]

02:26 PM on 05/25/2012

And the President of the United States makes $400,000.00 a year !!! What's wrong with this picture? Whose job is more important to the country and the world? The President should get a hefty salary increase every year until he leaves the office. The incoming President then starts off at the same $400,000.00 and gets HIS increase every year. Congress (the Board Members) should vote on it.

[alumcreek]

01:03 PM on 05/25/2012

These guys work 23 hours and 59 minutes each day and take off only 1 minute for a bathroom break during which time they nap while they are fed intravenously.

[msminnie]

01:39 PM on 05/25/2012

That sounds like the work day of a stay-at-home parent!

I LOVE the 3 digit salary increases some of those guys received. (Emphasis on GUYS). I live in a middle class area of wealthy suburb and have discussed corporate salaries with several high income people. I have never heard a "real world" answer to the question, "How much is too much?" Most people think I'm asking a rhetorical question and those who take me seriously claim "the weight of the world"-type positions require huge salaries.

I don't doubt these position require intelligence, dedication and guts but I don't think ANY leadership position is worth $20 million, especially when you factor in the company's line employee salaries. How much could CBS improve the economy if they took Moonves' 20% increase (of 68.4 million) and passed it to their non-executive employees? THAT'S what I call trickle down economics.

[alumcreek]

02:09 PM on 05/25/2012

I know some people who get that sort of compensation. They know how to control a meeting and agenda but they tend to know precious little else. When Steve scully was brought over from Pepsi to take over Apple Computers. He had a company that controlled 88% of the market. When Steve Jobs was asked to come back, the company had less than 2% of the market. Steve Scully was paid many millions to nearly choke the life out of Apple.
One of my friends took a class in Harvard Business school during the early 60s where he was told that any manager can manage any company. He hired a VP from UPS who took 2 years to drive my friend into his one and only bankruptcy. Seems that knowing how to move packages quickly around the country teaches you precious little about selling women's shoes in discount stores.

[bwin]

01:00 PM on 05/25/2012

There are pro athletes and entertainers who are more skilled and work harder than these white males of privilege and connections. And I think pro athletes and entertainers are overpaid. Blame their board of directors, though. They are to blame, and please note they are usually also handpicked for those board positions. It's very cozy in that boardroom.

[William Graham]

12:41 PM on 05/25/2012

They say "Who are you to say we do not deserve this?"

Well, who's to say you do? One reason Republicans exist is because making that decision is avoided by saying "The market decides." The market decides nothing; it is amoral.

They have no skills either learned (Bill Gates' life proves this) nor inherited that makes them worth these earnings. It is market value only that investors are willing -- through pure greed -- to provide these CEO's. Workers take a big risk investing time of their lives; "risk takers" avoid risk where possible. The guy's just ain't worth it! Their "skills" are merely their environment. Put a cow in this environment and it could run a company. Well, that was just a bit of an exaggeration.

[William Faust]

12:29 PM on 05/25/2012

If a company is public then those compensation packages are a slap in the face of the shareholders. Call me what you will but I dont think any one person should be paid anywhere near that much for a job especially for a company that is publicly traded. With that said if it is a privately held company then whatever - the sky is the limit.

[Dunelm]

12:14 PM on 05/25/2012

And this is why Obama has to be re-elected and Democrats need a majority in both houses. Another research project showed executives making 400 times what their average employee earns. It used to be 20 times. Greed is our downfall.

[jeansy]

01:19 PM on 05/25/2012

"Greed is our downfall"...no matter how many times we speak those words nothing seems to change. The GREEDY people of the world continue to make it harder and harder for the person of average means to make it. I cannot begin to understand how these humans can bear to look at themselves in the mirror and exactly WHAT goes on in their brain cells, it is simply mind-boggling. What in heavens name is the point in having far far more money than one needs and all the THINGS money can buy (multiple houses, vehicles, and the toys with all the bells and whistle) while the abillity of another person accruing a house is next to impossible due to that greed. While watching HGTV million dollar rooms a home was showcased wherein the owner is a collector of motorcylces and houses 100 motorcyles, some of which still have the price tags dangling from them and many that had never been cranked since their arrival....how insane is that. Accumulating things to that vulgar extent is nothing more than GREED. Many of us could live a better life if there were not greedy property owners/realtors, greedy CEOs and the like. We can point out that fact until the cows come home, but until something is done to put an end to the GREED, we will be having this same conversation this time next year and for years to come, it is as simple as that.

[Dunelm]

04:58 PM on 05/25/2012

I agree.  Greed is an addiction.

[Sweettunia]

12:01 AM on 05/26/2012

I quit watching all the crap on HGTV and any other channel that wants to showcase greed. I find it degrading to participate in their ability to show the rest of us how they live.

[johnrf]

12:13 PM on 05/25/2012

Imagine being on a 2 week vacation and making 5 million in salary while you're relaxing. It is hard to imagine what they do with all the money.

[bwin]

01:03 PM on 05/25/2012

I can guarantee the vast majority doesn't trickle down to anyone. Most of their money is used to get more money.

[MadIdahoMan]

12:12 PM on 05/25/2012

99% of you are hypocrites! I guarantee that someone in a position similar to yours is making less money than you. Have you offered your own excessive pay to those who are less fortunate to balance it out? Nope. I can't wait to hear from the 1% of you liberals who practice what you preach.

[fredsmom]

12:38 PM on 05/25/2012

If I were making millions then yes, I would share some of my compensation with those who are making 400 times less than me. Your critic of people making maybe .25cents more an hour than someone else is stupid.

[MadIdahoMan]

08:15 PM on 05/29/2012

Not really. It's a principal. When would you decide enough is enough? 25 cents? 25 dollars? 25 million? At some point people like yourselves start to notice. And what do you do about it? Try to create laws unfair to a certain group of people to remedy your pathetic attitude.

[William Graham]

12:56 PM on 05/25/2012

Noble business creators pay back those from whom risk was "borrowed," through capital. Today business farms the risk out to taxpayers and bitches about repayment. Ugly SOB's at their best and crooks at their worst. Give me a good ol' time capitalist any day!

Workers are just as "noble" as the wealthy investor. To say otherwise is just to value money money money. Wealth is wonderful! Let's share it with those who CREATE it for a change!

[MadIdahoMan]

12:10 PM on 05/25/2012

So, they made a lot of money. Why do the liberals on Huff Po assume that's bad?

Do you assume these CEOs are just sitting around counting their gold coins?
I assume they are spending a good portion of their pay helping start other companies, invest in other companies, buying goods and services, and giving to charities.

Good job progressives. Your continual acts of "Class Warfare" have only proven you to be bitter, whiny, sniveling, poor sports who don't like the outcome of this game called life.

[William Graham]

12:58 PM on 05/25/2012

So, they made a lot of money. Why do the reactionaries on Huff Po assume that's good?

Money in and of itself is not good. What is good is the reward of effort and creativity and risk taking. Risk is taken by capitalists who gamble on market returns AND by laboreres or workers who gamble on the success of an enterprise in which they have invested their lives.

Why do YOU worship money?

[MadIdahoMan]

08:07 PM on 05/29/2012

I don't worship money. I expect the capitalists to get as much return as possible for their investment. I also expect laborers to get as much return as possible for their own investment. In a free market, each gets what they are worth.

[bwin]

01:07 PM on 05/25/2012

This "game called life" only works for white males! That's one thing wrong with this scenario.

[Cgcg75]

12:08 PM on 05/25/2012

0% are female of these top ten, 10% (1 of 10) are non-caucasian.

[Ronald Pardue]

12:00 PM on 05/25/2012

i think that i could livee on about 50 million a year . no wonder why they don't care about ruining peoples lives.