CEOs are raking in the dough more than ever.
That’s the findings from GMI Ratings’ 2013 CEO Pay Survey, which analyzed 2,259 CEOs from publicly-traded companies with a tenure of at least the last two years.
For the first time since GMI started compiling the rankings 11 years ago, each of the top ten highest-paid CEOs earned at least $100 million last year and earned a combined $4.7 billion — another new record. This is also the first time the top two CEO’s — Facebook’s Mark Zuckerberg and Kinder Morgan’s Richard Kinder — made more than $1 billion.
Important to note that this list includes compensation from stock options sales/proceeds, making up a large part of the top ten CEO’s 2012 salaries. Zuckerberg, for example, raked in $2.3 billion last year when he exercised 60 million stock options. The Facebook CEO is following the footsteps of many top CEOs and taking a $1 per year salary in 2013.
GMI Ratings also saw the median salary for the 2,259 CEOs surveyed increase 8.47 percent, marking the third straight year of boosts in salary. Also, industries like construction materials, office electronics, personal products, hotels, restaurants & leisure and household products had the biggest CEO pay hikes.
Here’s the top ten list:
- Mark Zuckerberg, Facebook, $2,278,668,214
- Richard Kinder, Kinder Morgan, $1,116,685,089
- Mel Karmazin, Sirius XM Radio, $255,355,676
- Gregory Maffei, Liberty Media, $254,890,638
- Timothy Cook, Apple, $143,828,867
- Edward Stack, Dick’s Sporting Goods, $142,052,496
- Gregory Maffei, Liberty Interactive, $136,450,484
- Howard Schultz, Starbucks, $117,562,601
- Marc Benioff, Salesforce, $109,544,875
- Frank Coyne, Verisk Analytics, $100,432,117