Holy cash. The 10 highest paid corporate captains are raking in an astronomical amount of money, so much that it's difficult to conceptualize earning that much in one year. According to a new report from The Corporate Library, seven of the 10 made more than $100 million last year including salary and stock options. Check out what the top dogs made in the list below.
- Michael Jeffries, Abercrombie & Fitch Co.: $71,795,744
- Eugene Isenberg, Nabors Industries Ltd.: $79,333,079
- Mark Papa, EOG Resources, Inc.: $90,471,784
- Bob Simpson, XTO Energy Inc.: $103,485,972
- Aubrey McClendon, Chesapeake Energy Corp.: $114,286,867
See the rest of the list, including the absolutely ridiculous number one earner's compensation, when you read more.
- Michael Watford, Ultra Petroleum Corp.: $116,929,392
- John Hess, Hess Corp.: $159,566,940
- Ray Irani, Occidental Petroleum Corp.: $222,639,705
- Lawrence Ellison, Oracle Corp.: $556,976,600
- Stephen Schwarzman, Blackstone Group: $702,440,573
Source: Getty
Sonia Rykiel
1What are all these companies anyways? I mean, obviously a bunch are energy companies (thanks for the high gas prices, guys!) but the only one on the whole list that I've even heard of is Abercrombie.
2Those numbers remind me of the Andy Sandberg quote on SNL's Weekend Update..."to give you an idea of how much money that is...I have no idea how much money that is"
3Blackstone is a financial services company and Oracle is a software company. I know I've heard of Hess (and I'm picturing their logo right now), but I can't place it for some reason.
4What would anyone even do with $700mil? That's an absurd # and completely unnecessary.
5Most of that isn't actual money, it's the value of Schwarzman's stock shares from the IPO.
6the fact that the petroleum heads make that much money just upsets me even more
7We staff and do payroll for the oil & gas industry, including Nabors and Chesapeake. I've seen what their employees make, and these CEO's are not sharing the wealth.
What I don't understand, is how do they come up with these salaries. Does anyone know? I mean, why would you need this much money?! And what does a CEO do that constitutes making so much money?
8It's interesting to me that a clothing company's CEO makes so much.
Ultimately, these are privately owned businesses. If you disagree with the amount the CEO is making don't buy their stock and don't buy their products or services.
9Bob Simpson, XTO Energy Inc.: is 56 years old. He also FOUNDED and has been with the company for 19 years. This is actually indictive of the american dream: Starting a business and being successful. Wow what a concept! But gee willy they don't share more of their hard earned money with their employees.
HOw much money does an actor, singer, or athlete make for one movie or one game? Do they share their wealth with their assistants and makeup artists? What about the fans who pay for a movie, cd, or a game?
10That's all paper wealth in the form of stock, not actual cash placed in their bank accounts. Investors would flip if their CEOs took down that dough from a company's cash balance.
And they're forced to hold their shares per se. If investors saw Lawrence Ellison selling half-a-billion dollars in stock, and they're all obligated to publicly report any sale in stock, expect ORCL shares to move down 10% in an instant as that isn't a good sign of faith in a company.
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