An Early Read on 2011’s Top 5 Paid CEOs
Financial firms continue to take flack for what many see as the outsized compensation they pay, but an early look at CEO pay for 2011 shows the biggest paychecks were doled out to the top executives at entertainment firms.
Pay consultant Steven Hall and Partners examined the first 100 proxies filed by firms with over $1 billion in revenue. The proxies were filed between January 1, 2012 and March 7, 2012, and the study included only those companies whose CEOs had been in the job for at least two years.
These rankings are likely to change given hundreds of more large companies will be filing their proxies in the coming weeks, but in this first pass, Viacom’s Philipe Dauman comes out on top when it comes to 2011 pay. The entertainment giant paid Dauman $43.1 million total compensation, a 49 percent decrease from 2010 when a huge retention grant pushed his total pay above $80 million. Dauman’s pay fell even as Viacom delivered a 22.5 percent increase in total shareholder return for 2011.
Second Top Paid CEO for 2011
Second on the top paid list, Disney’s CEO Bob Iger.
Hit total compensation jumped 12 percent to $31.3 million dollars even as total shareholder return for investors in the operator of theme parks and movie studios dropped eight percent last year.
Third Top Paid CEO for 2011
Chipmaker Qualcomm doubled the stock awards granted to CEO Paul Jacobs in 2011, bringing his total pay to $21.7 million.