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Biggest Executive Bonuses of the Past Decade

Biggest Bonuses of the Decade

Executive compensation - particularly bonuses - has been the source of much fury both on Capitol Hill and on Main Street. The Obama administration has also set it sights on these pay packages, most recently by cracking down on executive compensation at bailed-out firms. Given the attention being paid to multi-million dollar paydays, CNBC.com enlisted the help of , an executive compensation research firm, to find out which executives received the most massive bonus payouts of the decade.Equilar l
Photo: Southern Stock | Getty Images

Executive compensation - particularly bonuses - has been the source of much fury both on Capitol Hill and on Main Street. The Obama administration has also set it sights on these pay packages, most recently by cracking down on executive compensation at bailed-out firms.

Given the attention being paid to multi-million dollar paydays, CNBC.com enlisted the help of Equilar, an executive compensation research firm, to find out which executives received the most massive bonus payouts of the decade.

By Brooke Sopelsa
Posted 29 Oct 2009

Methodology:
Equilar looked at the named executive officers among the Russell 3000 companies that received a bonus over the last 10 years. All values were taken from each company’s proxy statement. Only values included in the bonus column of the summary compensation table were considered. The firm excluded any equity awards not included in the bonus column along with cash distributions associated with ownership in the company.

The following slideshow represents the top ten bonus recipients. Executives who received multiple record bonuses were ranked by their largest bonus amount, and their other record bonuses were mentioned at the bottom of the slide.

10. (Tied) Gary D. Cohn

Bonus:  $26,743,500Year:  2006Company:  Goldman SachsTitle:  President & COOCurrent Position @ Company:  President & COOOther record bonuses: Mr. Cohn also received a bonus of $26,585,474 in 2007.
Photo: Getty Images

Bonus:  $26,743,500
Year:  2006
Company:  Goldman Sachs
Title:  President & COO
Current Position @ Company:  President & COO

Other record bonuses: Mr. Cohn also received a bonus of $26,585,474 in 2007.

10. (Tied) Jon Winkelried

Bonus:  $26,743,500Year:  2006Company:  Goldman SachsTitle:  President & COOCurrent Position @ Company:  Mr. Winkelried retired in 2009.Other record bonuses: Mr. Winkelried also received a bonus of $26,585,474 in 2007.
Photo: University of Chicago

Bonus:  $26,743,500
Year:  2006
Company:  Goldman Sachs
Title:  President & COO
Current Position @ Company:  Mr. Winkelried retired in 2009.

Other record bonuses: Mr. Winkelried also received a bonus of $26,585,474 in 2007.

9. Lloyd C. Blankfein

Bonus:  $27,243,500Year:  2006Company:  Goldman SachsTitle:  Chairman & CEOCurrent Position @ Company:  Chairman & CEOOther record bonuses: Mr. Blankfein also received a bonus in 2007 of $26,985,474.
Photo: India Today Group | Getty Images

Bonus:  $27,243,500
Year:  2006
Company:  Goldman Sachs
Title:  Chairman & CEO
Current Position @ Company:  Chairman & CEO

Other record bonuses: Mr. Blankfein also received a bonus in 2007 of $26,985,474.

8. Sanford I. Weill

Bonus:  $29,000,000Year:  2003Company:  CitigroupTitle:  ChairmanCurrent Position @ Company:  Mr. Weill retired in 2006.
Photo: AP

Bonus:  $29,000,000
Year:  2003
Company:  Citigroup
Title:  Chairman
Current Position @ Company:  Mr. Weill retired in 2006.

7. Sheldon G. Adelson

Bonus:  $30,000,000Year:  2004Company:  Las Vegas SandsTitle:  Chairman, CEO & TreasurerCurrent Position @ Company:  Chairman, CEO & Treasurer
Photo: AP

Bonus:  $30,000,000
Year:  2004
Company:  Las Vegas Sands
Title:  Chairman, CEO & Treasurer
Current Position @ Company:  Chairman, CEO & Treasurer

6. Robert I. Toll

Bonus:  $30,402,451Year:  2004Company:  Toll BrothersTitle:  Chairman & CEOCurrent Position @ Company:  Chairman & CEOOther record bonuses: Mr. Toll received a bonus of $27.3 million in 2005 paid in both cash and stock.
Photo: Toll Brothers, Inc.

Bonus:  $30,402,451
Year:  2004
Company:  Toll Brothers
Title:  Chairman & CEO
Current Position @ Company:  Chairman & CEO

Other record bonuses: Mr. Toll received a bonus of $27.3 million in 2005 paid in both cash and stock.

5. Lawrence J. Lasser

Bonus:  $33,000,000Year:  2000Company:  Marsh & McLennan CompaniesTitle:  President, Putnam InvestmentsCurrent Position @ Company: Mr. Lasser left the company in 2003. Other record bonuses: Mr. Lasser received a bonus of $26 million in 1999.
Photo: AP

Bonus:  $33,000,000
Year:  2000
Company:  Marsh & McLennan Companies
Title:  President, Putnam Investments
Current Position @ Company: Mr. Lasser left the company in 2003.

Other record bonuses: Mr. Lasser received a bonus of $26 million in 1999.

4. Milan Panic

Bonus:  $33,550,000Year:  2002Company:  Valeant Pharmaceuticals InternationalTitle:  Chairman & CEOCurrent Position @ Company:  Mr. Panic left the company in 2002.
Photo: MilanPanic.com

Bonus:  $33,550,000
Year:  2002
Company:  Valeant Pharmaceuticals International
Title:  Chairman & CEO
Current Position @ Company:  Mr. Panic left the company in 2002.

3. Eugene M. Isenberg

Bonus:  $33,600,000Year:  2008Company:  Nabors IndustriesTitle:  Chairman & CEO  Current Position @ Company:  Chairman & CEOOther record bonuses: Mr. Isenberg received bonuses of $50.9 and $43.2 million in 2007 and 2006, of which he received $22.5 and $22 million in cash, respectively.
Photo: Umass.com/nabors

Bonus:  $33,600,000
Year:  2008
Company:  Nabors Industries
Title:  Chairman & CEO  
Current Position @ Company:  Chairman & CEO

Other record bonuses: Mr. Isenberg received bonuses of $50.9 and $43.2 million in 2007 and 2006, of which he received $22.5 and $22 million in cash, respectively.

2. Bob R. Simpson

Bonus:  $35,500,000Year:  2007Company:  XTO EnergyTitle:  Chairman & CEOCurrent position @ company:  ChairmanOther record bonuses: Mr. Simpson received a $31 million bonus in 2005 and 2006, and a $30 million bonus in 2008.
Photo: XTO Energy

Bonus:  $35,500,000
Year:  2007
Company:  XTO Energy
Title:  Chairman & CEO
Current position @ company:  Chairman

Other record bonuses: Mr. Simpson received a $31 million bonus in 2005 and 2006, and a $30 million bonus in 2008.

1. Steve Jobs

Bonus:  $43,511,534Year: 2001 Company:  AppleTitle:  CEOCurrent Position @ Company: CEO
Photo: Getty Images

Bonus:  $43,511,534
Year: 2001
Company:  Apple
Title:  CEO
Current Position @ Company: CEO