Ever wondered how much the CEOs of huge MNCs earn? The amount they earn will surely make you jealous. As expected, most of the CEOs are from tech industries which are currently booming. Today we are here with the list of top 10 highest paid CEOs in 2016 as reported by Bloomberg Pay Index.
10. Mario J. Gabelli
Mario Joseph Gabelli is an American stock investor, investment advisor, and financial analyst. He is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (GAMCO Investors), an investment firm headquartered in Rye, New York. Forbes Magazine listed him as #346 on the list of wealthiest Americans in the 2006 Forbes 400 and estimated his net worth at $1 billion as of 2011.
He was paid $75,965,266 (Rs. 490 Crore) as management fees for the year 2016.
9. Leslie Moonves
Moonves served as Co-President and Co-Chief Operating Officer of Viacom, Inc., the predecessor to CBS Corporation, from 2004 until the company split on December 31, 2005. Prior to that, he had a series of executive positions at CBS, since July 1995. He has been a Director at ZeniMax Media since 1999.He became Chairman of CBS in February 2016.
He was paid $83,645,290 (Rs. 540 Crore) by CBS Corp for the year 2016 which accounted as follows.
Salary $3,500,000 (Rs. 22 Crore)
Bonus $37,035,824 (Rs. 238 Crore)
Stock Awards $19,399,772 (Rs. 125 Crore)
Sign-on/Special Awards $21,605,979 (Rs. 139 Crore)
Pension, Deferred & Other $2,103,715 (Rs. 13 Crore)
8. Philippe P. Dauman
Philippe Pierre Dauman is the former President, CEO and Chairman of Viacom. He has served at this post since September 2006. Dauman is a longtime associate of the company’s chairman Sumner Redstone. Dauman served from 1994 to 2000 as a member of Viacom’s executive committee and as executive vice president in charge of strategic transactions, legal and government affairs, human resources and administration, supervising Paramount Pictures Entertainment, Showtime Networks and Simon & Schuster. Dauman was also a director at Redstone-owned CBS Corporation until September 2006.
He was paid $87,841,249 (Rs. 567 Crore) by Viacom for the year 2016. Here’s the detailed information.
Salary $3,600,000 (Rs. 23 Crore)
Bonus $9,707,650 (Rs. 62 Crore)
Stock Awards $8,108,046 (Rs. 52 Crore)
Option Awards $7,983,745 (Rs. 51 Crore)
Separation Payments $58,000,000 (Rs. 373 Crore)
Pension, Deferred & Other $441,808 (Rs. 2 Crore)
7. Mitch Garber
Mitch Garber is a Canadian business executive who is currently the CEO of Caesars Acquisition Company, Caesars Interactive Entertainment, the World Series of Poker and is Chairman of Cirque du Soleil. He was initially a lawyer by profession.
He earned $91,146,468 (Rs. 589 Crore) from Caesars Acquisition Co. Details are given below.
Salary $558,573 (Rs. 3 Crore)
Bonus $1,112,500 (Rs. 7 Crore)
Acquisition Awards $89,475,395 (Rs. 576 Crore)
6. Virginia M. Rometty
Virginia Marie “Ginni” Rometty is an American business executive. She is the current chairman, president and CEO of IBM, and the first woman to head the company. Prior to becoming president and CEO in January 2012, she held the positions of senior vice president and group executive for sales, marketing, and strategy at IBM. She joined IBM as a systems engineer in its Detroit office in 1981.
IBM paid her $96,764,750 (Rs. 625 Crore). The details are given below.
Salary $1,600,000 (Rs. 10 Crore)
Bonus $4,950,000 (Rs. 31 Crore)
Stock Awards $15,105,991 (Rs. 97 Crore)
Option Awards $73,879,712 (Rs. 476 Crore)
Pension, Deferred & Other $1,229,047 (Rs. 7 Crore)
5. Elon Musk
Elon Reeve Musk is the founder, CEO, and CTO of SpaceX; a co-founder, an investor, CEO, and product architect of Tesla Inc,; co-chairman of OpenAI and founder and CEO of Neuralink. He was previously co-founder and chairman of SolarCity; co-founder of Zip2; and founder of X.com, which merged with Confinity and took the name PayPal. As of May 2017, he has an estimated net worth of $15.2 billion, making him the 80th-wealthiest person in the world. In December 2016, Musk was ranked 21st on the Forbes list of The World’s Most Powerful People.
He earned $99,744,920 (Rs. 644 Crore) through Tesla Inc. for the year 2016. His earnings include:
Salary $45,936 (Rs. 29 Lakh)
Option Awards $99,698,984 (Rs. 642 Crore)
4. Sundar Pichai
Pichai Sundararajan, also known as Sundar Pichai, is an Indian-American business executive. Pichai is the chief executive officer (CEO) of Google Inc. Formerly the Product Chief of Google, Pichai’s current role was announced on 10 August 2015, as part of the restructuring process that made Alphabet Inc. into Google’s parent company, and he assumed the position on 2 October 2015.
He was paid $106,502,419 (Rs. 687 Crore)by Google Inc. for the year 2016. The net amount was accounted as:
Salary $650,000 (Rs. 4 Crore)
Stock Awards $105,480,009 (Rs. 680 Crore)
Pension, Deferred & Other $372,410 (Rs. 2 Crore)
3. John S. Weinberg
John S. Weinberg is Chairman of the Board and Executive Chairman of Evercore, a position he has held since November 2016. Prior to joining Evercore, Weinberg was Vice Chairman of Goldman Sachs Group from 2006 to 2015 and Co-Head of Global Investment Banking from 2002 until 2015. He joined Goldman Sachs in 1983 as an Associate and was promoted to Partner in 1992.
He was paid $123,991,055 (Rs. 801 Crore) by Evercore Partners Inc. for the year 2016. His earnings are accounted as below:
Salary $58,974 (Rs. 38 Lakh)
Sign-on/Special Awards $123,932,081 (Rs. 799 Crore)
2. Tim Cook
Tim Cook joined Apple in March 1998 as senior vice president of worldwide operations and then served as Executive Vice President of worldwide sales and operations. He was made Chief Executive on August 24, 2011. During his tenure as the Chief Executive, he has advocated for the political reformation of International and domestic surveillance, cyber security, corporate taxation both nationally and abroad, American manufacturing, and environmental preservation.
Apple paid him $150,036,907 ( Rs. 968 Crore) for the year 2016. Details of his earnings are given below.
Salary $3,000,000 (Rs. 19 Crore)
Bonus $5,370,000 (Rs. 34 Crore)
Stock Awards $141,289,188 (Rs. 911 Crore)
Pension, Deferred & Other $377,719 (Rs. 2 Crore)
1. Marc Lore
Marc Lore is an entrepreneur and president and Chief Executive Officer of Walmart eCommerce U.S. He was appointed in September 2016 to lead U.S. e-commerce when his company Jet.com, an e-commerce startup launched in 2014, was acquired by Wal-Mart Stores Inc. Prior to Jet, Marc co-founded Quidsi, the parent company of a family of websites such as Diapers.com and Soap.com, with childhood friend Vinit Bharara. The Quidsi company was sold in 2011 to Amazon for $545 million.
Wal-Mart Stores Inc. paid him $236,896,191 (Rs. 1531 Crore) which the highest amount paid to a CEO. Details of his salary are given below.
Salary $346,154 (Rs. 2 Crore)
Bonus $1,055,136 (Rs. 6 Crore)
Acquisition Awards $235,468,788 (Rs. 1518 Crore)
Pension, Deferred & Other $26,113 (Rs. 16 Lakh)
This was all about the top 10 highest earning CEOs. Do let us know your thoughts on this in the comments section below.