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The 10 best-paid chief executives in America | The 10 best-paid chief executives in America |
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America's 10 highest paid chief executives took home a combined $4.7bn in compensation in 2012, and none earned less than $100m – a first for the annual poll by GMI Ratings, a corporate governance research group. | |
Two executives made over a billion dollars – another first. All told, US CEOs had a bumper year selling stock, making $3.3bn on stock option profits and the vesting of restricted stock. | |
1. Mark Zuckerberg, Facebook – total compensation $2.27bn | |
The social network king received a base salary of $503,205 in 2012 and $1.2m in perks, including use of the company aircraft and security. But it was the sale of Facebook that made him his fortune. Zuckerberg profited nearly $2.3bn on his share options when the company went public. | |
2. Richard Kinder, Kinder Morgan – $1.16bn | |
The billionaire energy executive received $1 in wages in 2012 and more than $1.1bn in restricted stock profits. | |
Kinder Morgan's share price has been falling this year on reports that the company has minimised pipeline repairs in order to maximise returns to shareholders – a characterization the company disputes. | |
3. Mel Karmazin, Sirius XM Radio - $255.3m | |
The veteran radio executive stepped down from running Sirius last December, and received a $9.5m bonus. His was the largest bonus in the top 10. | |
But, again, it was his share options that handed him most of his compensation – 120m of them worth more than $244m. | |
4. Gregory Maffei, Liberty Media – $254.8m | |
Strike one for Maffei, who appears twice in this list. The Liberty Media boss received a salary of $875,109, a $2.23m cash bonus and $252,323 in perks. | |
He profited more than $250m on the exercise of 3.1m options at Liberty Media Corporation in 2012, a little over half the grant of the nearly 6m options he received in 2009. | |
5. Tim Cook, Apple – $143.8m | |
Cook made nearly $140m in restricted stock profits in 2012 on grants that date back to 2008 and 2010, before he took over as CEO. | |
In August 2011, when he took over from Steve Jobs, Cook was granted 1m restricted stock units that start paying out in 2016. | |
6. Edward Stack, Dick's Sporting Goods – $142m | |
In his 29th year as CEO Stack exercised nearly 4m share options for a profit of more than $137m. | |
7. Gregory Maffei, Liberty Interactive – $136.4m | |
With his Interactive hat on, Maffei exercised an additional 12.3m options for a profit of more than $132m. | |
Added together his take from the two Liberty companies comes to more than $391m, third place overall. | |
8. Howard Schultz, Starbucks – $117.5m | |
The coffee king made more than $103m on the exercise of 2.8m options in 2012 – the rest was salary, bonus and perks. | |
Schultz has made $191.5m in combined stock option profits over the past four years. | |
9. Marc Benioff, salesforce.com – $109.5m | |
The cloud computing company billionaire made $106m of his yearly compensation from share options. | |
Benioff now owns more than 42m company shares, or 7.2% of all shares outstanding, and was granted new options in the amount of $18.9m in 2012. | |
10 Frank Coyne, Verisk Analytics – $100.4m | |
Coyne, too, benefited from massive share options exercising 2.4m options for $95.7m. | |
He stepped down as CEO of the risk assessment company this year and is now non-executive chairman. | |
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