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It takes the average U.S. worker nearly a month to make what the average CEO earns in an hour – $3K Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 [...] From HUFFPOST: Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm. That was up more than 6 percent from the previous year, and is the second year in a row of increases. The figure is also the highest [...] WASHINGTON (AP) — David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press. Here are some ways to think about just how much money those salaries represent. Simon’s $137 million is almost entirely in stock awards that could eventually be worth $132 million. The company said it wanted to [...] Sprint Nextel Corp. (S) Chief Executive Officer Dan Hesse agreed to return $3.25 million of his compensation, which had been increased in 2011 by excluding the costs of adding Apple Inc. (AAPL)’s iPhone to the carrier’s network. The Overland Park, Kansas-based carrier, which sells the iPhone at a loss, originally excluded the device’s cost from 2011 bonus calculations for eligible employees. After “feedback from some shareholders,” Hesse said he would reduce his salary in 2012 to [...] APRIL 17–In a stinging legal rebuke, a New York judge has dismissed a lawsuit brought by Howard Stern against SiriusXM and, in the process, revealed that the radio host had been seeking a whopping $300 million in stock awards he claimed were owed as part of his employment contract with the satellite radio firm. In an order filed yesterday in New York State Supreme Court, Judge Barbara Kapnick granted a SiriusXM motion [...] UPDATED: Executive chairman Sumner Redstone made an unchanged $20.3 million last year, while his CEO overtook Viacom’s Philippe Dauman to become the highest-paid Hollywood CEO so far this reporting season. CBS Corp. said late Friday that president and CEO Leslie Moonves received higher compensation worth $69.9 million last year, driven by option awards. The total pay package, details of which were disclosed in a regulatory filing, was up 21 percent from the $57.7 million [...] Citigroup Inc. (C), the second-worst performer in the KBW Bank Index (BKX) last year, is grappling with a revenue slump. Chief Executive Officer Vikram Pandit is not. Pandit’s $15 million pay package for 2011 and a multi-year retention package announced in May could total $53 million, based on regulatory filings and an analyst’s estimate. The CEO also received $80 million last year from the New York-based firm’s purchase of his Old [...] From WSJ: Call it comp day, compensation communication, or this year, D-Day. Goldman Sachs employees came to work today and learned how much they’ll be paid above their base salary for 2011, and most of them are not jumping for joy, said people familiar with the matter European Pressphoto Agency Some Goldman bankers and traders learned they’re taking home a big goose-egg. Some partners’ total pay was slashed by approximately half, while some employees [...] It’s Good to Be the King: CEO Pay Up Big 2010, Not So Much For the Average Worker – Peter GorensteinLife is good at the top of corporate America. CEO pay rose 12% last year, bringing the average compensation to $9.6 million in 2010, based on a report and study done by NY Times. That’s definitely a lot of money at a time when middle class wages haven’t increased for a generation and unemployment remains near 9%. The highest paid CEO in the U.S. last year was Viacom’s [...] Howard Stern, who seems to be in a perpetual fight with his bosses, is at it again. The production company for the radio personality is suing Sirius XM, claiming the satellite radio company has refused to pay stock awards it owes to him based on subscriber targets in Stern’s contract. The lawsuit also says Sirius owes money to Stern’s agent under a consulting agreement. “World-renowned radio personality Howard [...] |
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