With so much attention being paid to how much executives are making these days, and the government taking unprecedented steps to control what it deems outlandish or unwarranted compensation, a recent posting at CNNMoney.com is quite interesting.
The post outlines the ten highest paid executive officers. Here are the top five, including how much the person earned in 2008:
Top 5 Highest Paid Executives
- Aubrey K. McClendon – Chairman and CEO of Chesapeake Energy – $112.5 million (total compensation)
- Sanjay K. Jha – Co-CEO of Motorola – $104.5 million
- Lawrence J. Ellison – CEO of Oracle – $84.5 million
- Richard C. Adkerson – President and CEO for Freeport McMoRan Copper and Gold – $72.3 million
- Bob R. Simpson – Chairman of the Board for XTO Energy – $53.5 million
As we have discussed here at CCI before, and as reiterated by CNNMoney.com late last week, the U.S. government cut the earnings on 175 individuals across seven of the bailed-out companies. These cuts have not, however, affected companies like Goldman Sachs, Morgan Stanley, and JPMorgan Chase, whose revenue projections continue to rise.
Because of this discrepancy between the treatment of bailed-out and non-bailed-out companies, many are calling for a move towards more equivalent treatment of all companies.
For more on this issue, go to CNNMoney.com.