Top Ten Earning CEOs!
10. Clarence P. Cazalot Jr. of Marathon Oil
One-year total compensation ($MIL): $43.7
Cazalot was the president and chief executive of the Houston-based Marathon Oil Corporation. Marathon has expanded abroad with investments in the nascent gas industry of Equatorial Guinea and oil in Libya, Gabon and Norway after he took over the control of the company in 2002. Its upstream earnings from overseas projects have been tripled and Marathon is beginning to sell off the smaller assets. In July, 2011 Marathon Oil completed the spinoff of Marathon Petroleum, which received a $15 billion valuation from the market. Marathon Oil CEO Clarence Cazalot Jr. additionally assumed the position of chairman after the spin-off.
9. Stephen Hemsley of UnitedHealth Group
One-year total compensation ($MIL): $48.8**Prior-year figure.
Stephen joined the UnitedHealth Group in 1997. Since 2006 he served as its Chief Executive Officer. In 2006 he became CEO, when the scandal over backdated stock options claimed one of corporate America’s most successful chief executives, William McGuire, who agreed to leave the giant health insurer after an internal probe, concluded that the stock-option grants were likely manipulated.
8. Jeffery H. Boyd of Priceline.com
One-year total compensation ($MIL): $50.2**Prior-year figure.
From November 2002 to January 1 he served as Chief Executive Officer at The Priceline Group Inc., 2014 and also as its President from May 2001 to January 1, 2014. Boyd has been CEO since 2002 and has delivered an annualized 51% to shareholders during his tenure. Priceline’s sales have grown from $997 million to $4.3 billion over the same time period. He is perennially among the best bosses in our bang-for-the-buck scorecard.
7. George Paz of Express Scripts
One-year total compensation ($MIL): $51.5**Prior-year figure.
Paz has been CEO since 2005 and sits on Honeywell’s Board of Directors since 2004. Express Scripts and Medco Health Solutions have agreed to a $29.1 billion merger (announced in late July, 2011) which is due to close in the first half of this year, pending regulatory approvals.
6. David Cote of Honeywell
One-year total compensation ($MIL): $55.8
He was appointed president, CEO and a member of the board of Honeywell in February 2002, and became chairman of the board on July 1, 2002. Cote’s bonus ($23.3 million) was tied to Honeywell’s 13% sales growth and 19% segment profit growth in 2011. Honeywell’s stock was up 2% in 20011 and up 15% year-to-date.
5. Richard Kinder of Kinder Morgan
One-year total compensation ($MIL): $60.9
Paid $1 as annual salary, Richard Kinder, a former Army captain. He quit as president of Enron in 1996 and along with friend William Morgan started working on his pipeline company. In 2011, his company Kinder Morgan acquired El Paso Corp. Both the companies combined went on to boast some 80,000 miles of pipelines.
4. Michael Fascitelli of Vornado Realty
One-year total compensation ($MIL): $64.4**Prior-year figure
Michael Fascitelli, took over as CEO of Vornado Realty Trust 3 years ago, replacing Forbes Billionaire Steven Roth. He made $63m on his shares last year, 98% of his take home pay package for the year. The real estate investment trust Vornado Realty owns 100 million square feet of office space in New York and Washington, D.C.
3. Ralph Lauren of Ralph Lauren
One-year total compensation ($MIL): $66.7
A Forbes Billionaire is a Bronx native and opened his New York City flagship store in the fall of 2010. The maximum allowed by the firm, Polo Ralph Lauren Corporation, the design king was awarded a $19.5m bonus in the same year. He started Polo with $50,000 in 1976. The company now sells clothing, shoes, jewelry, home goods and fragrances.
2. Leslie Moonves of CBS
One-year total compensation ($MIL): $66.9**Prior-year figure.
In july 1995, Moonves joined CBS as president of CBS Entertainment. He was President and Chief Executive Officer at CBS Television from April 1998 until 2003. Then in 2003, he was promoted to Chairman and CEO of CBS. He oversees all operations of the company, including the CBS Television Network. The fact that Moonves heads up America’s most watched-television network is one reason for his lavish pay.
One-year total compensation ($MIL): $131.2
John Hammergren, CEO of the pharmaceutical and medical device distributor McKensson, has one of the highest pay packages in corporate America. He is the CEO of the world’s largest health care firm earned ‘just’ $1.7m in salary in 2010 the rest came in stock options and perks. If the company changes hands he stands to make even more money – $469m to be exact.