This page has been archived and commenting is disabled.
Trickle-Up Economics: America's 100 Best-Paid CEOs
Earlier we reported that while the US middle class is rapidly going extinct (Piketty excel flub or not, thank you Fed) and that median incomes for everyone but the "1%" have declined since 2009 (and since the 1970s on a real basis), America's executives whose year-end reward is closely tied to the performance of their publicly traded equity and thus to the amount of stock buybacks authorized and executed, have seen their median comp soar by 50% in the past 5 years and in 2013 for the first time cracked the $10 million median pay number. So who are these titans of trickle-up economics? Below is the full list of the Top 100 best paid CEO men and women in the US in 2013.
One thing to note: while Larry Ellison's total comp in 2013 was an impressive $76.9 million, or over a thousand times the average worker's salary, it pales by comparison to David Tepper's $3.5 billion take home, which amounts to about $400,000 per hour which the best paid hedge fund manager made in 2013.
Source: WSJ
»
- 12038 reads
- Printer-friendly version
- Send to friend
- advertisements -
Okay, okay, I will develop business skills for one of these jobs, is that better?
It's not who you know. It's who you blow.
Another List:
OFFICIAL BILDERBERG 2014 MEMBERSHIP LIST RELEASEDFull list here:
http://homment.com/fgGtWkcSUt
All these lists being made lately may prove very useful to someone. Just sayin'.
edit: for like xmas cards and stuff.
Below is the full list of the Top 100 treasonous puppets and best paid CEO men and women in the US in 2013.
fixed it
If you don't like it, don't buy their products/services. Buy from mom and pop. Stop bitching about it, especially you OWS types. Time to put your money where your mouth is (or if you are an OWS type person: time to put other people's money where your mouth is).
STFU with this "vote with your wallet" nonsense.. Like the average consumer is purchasing enterprise databases from Larry Ellison, give me a fucking break.
The problem with over-compensated CEO's has nothing to do with consumer purchasing power, and/or consumer choice. It has EVERYTHING to do with our corrupt financial system and rampant crony capitalism in this country.
So cut the nostalgic capitalism crap, those days are long gone.
What's your solution to this "problem"? Tax CEOs more? Cap their pay? Grow up and stop looking to government to "fix" your "problems". Let the free-market do it. In this case, consumers can make a direct impact on many companies (e.g. walmart, GE, appel, the list goes on and on).
stop looking to government to "fix" your "problems
ok lets use rope
You make so many assumptions that you are hard to take seriously. Government is the last place to go to fix this. In fact the 'Gubbermint' is a big reason for the state of crony capitalism we are dealing with today. You want solutions?
- Throw a shitload of people in jail, from George Bush to Jamie Dimon
- Ban corporate lobbying altogether
- Dissolve House of Representatives and use technology to let people legislate
- End corporate welfare by immediately stopping ALL subsidies for profitable companies
- Charge businesses and corporations the same tax rate the average citizen pays, with all capital assets worldwide as taxable
...and the list goes on.
I know this reply doesn't fit your simpleton mindset of "left vs. right"/"liberal vs. conservative", so hopefully your head doesn't explode after this sinks in.
/ I don't see any members of the Palestinian branch of Semites. / sarc
Just observing a very special form of anti-Semitism -- given that Palestinians are Semites also, whose DNA traces longer and purer as "Indigenous" to the Holy Land than the DNA of most other inhabitants (i.e. those proclaiming Jewish heritage, whose DNA that actually traces back strongly to the original Jews of 67AD).
how do i join...oh wait...Im an ivy league education and a billion short...maybe next time...
Too bad for Larry he was not invited :(. Peter Thiel is though.
Peter Thiel is on the Bilderberg aptly named Steering Committee, he doesn't need to be "invited". . .
man's got more than a few fingers in folks pies. . .
Thanks, that's a very interesting fact.
Or, by who you're owned.
It doesn't pay nearly as well as being a career Politician. Pelosi has net worth of over 180 million dollars that she accumalated working in civil service.
Blankfein, Wexler,scharf, Farr, sure reads like a bah mitzvah invite! But I'm sure all these people really have in common is that they are just super intelligent:-)
I'm thinking we're going to need moar guillotines.
Rope and trees work great.
This list means nothing to anyone and there is no point talking about guillotines etc: the USA has no Robespierre.
Americans kill each other for fun not for political upheaval.
Just think, if these guys were black, and unable to string a sentence together, but learned to run or dunk a ball they'd be earning a hell of alot more...
what, no home addresses?
Use the property appraisers’ office. Works like a charm.
That's some serious fuck you money. Lots of crime, war and utter disconnect from humanity going on there, I'd reckon.
The list will be useful later after the system collapse.
nods
Lets send the Tepper family to Mars with a Space X shuttle. He has earned enough on this planet.
Oracle:
One Real Ass Called Larry Ellison
Do some digging, and you'll find that he bought 98% of one of the Hawaiian islands. Lanai, I think.
He's either the ultimate private Doomsday Prepper, or a Megalomaniac.
Or?
An amazingly shrewd businessman, who's gonna flip it (for double the price)?
To some nouveau-riche Chinese billionaire, who's looking to invest a good part of their Yen into some "quality RE"?
p.s. Thanks for the "pushback", to make me raise my game.
because they are just THAT MUCH BETTER THAN EVERYONE ELSE
Maybe they are, maybe they are not. If you don't like how much they are being paid, don't buy their products/services. Put your money where your mouth is.
At least nominally these men and women do something in the way of running companies that create something.
I wonder what the 100 best paid professional sports stars list would look like? I'll wager the median pay is at least comparable to, if not higher than, that for CEOs, yet you never, ever hear anyone bitching about how overpaid semi-literate sportsmen are. We humans sometime have our priorities backwards.
The vacant cities in China are going be called home by these fucks. Nowhere else will be safe.
that's complete bullshit 'espirit'. Americans will never chase down their multi-millionaires, never.
Of course not, because according to the American dream, tomorrow they will be the Billionaires!
Free markets! Capitalism! Open borders, end the tariffs, stop the protectionism, end the unions, lower taxes for the riches!
Free market Capitalism, the best system on earth.. It will create jobs and all the wealth will trickle down making everybody rich!
Einstein was wrong: http://monthlyreview.org/2009/05/01/why-socialism
So let's hope the Free Markets and open borders will liberate the Scandinavian countries and bring them the American dream!
http://www.allscandinavia.com/happiestcountries.htm
It might behoove those in the top 20% and up brackets to support the 1%, lest their incomes fall even faster.
The 1% can be quite generous, when the mood takes them.
Lists such as these are going to be tremendously useful in the coming years.
Another good read to keep the anxiety levels down.
LMAO!!!!
Interestingly, no Google, Apple, Facebook, Microsoft. Perhaps their CEO's truly believe in the "Don't Be Evil" motto? Actually, average salary at Oracle is reportedly $95,000 (Indeed.com), only 809 times less than Ellison's, so why whine. Plus, Ellison's compensation was all stock options, hence if the company falters in the next 2-3 years due to expected general economic collapse, his compensation could be abolished to less than zero. Hope he has some capital stuffed in Bermuda or Fiji, though hiding from the hungry masses will not an option. Steak Ellison épais bien cuit, quiconque?
Yeah right, because everyone who make over $1,000,000 per year is evil. Maybe they earn it, maybe they don't. Some sure do, some sure don't...it is hard to tell, but your comment sounds like jelousy to me. Don't like it Mult? Don't buy their products/services. Time for you to put your money where your mouth is.
No choice to buy or not buy Oracle products, MySQL/Java etc. are implemented in almost every internet/web/OS application on the planet. Global monopoly aside, no CEO is worth 800x-1000x the average employee income.
What about founder-CEOs who might have a significant stake in the company they founded and grew from nothing?
I can see the argument for a politician-type CEO who kissed ass at the right place at the right time to get into the top position but didn't really build anything, just climbed the corporate ladder.
But for a Gates or Ellison I don't really care what they take out of their companies. Those are their companies, they were there from the beginning, they can pay themselves whatever they want.
Well said. Though I don't like Gates, you can't deny that he has employed many thousands and improved the lives of millions through his products. But hey, let's tax the shit out of producers and cap their pay. That should work out well.
What about open source software? Internet/information tech started as a free service. The more commercialized, the less open it becomes.
So you are sure all those "self made" billionaires did it all by themselves from their garage?
Are you sure they are what the media says they are? Because sometimes I wonder, if they are not just poster boys to keep people defending the American dream, accepting unprecedented wealth in the hand of few / build a worldwide information gathering tool without attracting suspicion.
Just a wild conspiracy theory, i admit, but given the other manipulations/ conspiracy theories that have proved to be fact recently, not completely impossible..
Before Google took over there were plenty very well performing search engines on the web. But then Google came along and wiped them of the face of the earth within less then one year. If you would have programmed Google, would you have had the same global free media coverage (promotion) as them?
Would you have gotten multi-millions from certain investors/banks to outrun the competition that was already there? Would you get enough funds to hire an army of lawyers for legal protection and patents to protect your idea? Would you have enough funding to let you take over the market fast enough before you could be outcompeted by someone with more connections and money who copied your idea?
Is the American dream real at this day and age, can anyone become a Billionaire? Or is it a myth that is being fed on the people for political and other reasons? I want to believe it is/was real, but having a overdevelopped imagination, at my worst moments I sometimes wonder..
http://www.monkeyism.com/american-dream-myth/
really enjoying your posts lately. . .
righteous anger can be quite eloquent when sharp questions are raised.
"No choice to buy or not buy Oracle products"
Whatever you need to tell yourself to gain your false sense of moral superiority.
Sounds like preprinted lobbyist speak for the ICT industry and the rotten state of (inter)national compensation policies in general. Defame facts as lies/fraud to keep the status quo and take advantage of the sad truth that the general public is not interested in the financial details that undermine their own financial interests, i.e. 5 second sound bites make more policy than a thorough factual analysis. Fact is that the whole issue with economic inequality stems a lot from the ability of CEO's/managers to determine their own remuneration when deregulation policies by Reagan/Thatcher kicked in around the 80's (I welcome knee-jerk liberal BS hatred, prefer scientific counter-arguments). This has been scientifically proven but of course will be aggressively assaulted by the few beneficiaries of these policies that are wrecking the global economy in the meantime. Inequality is certainly not the result of "free market" alchemy
Sorry, but how much money have you paid to purchase MySQL or Java? Both products are free.
And despite these "free" products, the developer "earns" 1000x the average employee's compensation. Please explain how that is possible and/or reasonable.
Internet search: Larry Ellison CIA
LARRY ELLISON RULES! Gonna have to get my Larry poster back up on the wall!
You do realize that the Earth will stop spinning on its axis without all of these great CEO's?
Maybe if it wasn't spinning, everyone wouldn't be dizzy and vomiting all over the place.
While I would not turn up my nose to a $76 million salary, this is chump change to Larry Ellison. Since this is taxed, he would need to earn this for 300 years just to make $10 billion dollars of his multi-billion dollar fortune.
Poor Jamie.....bitch slapped out of the top 100 ! Ha!
Uhm, he's actually on 32...
Nice hit list there!
Scientific studies demonstrate that higher pay leads to worse performance for "thinking" jobs, and that the opposite is true for manual jobs:
http://intenseminimalism.com/2012/the-misconception-about-money-and-moti...
Greed ignores science at the top, but you'd think shareholders might get a clue and veto excessive compensation for their own benefit (if they care about company performance that is). How is it that US CEO pay can be justified by performance alongside much lower Japanese CEO pay?
It's a simple way to boost productivity, pay the fry cooks more and the CEOs less. One way is to limit CEO remuneration to a multiple of the smallest pay packet of any employee in the firm.
Bound to blow a few gaskets amongst the dogmatic free market fundamentalists that hang around here but fuck 'em. Scientific fact beats dogmatic belief every time.
SAVED BY STOCK BUYBACKS AND M&A!
TOO BAD THEY CANNOT GROW THE TOP LINE WITH SALES OF PRODUCT/SERVICES?
BUT, REAL DEMAND LEFT TOWN A LONG TIME AGO, DIDN'T IT?
TIME TO EXIT, STAGE LEFT/RIGHT, MR. SNAGGLEPUSS?