In the recently released “Equilar 100 CEO Pay Study,” an examination of the compensation of the CEOs of the top 100 public companies in the United States, the difference from the top paid to the bottom of the barrel was $78,399,999. Huh?
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According the study, published in The New York Times, Oracle’s Larry Ellison remains at the top of the list with $78.4 million, marking the seventh consecutive year he has been in the top three in this study.
Bob Iger of Disney® and Rupert Murdoch of Twenty-First Century Fox round out the top three this year, says Equilar, provider of executive compensation data and governance tools.
The lowest-paid CEO on the list is Larry Page at Google with a salary of a whopping $1—hence the huge difference we just reported.
The average compensation increase this year was 9 percent over the previous year. The study also reports that the cash component of CEO pay increased 10.8 percent while the equity component rose 7.1 percent.
For more information, view the full list and read The New York Times article.
It’s no wonder that employees are discouraged and focusing on income equality with these stats.