C.E.O. Pay Continues to Climb

Monday, July 01, 2013

What does an annual raise look like to the top 200 chief executives at public companies? Try more than $1 million.

Recent findings show that for C.E.O.’s at companies with at least $1 billion in revenue, the median pay package in 2012 came in at $15.1 million. That’s a 16 percent increase from 2011. Stock and option grants make up nearly double the cash pay many managers receive, and there seems to be no pay ceiling in sight.

Gretchen Morgenson is a reporter for The New York Times. Her latest piece is titled “An Unstoppable Climb in C.E.O. Pay.”

Guests:

Gretchen Morgenson

Hosted by:

Todd Zwillich

Produced by:

Ellen Frankman

Comments [3]

Mark

First time listener to your show. Go back and listen again to this report and count the number of times "sort of" is repeated. Professional broadcasters can do better.

The report did not complete any clear thoughts on why legislation like Dodd-Frank is ineffective. In my limited experience, any time a company is profitable and has revenue growth, the management team will be left alone to do as they please. Even allowed to make bad decisions like paying too much for an acquisition, or pursuing new markets with limited chance of success. Once the profits are down or the revenue stops growing, you will see shareholder activism, but not before then.

Jul. 02 2013 12:17 PM
Jack of Corona from Corona, Queee=nsNYC

The CEOs are both the Takers and the Makers of the Tea Party folks like Texas Gov Perry They Take from all and Make in their own.

Jul. 01 2013 03:30 PM
Angel from Miami FL

As long as we pay whatever it costs for the things we love, they will continue to pay whatever it takes for the CEOs they laud. Even though there's no direct correlation between the success of either.

Jul. 01 2013 09:47 AM

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