Mon | Jun 17, 2019

Discovery’s Zaslav, Disney’s Iger among highest-paid CEOs

Published:Sunday | May 26, 2019 | 12:18 AM
Walt Disney Company CEO Robert Iger.
Stephen P. MacMillan, CEO of Hologic.
Align Technology company CEO Joseph Hogan.
Daniel Schulman, president of PayPal.
Reed Hastings, CEO of Netflix.
Discovery Communications CEO David Zaslav.
Comcast chairman and CEO Brian Roberts.
Activision Blizzard company CEO Bobby Kotick
JPMorgan Chase chairman and CEO Jamie Dimon.
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Pay for CEOs at the biggest companies in the United States climbed 7 per cent last year, widening the gap between chief executives and their workers, whose pay did not rise as quickly.

Here are the highest-paid CEOs in the S&P 500 index for 2018 as ­calculated by The Associated Press and Equilar, an executive data firm. The AP’s compensation study ­covered 340 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their respective companies, which filed proxy statements between January 1 and April 30. Some companies with highly paid CEOs do not fit these criteria.

Pay for chief executives rose to a median of US$12 million last year, including salary, stock, and other compensation. Median means half were larger, and half were smaller.

Compensation often includes stock and option grants that the CEO may not receive for years unless certain performance ­measures are met. For some companies, big raises occur when CEOs get a stock or option grant in one year as part of a multiyear grant.

1. David Zaslav

Discovery

US$129.5 million

Change from last year: 207%

His pay vs typical company worker: 1,511 times, up from 522

2. Robert Iger

Walt Disney

US$65.6 million

Change from last year: 81%

His pay vs typical company worker: 1,424 times

3. Richard Handler

Jefferies Financial Group

US$44.7 million

Change from last year: 105%

His pay vs typical company worker: 298 times, down from 489

4. Stephen MacMillan

Hologic

US$42 million

Change from last year: 275%

His pay vs typical company worker: 478 times

5. Joseph Hogan

Align Technology

US$41.8 million

Change from last year: 256%

His pay vs typical company worker: 3,168 times, up from 920

6. Daniel Schulman

PayPal

US$37.8 million.

Change from last year: 96%

His pay vs typical company worker: 543 times, up from 274

7. Reed Hastings

Netflix

US$36.1 million

Change from last year: 48%

His pay vs typical company worker: 178 times, up from 133

8. Brian Roberts

Comcast

US$35 million

Change from last year: 8%

His pay vs typical company worker: 426 times, down from 458

9. Robert Kotick

Activision Blizzard

US$30.8 million

Change from last year: 7%

His pay vs typical company worker: 319 times, up from 306

10. James Dimon

JPMorgan Chase

US$30 million

Change from last year: 6%

His pay vs typical company worker: 381 times, up from 364