5 huge CEO pay raises

Executive compensation continues to march higher across the board, and these head honchos led the way with some jaw-dropping salary hikes last year.

 of 7
 of 7

VIDEO ON MSN MONEY

505Comments
Jan 7, 2014 9:02PM
avatar
Time to out source CEOs.
They think everyone else in the company is replaceable by anyone cheaper with less experience - it's time they get a taste of their own medicine.
Jan 9, 2014 9:10PM
avatar
I hope Brian Moynihan is enjoying his large salary, I am an employee of Bank of America for almost eight years, and I haven't seen a raise in over a year, but I see people from the Bank traveling all over the country being put up in hotels and air line tickets paid for, etc.etc. and we were told that our department couldn't afford raises.  I like my job very much, but where is the fairness in all of this? I guess the little people will always be just what we are "little people".  Anything would have been appreciated just to show that I am a valued employee.
Jan 9, 2014 8:20PM
avatar
I always find it humorous when the lamestream media highlights those CEO's who appear to be in conservative dominated industries.  Well, let's take a look at the liberally dominated entertainment industry to find out how those CEO's are doing (note, these were 2012 numbers):

Leslie Moonves - CBS - $62 Million
David Zaslav - Discovery Communications - $51 Million
Robert Iger - Disney - $40 Million
Phillipe Dauman - Viacom - $33 Million
Steve Burke - NBC Universal - $26 Million

Now, if I could find a list of the top paid Lawyers, they would match that of the Entertainment industry.  So, why is it that these folks never get singled out by the media, let alone the Hollywood Stars, many who make over $25 million a year?  Oh, that is a rhetorical question if you hadn't figured that out :)

Jan 9, 2014 10:51PM
Jan 9, 2014 8:24PM
avatar
Greed at the top is way out of control and downright evil. These people are unbelievable in their quest to line their pockets. How in the hell can anyone think that they are worth that kind of money. They're insane with greed. Money corrupts and boy does it show. To think that some of them actually go to church, who are they trying to kid? They lost their way long ago. You can't spend you life screwing people and in the end get away with it but obviously they don't care.
Jan 10, 2014 10:38AM
avatar
To all those who feel they earn this money

Bank of America laid off 4,200 in 2013
Morgan Stanley laid off 1,600 in 2013
Cisco laid off 4,000 in 2013
HP laid off 22,700 (out of a planned 29,000) in 2013

if you can't make enough money to pay your employees, why should those in charge get more. Why are we the tax payer paying for subsidies and tax breaks just so they can put more people out of work. They are supposed to create jobs not add to unemployment. Supply side economics was supposed to increase their revenue so they would hire more workers, not so they could dump payroll and give themselves huge pay increases.

as a side note to those who bitch about actors and musicians making millions, there labels and studios make more and if people didn't buy there music or watch their movies they wouldn't make it. and OWN (oprah's network) didn't lay off anyone in 2013

Jan 10, 2014 10:35AM
avatar
What about the employees who are the backbones of their companies? Will they give them equal raises comparable to theirs. No, because they are too greedy!! This is why we have a big inflation problem while employees suffer higher healthcare premiums and measly 2-3% raises that doesn't cover inflation. They are making ridiculous amounts of money and already make way more than they think they're entitled to. The older CEO's back in the day did not receive ridiculous raises and employees received fair wages unlike today. While the rich get richer, the poor get poorer and the middle class is fading away. As it says in the Holy Bible, "It is easier for a camel to pass through the eye of a needle than for a rich man to enter into the Kingdom of God." I suppose some of this greedy CEO's may be guests of honor at a big BBQ down under all depending on whether or not they help their fellow man. Now I understand why bosses are much happier with their jobs than their subordinates. Go figure.....
Jan 8, 2014 12:36PM
avatar
I think that anyone in any company that makes more that 100X the lowest paid worker should have those excessive wages taxed at a 100% rate.
Jan 7, 2014 10:24PM
avatar
Of course, it's not like Meg Whitman never took home more than a single green George Washington before that. In fact, she enjoyed a compensation of more than $15.3 million in 2012, thanks to a $1.7 billion bonus and a hefty bundle of stock and options grants.

A 1.7 BILLION bonus.  Holy smokes batman!!

Jan 10, 2014 12:28PM
avatar

Big business continuing pattern. 

1. Nix the pensions and let employees, Wall Street and the government take care of them.

2. Nix the health care from benefits and let the employee and government take care of them.

3. Nix regulations and work safety, and after the employees get injured, sick, let the government take care of them.

4. Let their employee salaries stagnant and when they qualify for government assistance, let the government take care of them.

5. Let them work for you until they're too old and then lay them off and let the government take care of them.

6. Grow profits, invest overseas, give the upper management big fat raises and retire with a big fat pension, or golden parachute if you screw up and bankrupt the company.

Jan 10, 2014 8:43AM
avatar
This is capitalism at its best.  This is the economy and social order we have chosen to live under and have a public sector that supports it, especially one particular political party.

The private sector greases the palms of the politicians so that they will do their bidding and keep the tax breaks and favorable legislation coming out of Washington and the states.

We need a more balanced approach that economically favors both the CEOs and the workers.
Not capitalism, not socialism, but a workable combination of both.  What we have now is not working for the majority of the American people. 

Jan 8, 2014 11:39AM
avatar
Wouldn't be so criminal if corporate/ceo compensation were put to good use, such as improving the companies H/R at large (from the lowliest employees on up), and reducing ecological footprints, just to name two. But instead, the monies are "black-holed," and to never be seen again beyond lavish lifestyles and bursting bank vaults of the arrogant few. In today's money culture, its "all for one, and one for one," with blatant disregard for society, the planet, and the future (it would fit in the budget).
Jan 10, 2014 11:21AM
avatar
And here's the icing on the cake. They only pay social security taxes on $113,000 of their millions.
Jan 8, 2014 8:40AM
avatar
Base salary?  How about listing total compensation????  John Plant (TRW-Automotive supplier) has been making $30-50M every year in stock options.  Tip of the iceberg.
Jan 9, 2014 9:19PM
avatar
They work, we work, what's wrong with this picture?   I think, in comparison, the minimum wage should be raised to - oh - say, $150 an hour?  (We don't want to be greedy now, do we?)
Jan 9, 2014 9:58PM
avatar
CEO salaries are not justifiable.  There should be a maximum wage. Leave the money in the corporation. They are people too.
Jan 9, 2014 11:01PM
avatar
Now you can see why there was a labor movement in this country. It was to counter the Greed that ran rampant. History repeats itself. The TPP trade agreement that is kept in secrecy may start the rebirth of a labor movement in this country. TPP will make NAFTA look like a cupcake. 
Jan 10, 2014 9:22AM
avatar
Where are the job creators?
Why do these CEOs get rewarded when they do massive layoffs and outsource jobs?

Can you imagine how fast our economy would recover if CEOs were rewarded when they HIRE more employees, rather than fire them?


Jan 10, 2014 1:01PM
avatar

What's wrong with this picture. Meg Twitman fires 34000 HP employees to make HP bottom line look better and gets a huge bonus.


Jan 10, 2014 8:54AM
avatar
I think that all CEO's ought to have to survive on Minimum wage for a year and then ask them if that is a fair wage
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] The stock market ended the Thursday session on a modestly lower note, but a late-morning rebound lifted the indices off their lows. The S&P 500 shed 0.2% with seven sectors ending in the red.

This morning, European equities and U.S. futures slumped around 6:00 ET after Ukraine's President Petro Poroshenko was quoted as saying Russian forces have invaded an area southeast of Donetsk. The news pressured the markets, but a brief uptick took place after a correction to ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.