Topic: List of highest paid CEO's
Sojourning_Soul's photo
Fri 05/01/09 05:52 AM
Edited by Sojourning_Soul on Fri 05/01/09 05:55 AM
The 10 highest-paid CEOs for 2008 at Standard & Poor's 500 companies based on calculations by The Associated Press. The analysis includes companies that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 20. The total pay figures are rounded and are based on the AP's compensation formula, which adds up salary, perks, bonuses, preferential interest rates on pay set aside for later, and company estimates for the value of stock options and stock awards on the day they were granted last year.

1. Aubrey McClendon, Chesapeake Energy Corp., $112.5 million

2. Sanjay Jha, Motorola Inc., $104.4 million

3. Robert Iger, Walt Disney Co., $51.1 million

4. Lloyd Blankfein, Goldman Sachs Group Inc., $42.9 million

5. Kenneth Chenault, American Express Co., $42.9 million

6. Vikram Pandit, Citigroup Inc., $38.2 million

7. Steven Farris, Apache Corp., $37.2 million

8. Louis Camilleri, Philip Morris International Inc., $36.9 million

9. Kevin Johnson, Juniper Networks Inc., $36.1 million

10. Jamie Dimon, JPMorgan Chase & Co., $35.7 million

Why don't we let these companies bail out the banks that finance them instead of the average American if they can afford to pay their CEO's like this?


Notice how many of them asked for bailouts from us?

no photo
Fri 05/01/09 05:54 AM
because the bail outs are a bad investment......


adj4u's photo
Fri 05/01/09 05:54 AM
Edited by adj4u on Fri 05/01/09 05:59 AM
i think goldman sax got a bailout

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4. Lloyd Blankfein, Goldman Sachs Group Inc., $42.9 million
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not sure but chase may have as well

10. Jamie Dimon, JPMorgan Chase & Co., $35.7 million

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JP Morgan Chase, Bailout Recipient, to Spend 400 Million to Outsource Thousands of Jobs to India

http://www.bloggernews.net/120145

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Backdoor Bailouts for Goldman Sachs?

My recent tirade against bailing out the hedge fund half of AIG makes much more sense when you consider who is actually getting all of the taxpayer largesse: Counter-parties of AIG, especially one Goldman Sachs. Some estimates have been in excess of $25 billion to GS.

http://www.ritholtz.com/blog/2009/03/backdoor-bailouts-for-goldman-sachs/

Sojourning_Soul's photo
Fri 05/01/09 05:59 AM
Edited by Sojourning_Soul on Fri 05/01/09 06:02 AM
Lose your home and your your job, take an increase in your taxes, and be glad we are working FOR YOU, because we need to pay our CEO's to keep up the good work! rant frustrated huh

Welcome to government sponsored corporatism!

Sojourning_Soul's photo
Fri 05/01/09 06:12 AM
Edited by Sojourning_Soul on Fri 05/01/09 06:30 AM
http://hosted.ap.org/dynamic/files/specials/interactives/_business/executive_compensation/execPay09Test.html?SITE=YAHOO&SECTION=HOME

Check out this "checks and balances" sheet.... we reward them for failure now?

adj4u's photo
Fri 05/01/09 07:01 AM
what do you expect

it is """positive reinforcement"""

the society norm no punishment but show them """positive reinforcement"""


just a thought but hey what do i know

FreeToB's photo
Fri 05/01/09 07:15 AM

The 10 highest-paid CEOs for 2008 at Standard & Poor's 500 companies based on calculations by The Associated Press. The analysis includes companies that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 20. The total pay figures are rounded and are based on the AP's compensation formula, which adds up salary, perks, bonuses, preferential interest rates on pay set aside for later, and company estimates for the value of stock options and stock awards on the day they were granted last year.

1. Aubrey McClendon, Chesapeake Energy Corp., $112.5 million

2. Sanjay Jha, Motorola Inc., $104.4 million

3. Robert Iger, Walt Disney Co., $51.1 million

4. Lloyd Blankfein, Goldman Sachs Group Inc., $42.9 million

5. Kenneth Chenault, American Express Co., $42.9 million

6. Vikram Pandit, Citigroup Inc., $38.2 million

7. Steven Farris, Apache Corp., $37.2 million

8. Louis Camilleri, Philip Morris International Inc., $36.9 million

9. Kevin Johnson, Juniper Networks Inc., $36.1 million

10. Jamie Dimon, JPMorgan Chase & Co., $35.7 million

Why don't we let these companies bail out the banks that finance them instead of the average American if they can afford to pay their CEO's like this?


Notice how many of them asked for bailouts from us?


Addresses????

no photo
Fri 05/01/09 07:17 AM
no oil companies?

I see Chesapeake but they are more of a production company than an oil company

FreeToB's photo
Fri 05/01/09 07:28 AM

no oil companies?

I see Chesapeake but they are more of a production company than an oil company


Chesapeake is a natural gas drilling and production company. They are the ones that discovered the Haynesville Shale right here in my town. The 2nd largest natural gas find in history and recording the highest pressures ever recorded. They were paying up to 25,000/acre for leasing rights here.

Sojourning_Soul's photo
Fri 05/01/09 07:54 AM

no oil companies?

I see Chesapeake but they are more of a production company than an oil company


I may be wrong, but I think most oil companies are parented by foriegn oil companies, so may not fall under the list of US Corp. CEO's even tho doing business in the USA.

This list is only the "10 highest".... imagine how many more didn't make the list! We wonder why prices are so high. Production costs can't be that high because those processes have been in motion for years! Research and developement? New products only increase sales creating more capital. Yet still, it is those who "create" who are under paid and losing their jobs. What is their justification for such salaries and bailout requests?