Each of the Top Ten Highest Paid CEOs Earned Over $100 Million
New York, Oct 22, 2013 – GMI Ratings today released its 2013 CEO Pay Survey, one of the most comprehensive surveys of North American CEO compensation. The report findings are based on an analysis of 2,259 North American publicly traded companies and includes over 2,250 CEOs whose tenure spanned the past two consecutive years. This year’s Top Ten List of Highest Paid CEOs marks the first time GMI’s analysis identified two CEOs that earned more than $1 billion in a single year, as well as the first time all ten CEOs earned at least $100 million. Survey findings include:
For our survey purposes, we view stock option sales/proceeds as part of Total Actual Compensation
Top Ten Highest Paid CEOs 2012 (Source: GMI Ratings)
Total Actual Compensation
Kinder Morgan, Inc.
Richard D. Kinder
Sirius XM Radio Inc.
Liberty Media Corporation
Gregory B. Maffei
Timothy D. Cook
Dick’s Sporting Goods, Inc.
Edward W. Stack
Liberty Interactive Corporation
Verisk Analytics, Inc.
Frank J. Coyne
“In the more than ten years that GMI has been publishing this report, I’ve never seen a top ten Highest Paid list that loomed this large,” said Greg Ruel, Senior Research Analyst and author of the report. “While the companies in this year’s list have performed well over the past three and five year periods in terms of shareholder return, generally speaking, it’s the sheer size and volume of equity awards granted to these top executives that catapults their total compensation to astronomical levels.“
Download the full report.
About GMI Ratings GMI Ratings is an independent provider of research and ratings on environmental, social, governance and accounting-related risks affecting the performance of public companies. The firm’s ESG ratings for more than 6,000 companies worldwide incorporate 150 ESG KeyMetrics™ to help investors assess the sustainable investment value of corporations. The firm also provides Accounting and Governance Ratings (AGR®) for approximately 18,000 public companies worldwide. AGR metrics reflect the accuracy and reliability of a company’s financial reporting. Clients of GMI Ratings include leading institutional investors, banks, insurers, auditors, regulators and corporations seeking to incorporate accounting and ESG factors into risk assessment and decision-making. A signatory to the Principles for Responsible Investment (PRI), GMI Ratings was formed in 2010 through the merger of GovernanceMetrics International, The Corporate Library and Audit Integrity. In the 2012 Independent Research in Responsible Investment (IRRI) Survey conducted by Thomson Reuters Extel and SRI-CONNECT.com, GMI Ratings was named “The Best Independent Corporate Governance Research Provider”.
Read more articles on corporate governance and other topics at the GMI Blog.
For more information about LexisNexis products and solutions connect with us through our corporate site.