The latest list of America’s Highest Paid CEOs in 2008 saw Steve Jobs, who was ranked first in 2007 dropped his place to a shocking 120th, after a restructuring of stock grants in his company Apple.
Larry Ellison of Oracle Corporation, who tops the new list, earned a massive US$192 million for the year 2007, on top of over 20 million shares he owns.
Larry founded Oracle in 1977, which started its first database project for the CIA agency with only $2,000 investment and has been the CEO for more than 30 years.
Apart from being the highest paid executive, Larry also has a net worth of US$18.4 billion, making him as the 14th richest men in the world at the moment. He is also publicly known for his extravagant life style, owning expensive boats, a private jet, cars and lives in a US$200 million dollar house.
Among other notable presence in the top 20 include Howard Schultz (Starbucks), Lloyd Blankfein (Goldman Sachs), Richard Fuld (Lehman Brothers), Steven Burd (Safeway) and John Chambers (Cisco).
The top 20 highest paid CEOs, and their companies:
1. Larry Ellison, Oracle (US$192 million)
2. Frederic M Poses, Trane (US$127 million)
3. Aubrey K McClendon, Chesapeake Energy (US$117 million)
4. Angelo R Mozilo, Countrywide Financial (US$103 million)
5. Howard D Schultz, Starbucks (US$98.6 million)
6. Nabeel Gareeb, MEMC Electronic Mats (US$79.6 million)
7. Daniel P Amos, Aflac (US$75.2 million)
8. Lloyd C Blankfein, Goldman Sachs (US$73.7 million)
9. Richard D Fairbank, Capital One Financial (US$73.2 million)
10. Bob R Simpson, XTO Energy (US$72.3 million)
11. Richard S Fuld Jr, Lehman Brothers (US$71.9 million)
12. Steven Roth, Vornado Realty (US$71.9 million)
13. Marijn E Dekkers, Thermo Fisher, (US$69 million)
14. Steven A Burd, Safeway (US$67.2 million)
15. Gregg L Engles, Dean Foods (US$66.1 million)
16. Nicholas D Chabraja, General Dynamics (US$60 million)
17. Leslie H Wexner, Limited Brands (US$56.1 million)
18. David C Novak, Yum Brands (US$55 million)
19. John T Chambers, Cisco Systems (US$54.8 million)
20. William R Berkley, WR Berkley (US$55 million)
Other posts you may want to read:
- Ellison Named the Highest Paid CEO
- 15 Highest Paid Young CEOs in US
- Highest Paid CEOs in Malaysia
- The Highest Paying Jobs in America
- Top Executives Declining Year-End Bonus
- 10 Highest Paid CEOs (2009)
- Genting Directors the Highest Paid Bunch
- Goldman Sachs Ready for Record Bonus
Author's bio: Zul is the founder and principal contributor for the SKOR Career blog. He is the author of two books, The Malaysian Job Seeker's Dilemma and Buat Duit Tanpa Kerja Makan Gaji (How to Make Money Without a Job), available in major book stores nationwide. You can reach him at zulkiflimusa[at]gmail.com.
If you find the article above beneficial, may we ask you to share it with your Facebook friends through this one-click button?
4 comments ↓
[...] with a median salary of $151,370, making it the only non-medical job to be in the top 10. While America’s highest paid CEO Larry Ellison of Oracle earned a whopping $192.92 million in 2007, the salaries of other CEOs averaged pushed the position [...]
Larry Ellison is expected to be at no. 1 but it’s a shocker to see who’s at no. 2. A whopping USD127MIL for a company in the middle of the Fortune 500 is surprising to say the least.
No doubt this must be due to Mr. Poses ingenious ideas in spinning of Wabco as an independent entity, selling of Trane to Ingersoll Rand and bumping off American Standard to who knows where.
Reply
It’s nice to Steve Burd scoring so walking to firmly to his bank on the broken back of his faithful employees who have taken cuts in everything from wages to health care. Here’s to the rich and self-absorbed!
Reply
Rail away all you want to at CEOs, but there are many good ones who are beloved by their employees. Many are founders of their companies and they are the ones who had the ideas, the visions, risked their own fortunes that provided livelihoods for many others.
Many times they are the last to be paid when times are tight. So if on the other end when things are good they get paid more, so be it. I thank God that our nation has so many.
Reply
Leave a Comment