current pay levels. This is hard to change, so one can expect an increase of probably 16 percent or more in executive pay for 2006.
Jack Welch, the former CEO of General Electric recently confessed that he does not consider himself rich, just "well off". His benchmark for wealth is the entrepreneur, like Bill Gates or Warren Buffet. - There is always a good reason to feel bad.
CEO total compensation examples for 2005*:
| 0,7 m. € |
 |
Helge Lund (Statoil) |
| 1 m. € |
|
Jean Laurent (Crédit Agricole) |
| 3,27 m. € |
|
Klaus Kleinfeld (Siemens) |
| 3,75 m. € |
|
Dieter Zetsche (DaimlerChrysler) |
| 6,9 m. € |
|
Paul S. Walsh (Diageo) |
| 8 m. € |
|
Jack Welch (annual retirement plan) |
| 10,3 m. € |
|
Arun Sarin (Vodafone) |
| 12 m. € |
|
Joe Ackermann (Deutsche Bank) |
| 17,2 m. CHF |
|
Marcel Ospel (UBS) |
| 11,1 m. € |
|
Lord Browne (BP) |
| 15 m. € |
|
Katie Couric (CBS news woman) |
| 14,1 m. € |
|
Oswald Grübel (Credit Suisse) |
| 18,5 m. € |
|
Peter Wuffli (UBS) |
|
|
| 40 m. $ |
|
John T Chambers (Cisco) |
| 40 m. $ |
|
CEOs of investment banks (on average) |
| 45 m. $ |
|
Lawrence J Ellison (Oracle) |
| 56 m. $ |
|
Richard D. Fairbank, Capital One |
| 88 m. $ |
|
Lew Francfort (Coach) |
| 102 m. $ |
|
Scott McGregor (Broadcom) |
| 134 m. $ |
|
Henry Silverman (Cendant) |
| 156 m. $ |
|
Barry Diller (InterActive Corp.) |
| 230 m. $ |
|
Terry S Semel (Yahoo) |
*Sources: Company websites, Forbes U.S., Manager Magazin, the 'total' is difficult to compare, these are best estimates
Recommended links:
Contra high CEO pay:
http://www.changex.de/d_a01989.html
Pro high CEO pay:
http://www.boardmembereurope.com/
The current US statistics (salary compared to performance)
http://www.forbes.com/static/execpay2005/totcomp.html
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