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The Highest Paid CEOs

World Money
The Highest Paid CEOs

A Chief Executive Officer, or CEO, is the top honcho in a company. He is the one who leads and sets the direction for the company. Here is a list of the top 10 highest paid CEOs.

 

10. John C. Martin, Gilead Sciences – $43.19 million

 

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John C. Martin has been the CEO of the drugs and biotechnology firm called Gilead Sciences for the past 16 years. He is a product of Purdue University and the University of Chicago. He has been with the company for 32 years.  His average compensation for the past six years is $41.24 million. During that period, the company’s annual total return has increased by seven percent, which is slightly better to the market’s performance but just about equal to other companies in the industry.

 

9. Clarence P. Cazalot, Marathon Oil – $43.71 million

 

Clarence P. Cazalot Jr., president and chief executive of Ma

Clarence P. Cazalot has been with Marathon Oil for the past 12 years and has served as its CEO for 10 of these 12 years. He graduated from the Louisiana State University in 1972. He is the second highest paid CEO in the oil and gas industry. Marathon Oil has yielded an annual return of 10 percent for the past six years, which is slightly better when compared to both the industry and the market. He has received a substantial bump in total pay because of his stock gains.

 

8. Stephen J. Hemsley, UnitedHealth Group – $48.83 million

 

UnitedHealth Group, Cisco announce plans for telehealth network in Washington

Stephen J. Hemsley has been with the UnitedHealth Group for the past 15 years, having served as its CEO for five years. He is considered to be the second highest paid CEO in the health care equipment and services sector. He graduated from Fordham University in 1974.

 

7. Jeffery H. Boyd, Priceline.com – $50.18 million

 

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Jeffery H. Boyd has been with Priceline.com for 12 years, of which he has served as CEO for 10. He is the highest paid CEO in the business services and supplies industry. His average compensation for the past six years is only $15.16 million, with gains in stocks accounting for the bulk of his pay increase. The company has registered an annual return of 73 percent for the past six years, which is much higher than both the industry and market standards. The stock of the company has risen by 51 percent since the time he took over, also way above the average registered by the market during the same time period.

 

6. George Paz, Express Scripts – $51.52 million

 

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George Paz has been the CEO of Express Scripts for the past seven years, or half the time he has been with the company. A graduate of the University of Missouri, he is the highest paid CEO in the health care equipment and services sector. His average compensation for the past six years is only $17.11 million. More than half of his current total compensation comes in the form of stock gains. The company’s annual total return for the past six years is 16 percent, which is higher than both the industry and market average. The company’s performance in the stock market has also improved by 26 percent since the time he took over, which is also above the market standard during the same time period.

 

5. David M. Cote, Honeywell – $55.79 million

 
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David M. Cote is the highest paid CEO among all conglomerates. A graduate of the University of New Hampshire, he has been the CEO of Honeywell for the past 10 years. His average compensation for the past six years is $20.31 million. Last year, he earned $22.94 million just from stock gains alone. His company has performed slightly better compared to the industry and the market, earning nine percent in annual returns for the past six years. Honeywell’s stock performance has also improved by nine percent since he took over, which is slightly above the market average.

 

4. Richard D. Kinder, Kinder Morgan – $60.94 million

Richard Kinder, Chairman and Chief Executive Officer of Kinder Morgan Energy Partners LP, addresses the Reuters Energy Summit in Houston

Richard D. Kinder has been the CEO of Kinder Morgan for the past 13 years. He has been with the company for 15 years. He got both his bachelor’s and law degrees from the University of Missouri. He is the highest paid executive in the oil and gas operations industry. He actually does not earn any basic salary nor does he get any bonuses. Instead, his entire compensation is in the form of stock gains. Since he took over, Kinder Morgan’s stock has risen by 18 percent, which is above the market average.

 

3. Michael D. Fascitelli, Vornado Realty – $64.40 million

 

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Michael D. Fascitelli has been with Vornado Realty for the past 16 years and was appointed as the company’s CEO just three years ago. He is the highest paid CEO in the diversified financial sector. His salary of a million dollars is compensated by gains in stocks that amounted to almost $50 million last year. The company’s performance in the stock market since he took over has improved at a healthy rate of 27 percent, which is slightly above the average in the market.

 

2. Ralph Lauren, Ralph Lauren – $66.65 million

 

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Ralph Lauren has been the CEO of the company he founded more than 44 years ago. He is the highest paid CEO in the household and personal products sector. His average earning the past six years is $36.98 million. That amount was doubled last year because of the gains he earned from his stocks. The company’s annual return for the past six years is 21 percent, which is better than both the industry and market averages. Additionally, the company’s performance in the stock market has improved by 12 percent during his tenure, which is slightly above the market rate.

 

1. John H. Hammergren, McKesson – $131.19 million

 

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John H. Hammergren has been with McKesson for 16 years. He has been CEO for 13. A graduate of the University of Minnesota and Xavier University, he is the highest paid CEO in the drugs and biotechnology industry. His average compensation for six years is $50.79 million. The company’s annual return during the same period is nine percent, slightly better than both the industry and market rates.

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