NYT - The New York Times has published the total compensation of 200 Chief Executive Officers of U. S. public companies for the year 2011. These 200 employees averaged $19,801,485 each. Total compensation includes base salary, cash bonus. perks/others, stock awards and option awards. The average base salary was $1,322,908. Heading total compensation list of the 200 is CEO of Apple, Timothy D. Cook, with $377,996,537 (that's $3/8's of a $Billion). The next 4 CEO's are: David Simon of Simon Property Group with $137,206,818; Lawrence J. Ellison of Oracle with $77,556.015; Leslie Moonves of CBS with $68,422,211; and Ron Johnson of J.C.Penny with $53,281,505. If the annual compensation of the "average" worker is about $58,000.00 and the average annual compensation of the 200 Executives under discussion, the average executive is annual paid 341 times that of the average worker.
It is not disclosed how many of these CEO's are also the Chairman of their Board of Directors, but it's a fair assumption the majority are also their Boards' Chairman. ALL German and Dutch public companies DO NOT allow dual CEO/Chairman roles. 79% of British companies have a 2-tier CEO-Board Chair relationship. (See Chapter 9, Lax Board of Directors, in the book "The Greedsters", pages 325-353 and especially page 334).
It's only fair to shareholders to separate the roles of CEO and Board Chairman. The corporation will be better off because of it.
It is not disclosed how many of these CEO's are also the Chairman of their Board of Directors, but it's a fair assumption the majority are also their Boards' Chairman. ALL German and Dutch public companies DO NOT allow dual CEO/Chairman roles. 79% of British companies have a 2-tier CEO-Board Chair relationship. (See Chapter 9, Lax Board of Directors, in the book "The Greedsters", pages 325-353 and especially page 334).
It's only fair to shareholders to separate the roles of CEO and Board Chairman. The corporation will be better off because of it.
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