10 Best-paid executives: more than $48 million a piece, all men
The top 10 highest-paid executives each collected more than $48 million
in total compensation last year, and all of them are men, according
to Equilar, a compensation research firm, which calculated the results
for Fortune magazine.
Report Highlights Include:
- Top 10 men are making about 2 to 3 times what the 10 top-earning women executives do.
- Safra Catz ($26.1 million), the top-earning woman, is making 36% of what the No. 1-ranked male executive, Eugene Isenberg ($71.4 million) earns.
- 8 out of 10 of the highest-paid executives/men overall are CEOs, while only five of the 10 best-compensated women are chief executives.
- The earnings of women in full-time management and professional jobs last year averaged 73% of men's, according to the Bureau of Labor Statistics.
No. 1 earner Eugene Isenberg, CEO of Nabors Industries brought home $71.4 million in 2005, according to Equilar. Other members of the top 10 include Occidental Petroleum CEO Ray Irani ($70 million); Yahoo chairman and CEO Terry Semel ($56.8 million); and Oracle CEO Larry Ellison ($52.3 million). The lowest-earning of the 10 best-compensated male execs is James R. Moffett, chairman of the board at Freeport McMoRan Copper & Gold ($48 million), nearly 85% more than the top-earning woman.
The top-earning woman executive is Safra Catz ($26.1 million), president and CFO of Oracle, while the second-highest paid is Susan Decker ($24.3 million), CFO of Yahoo.
To determine the 10 best-paid women and executives overall, Equilar looked at companies with more than $1 billion in revenues that filed proxies as of Sept. 1. They included base salary, bonuses, the present value of option grants, restricted stock awards, long-term incentive-plan payouts, and other compensation as disclosed in company proxies.
