A CEO, also called the managing director, is the position of the senior corporate officer, executive, leader, who is in charge of managing an organisation. They are required to maximise the value of the firm, increase the market share, revenues or other elements. They hold the decision making powers and are generally the highest paid among all the employees. Listed below are the top 10 highest paid CEO’s of 2018.
10. Lawrence J. Ellison – Oracle
Oracle is a California based computer hardware company that specialises in enterprise software products. Lawrence J. Ellison is the co-founder and CEO of the company, with net worth of a staggering $56.2 billion. He is placed in number 10 in the highest paid CEO’s of the world 2018.
9. Mario J. Gabelli
GAMCO Investors, founded in 1977, offers investment advisory services and investment partnership, mainly in the USA. Mario J. Gabelli is the founder and present CEO of the company, with a 50% stake in the company and reported net worth of $1.2 billion.
8. Charif Souki – Cheniere Energy
Cheniere Energy is an American company, based in Texas that specialized in liquefied natural gas transport. Charif Souki – the Chairman, President and CEO of Cheniere Energy, earns approximately $388, 902 per day, which is, shockingly enough, 2,700 times more than the average household income in America.
7. Indra Nooyi, PepsiCo
Salary: $26.4 million
PepsiCo’s CEO Indra Nooyi had a pay package of $26.4 million, a number the company arrived at after offering her an increase of 18% from the previous year. Nooyi received an additional bonus of $13.9 million for playing an important role in saving the company almost $1 billion through cost cutting. She also helped PepsiCo cope with production issues by increasing prices of products and launching new products last year.
6. David Zaslav, Discovery Communications
Salary: $33.3 million
David Zaslav has taken a massive salary cut, and yet remains within the top 10 highest paid CEOs in the world 2018. A 79% drop saw Zaslav’s salary go from $156.1 million in 2014 to $33.3 million in 2016. Though his salary was cut down, he signed a contract to remain with the company through 2019 and with that, he received stocks and options worth almost $94 million. Discovery follows a policy wherein the salaries of the top executives depend on the finances of the company.
5. Sandeep Mathrani, General Growth Properties
Salary: $39.2 million
Sandeep Mathrani, the CEO of General Growth got a salary hike last year along with an employment contract that keeps him chained to the desk until 2020. His salary was estimated at $39.2 million, which includes stock awards that will vest in 2020. He was handling one of the largest real estate portfolios in New York and Manhattan for the company he was previously working for — Vornado Realty Trust — and he was the man responsible for revolutionising the mall industry retail scene.
4. Philippe Dauman, Viacom
Salary: $44.3 million
The salary of the Viacom CEO has been in the news for various reasons. There was speculation by financial analysts as to the compensation being paid to the CEO and other top executives, which was considered disproportionate to the profits of the company. Despite Viacom‘s profit margin increasingly marginally, the salaries of top executives grew at an incredible 19-20% every year. Even when the company was undergoing performance issues, Dauman’s salary structure remained unchanged and his contract was extended to 2018.
3. Robert Iger, Disney
Salary: $44.9 million
Robert Iger, better known as Bob Iger, received $44.9 million as compensation last year. Disney had major releases like Star Wars: The Force Awakens and Pixar’s Inside Out which were profit drivers for the company. Even though Iger’s salary dropped from $46.5 million in 2014 to $44.9 in 2015, his work on major projects like Star Wars and monetising on the Stars Wars franchise was appreciated by the company. With the movie breaking box-office records, Iger’s early retirement plan for 2016 was cancelled and the company extended his contract till 2018.
2. Leslie Moonves, CBS Corporation
Salary: $56.8 million
As one of the biggest television broadcasting companies in the world, CBS pays its boss man $56.8 million per annum. Moonves is the man responsible for the network exploring their various options in the digital space.
1. Dara Khosrowshahi, Expedia
Salary: $94.6 million
The highest paid CEO’s in the world currently is the top boss of Expedia, Inc. who makes a wholesome $94.6 million a year. According to reports, he’s also the only CEO who got a raise of 881%, an investment. The company protected him making him sign a long-term employment agreement with them and ensuring that he stays on until 2020. Along with the increment in his base salary, Khosrowshahi also got stock options and other benefits.