Wednesday, May 01, 2013

Winners and "Losers"

Since we've been on the subject of executive compensation ...

>> Walt Disney Co. Chairman Bob Iger's compensation package got a 20 percent bump to $40 million. ...

>> News Corp. Chairman Rupert Murdoch's pay shrunk along with his company. ...

>> DreamWorks Animation CEO Jeffrey Katzenberg got a 33 percent raise to $5.2 million. ...

>> Netflix CEO Reed Hastings gave up stock options and saw his compensation fall by 41 percent in order to make amends for the subscriber backlash. ...

>> Viacom CEO Philippe Dauman's compensation took a 22 percent hit to go alongside Nickelodeon's ratings slide. Still, his salary, bonuses and other niceties topped out at $33.5 million for the year.

A 22 percent pay cut but still $33.5 million for twelve months work. Puts you 2% raise in clearer perspective, donnit?

But remember, these are Top Dogs we are talking about, and they're worth every penny. Their boards of directors (who are absolutely independent actors,) say so. And that's good enough for me.

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