Facebook CEO Mark Zuckerberg Slashes His Salary To $1
Facebook CEO Mark Zuckerberg cuts his salary to $1, becoming the latest Silicon Valley exec to forgo a paycheck.
executive pay
GM Boosts CEO Pay 44%; Gov't Still Owns 16.4% Stake
General Motors boosted Chairman and CEO Dan Akerson's pay package by 44 percent last year, as the value of his stock awards significantly increased.
Google Pays Founders $1; Four Other Execs Get $124M
Google CEO Larry Page and his longtime partner Sergey Brin limited their salaries to $1 apiece last year, while four other executives received pay of more than $124 million.
Executives Paid in Stock Rake It In as Workers Struggle
While many of us benefit from the recent rally in stocks, executives often get paid partly in company shares. Right now, they're making out like bandits, unlike their workers.
Ford CEO Alan Mulally's Pay Fell 29% in 2012
Ford CEO Alan Mulally's pay fell nearly 30 percent to $21 million last year, dragged down by heavy losses in Europe and lower market shares in the U.S. and elsewhere.
Watchdog: Pay Remains 'Excessive' at Bailed-Out Companies
The government's top bailout watchdog accused the Treasury Department on Monday of failing to rein in "excessive" compensation at AIG, General Motors and Ally Financial. Christy Romero, Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, says that the firms don't understand "their extraordinary situations."
Vikram Pandit Quits as Citigroup CEO
Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday after steering the bank through the 2008 financial crisis and the choppy years that followed. Also resigning: President and Chief Operating Officer John Havens. Citigroup offered no explanation for the sudden departures.
Average Joe CEO Made $9.6 Million in 2011
Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by the AP using data from Equilar, an executive pay research firm.
Holy High Rollers: Blankfein's Latest Run in With Nuns
At Goldman Sachs annual shareholders' meeting on Thursday, CEO Lloyd Blankfein mixed it up a bit with a shareholder representative of the Almighty. And it wasn't the first time he's had a little trouble from the brides of Christ.
Top Executives at Bailed-Out Firms Have Pay Cut
Nearly 70 top executives at three companies bailed out by the taxpayers during the 2008 financial crisis -- AIG, Ally Financial and GM -- were ordered to take pay 10% cuts by the federal government, and the CEOs had their pay frozen at 2011 levels.
Top CEOs Earn More Than Their Firms Pay in Taxes
Twenty five CEOs of America's top companies earned more money than their companies paid in taxes last year, according to the Institute for Policy Studies' Executive Excess report. See which firms and CEOs made the list.
CEO Pay: JPMorgan's Dimon Earned His Big Money
The average person may find it hard to imagine what big company CEOs do to justify their massive pay packages. Shareholders often ask a similar question: Why pay executives so much when the returns they produce are often so modest? But that's a question that doesn't apply to JPMorgan Chase CEO Jamie Dimon.
New SEC Rule Gives Investors a Vote on Executive Pay
The Securities and Exchange Commission on Tuesday approved a measure that gives institutional shareholders a vote on executive pay at large corporations, part of regulators' efforts to give investors greater say over top-level salaries that have been described as excessive.
General Motors CEO to Seek Easing of Executive Pay Limits
Now that General Motors is on better financial footing and the automaker's initial public offering of stock is behind it, CEO Daniel Akerson is reportedly seeking to have government restrictions on executive pay eased.
Outrageous CEO Perks: This Year's Top Picks
Thanks to public outcry and the prodding of the SEC, public companies don't throw crazy perks at their CEOs the way they once did. But execs still routinely get lavish benefits that increase their pay by millions. See our list of this year's most outrageous CEO perks.