Topic: Philippe Dauman
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The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press. The typical American worker would have to labor for 244 years to make what the typical boss of a big public company makes in one.
CEO pay of $84 million earned him the top spot in 2010, but dropped to $43 million in 2011. So who was tops in CEO pay last year? Apple's Tim Cook.
CEOs at the biggest public companies in the US saw a raise in pay in 2010. The fourth annual analysis by the Wall Street Journal and the Hay Group, a management-consulting firm, shows that the median value of compensation of CEOs at the top 350 companies rose 11 percent, to $9.3 million. Only two of the Top 5 highest-paid CEOs were among the Top 5 the previous year, and only one was on the list four years ago. Total compensation includes salary, bonuses, granted value of stock, stock options, and other long-term incentives awarded for work.