CEO pay: biggest raises and biggest cuts of 2013
NEW YORK, N.Y. - Here's a look at the CEOs who received the biggest raises and the biggest pay cuts in 2013 compared with 2012, as calculated by the executive pay research firm Equilar and The Associated Press.
Whose pay rose the most:
1. Rodney Sacks, Monster Beverage, $6.2 million, up 679 per cent
2. Stephen Kaufer, TripAdvisor, $39 million, up 510 per cent
3. Sandeep Mathrani, General Growth Properties, $22.1 million, up 424 per cent
4. Richard Adkerson, Freeport McMoRan Copper & Gold, $55.3 million, up 294 per cent
5. Jeffrey Immelt, General Electric, $19.2 million, up 264 per cent
Whose pay fell the most:
1. Willard Oberton, Fastenal, $794,761, down 79 per cent
2. Warren Buffett, Berkshire Hathaway, $485,606, down 77 per cent(asterisk)
3. Michael Duke, Wal-Mart, $5.6 million, down 73 per cent
4. John Richels, Devon Energy, $3.7 million, down 71 per cent
5. Mark Zuckerberg, Facebook, $653,165, down 67 per cent(asterisk)
(asterisk)Both Zuckerberg and Buffett own large parts of their respective companies, and the vast majority of their wealth comes from their ownership stakes, not their salaries as CEOs. Zuckerberg, in particular, elected to take a symbolic $1 salary in 2013, down from $503,205 in 2012. Buffett for many years has had one of the lowest base salaries of the S&P 500 CEOs, at $100,000.