For Some CEOs, Pay Soars Past $100 Million Mark

[dogday]

Median Pay for CEOs of 100 Largest Companies Rose 25 Percent

Even after a decade of sharply rising CEO pay, 2005 proved a watershed for a select group of executives. Their paydays — or potential paydays — broke $100 million. Led by Capital One Financial's Richard Fairbank, several corporate chieftains earned nine-figure sums or the prospect of that much.

Compensated only by stock options since 1997, Fairbank claimed one of the biggest windfalls among CEOs, exercising 3.6 million options for gains of nearly $250 million. His personal haul exceeded the annual profits of more than 550 Fortune 1000 companies, including Goodyear Tire & Rubber, Reebok and Pier 1.

Fairbank, 55, pulled in $56 million from options in 2004. Capital One says Fairbank had to exercise options last year because they were set to expire. The company also noted its 24.6% annual shareholder returns the past decade.

Lifted by Wall Street's three-year bull market, 14 consecutive quarters of rising corporate earnings, mergers and turnover in the corner office, scores of other CEOs enjoyed less stratospheric but still Olympian pay packages.

http://articles.news.aol.com/business/article.adp?id=20060410073709990009&_ccc=2&cid=403

Take the polls if you want as well, there are two of them on this page


Should there be a cap on CEO compensation?
Yes 73%
No 27%


Should CEO pay be tied to company performance?
Yes 92%
No 8%

[Warpy]

1. Time to start building guillotines, IMO

I know how to knit. I await the tumbrils.

Why the HELL this isn't called embezzlement is beyond me, because that's what it is. They're stealing from workers whose pay has been kept artificially low for 3 decades, as well as from stockholders.

[dogday]

3. The rich get richer and

the poor take it up the wazoo........

[formercia]

2. What's in your wallet

money that's going into their pocket, meanwhile people are going bankrupt because of high interest rates on credit cards combined with medical crisis.
My wife had a brain anurism at work a couple of months ago and almost died, so our finances took a death spiral when our credit card interest rates soared to nearly 30 percent.

What I would like to do to these people, I can't say here.

[TahitiNut]

4. Junior's 'base' ... and their bosses

The 'haves' and the 'have mores' ... the only time I recall Junior telling the truth.