The significant stock gains of 2017 meant it was a good year for CEOs and their pay packages. Median pay for the 200 highest-paid CEOs at U.S. public companies with more than $1 billion in revenue rose 14% in fiscal year 2017 to $17.5 million, according to the latest Equilar/New York Times study.
This was the first year companies disclosed the ratio of their CEO's pay to that of a median employee. Firms with the highest ratios were Weight Watchers International Inc. (WTW), Mattel Inc. (MAT), McDonald's Corp. (MCD), Gap Inc. (GPS) and Live Nation Entertainment Inc. (LYV).
Median total shareholder return was 20%, up from 14% in 2016 and 3% in 2015.
The highest pay increases were seen by Stephen Kaufer of TripAdvisor inc. (TRIP), who enjoyed a whopping 3400% increase, Nexstar Media Group's (NXST) Perry A. Sook and Allergan's (AGN) Brenton L. Saunders. Sook and Saunders saw their pay climb 1174% and 694%, respectively.
Those awarded the most dramatically lower amounts were Mark Parker of Nike (NKE), Estée Lauder's (EL) Fabrizio Freda and Hewlett Packard Enterprise (HPE) chief Margaret C. Whitman. They saw their pay packages drop 71%, 61% and 55%, respectively.(See also: A Guide To CEO Compensation)
These are are the highest paid CEOs of 2017:
1. Hock E. Tan - Broadcom (AVGO)
Total compensation: $103,211,163
The CEO of California-based Broadcom, a developer and supplier of semiconductors, saw his pay increase 318% in 2017. The bulk of this amount, roughly $98 million, was a stock grant that will vest in 2020 and 2021 if the firm's shares outperform at least half of the companies in the S&P 500 during the performance periods.
The Harvard and MIT graduate was born in Malaysia is renowned, and feared, for his aggressive style of doing business.
2. Frank J. Bisignano - First Data (FDC)
Total compensation: $102,210,396
Besides Tan, Bisignano is the only other CEO to receive more than $100 million in a single year since 2014. His pay package shot up 646% in 2017. While his salary and perks remained the same and his bonus was trimmed, he received a $99.8 million stock grant.
3. Michael Rapino - Live Nation Entertainment (LYV)
Total compensation: $70,615,760
Rapino, who began his career booking college bands, has led a number of acquisitions and signed a 5-year contract to serve as Live Nation's chief executive at the end of last year.
His 2017 pay package consisted of a $7.7 million bonus and stock grant of $58.6 million. The company has a remarkably high CEO pay ratio of 2893, and executive bonuses was the subject of a recently dropped suit filed against the company.
4. Leslie Moonves - CBS (CBS)
Total compensation: $68,375,015
Leslie Moonves' compensation fell slightly in 2017 from $68.6 million. He received a $20 million cash bonus and a $43.6 million stock award. He could make $187 million if fired due to the failure of merger negotiations with Viacom, according to Bloomberg.
5. Gregory B. Maffei - Liberty Media & Qurate Retail Group (FWONA & QRTEA)
Total compensation: $67,220,132
The Dartmouth and Harvard Business School graduate serves as president and CEO of Liberty Media, which owns Formula One and SiriusXM, and is also chairman of Qurate Retail Inc. (formerly Liberty Interactive), which owns digital commerce businesses, including subsidiaries QVC, HSNi and zulily.
He saw his compensation go up 125%, mainly due to the $52 million in stock options he was awarded.