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Top 10 CEO salaries of 2008

The Huffington Post published the list of the Top 10 CEO pay packages for 2008.

The list is based upon the Associated Press formula which adds up salary, benefits,
bonuses, preferential interest rates on pay set aside for later and
company estimates for the value of stock options and stock awards on
the day they were granted last year:

1. Aubrey McClendon, Chesapeake Energy Corp., $112.5 million

2. Sanjay Jha, Motorola Inc., $104.4 million

3. Robert Iger, Walt Disney Co., $51.1 million

4. Lloyd Blankfein, Goldman Sachs Group Inc., $42.9 million

5. Kenneth Chenault, American Express Co., $42.9 million

6. Vikram Pandit, Citigroup Inc., $38.2 million

7. Steven Farris, Apache Corp., $37.2 million

8. Louis Camilleri, Philip Morris International Inc., $36.9 million

9. Kevin Johnson, Juniper Networks Inc., $36.1 million

10. Jamie Dimon, JPMorgan Chase & Co., $35.7 million

Four out of ten in the financial community, and one who might have a few questions as to what qualifies them to be in this list based upon recent performance?

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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  • Jan

    Contract is what qualifies them ;-). It is often said, that managers earn such large salaries because of enormous resposibility thtat lies on them, but when their management fails, where is that resposibility? I bet it is not much more than a little shame… until next quarter earnings report. If there’ll be an improvement, everything will be justified once again.
    Oh, well it is not our small beetles job to worry about others salaries. Shareholderrs approvement it just enogh.

  • Chris Skinner

    Not everyone wins however, with Sir Fred Goodwin not only being rumoured to be stripped of his knighthood to become Mister Fred, but also being rejected by the local golf course:
    Sir Fred Goodwin is taken off St Andrews golf club waiting list (Times, 10th May 2009)