Read the below artcile about corporate Salaries.. I am sure that this will scare every one. The Highest Pay for CEO including options is 250 Million. I thought its a joke not any more from Wall Street Journal
My rant continues. Finance,Energy,and IT these are the places where the future is..
Richard D. Fairbank, Capital One Financial Corp., with total direct compensation of $249.27 million. The sum entirely resulted from option exercises. Most of the value realized came from grants scheduled to expire last year. He held shares worth $200.2 million in the McLean, Va., credit-card giant at year-end. Shareholder return equaled 2.7%.
• Bruce Karatz, KB Home, $155.9 million, mainly because he enjoyed a $118.37 million payday from exercising options, pocketed restricted shares initially worth $3.86 million and received a long-term incentive payout of $3.53 million. He owned stock worth $132.6 million as of Nov. 30, the fiscal-year end for the Los Angeles builder. Shareholder return was 61%.
• Henry R. Silverman, Cendant Corp., $133.26 million, largely due to $117.64 million from exercising options that were about to expire. The head of this sprawling travel and real-estate company held shares worth $159.35 million when the year ended. Shareholder return was minus 21%. His employer is splitting up because of its poor stock performance.
• Richard S. Fuld Jr., Lehman Brothers Holdings Inc., $104.4 million, mainly an outgrowth of $74.96 million from his option exercises. The leader of the New York investment bank owned a sizable stake worth about $563.68 million on Nov. 30, the end of fiscal 2005. Shareholder return totaled 51.6%
• William E. Greehey, Valero Energy Corp., $95.16 million, primarily resulting from about $55.27 million in option gains, restricted shares with an initial value of $5.7 million and $29.28 million from a long-term incentive payout. His shares were worth $241.85 million at the end of a year when TSR was a stunning 128.5%.
• Ray R. Irani, Occidental Petroleum Corp., with total direct compensation of $83.96 million, the consequence of his $37.56 million in option gains, a restricted-stock award with an initial value of $30.9 million, plus a $10.56 million payout from a long-term incentive plan. The leader of the Los Angeles energy concern had a share stake worth $32.7 million at year-end. Shareholder return equaled 38.8%.
• Lawrence J. Ellison, Oracle Corp., $74.37 million, largely due to $66.89 million from exercising options. When the fiscal year ended last May 31, the founder of the business-software maker had a huge stake valued at about $15.5 billion. Investors saw a return of 12.3%.
WSJ.com - Who Made the Biggest Bucks
