This photo combo shows from left, Lisa Su, president and CEO of AMD, David M. Zaslav, President and Chief Executive Officer of Discovery Communications, General Motors Chairman and Chief Executive Officer Mary Barra, Walt Disney Company Chairman and CEO Robert A. Iger and Netflix Founder and CEO Reed Hastings. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.  (AP Photo/File)

AMD’S Su, Discovery’s Zaslav among highest paid CEOs

May 27, 2020 - 12:30 pm

Here are the highest paid male and female CEOs in the S&P 500 index for 2019, as calculated by The Associated Press and Equilar, an executive data firm.

The AP’s compensation study covered 329 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their respective companies, which filed proxy statements between Jan. 1 and April 30. Some companies with highly paid CEOs do not fit these criteria.

Pay for chief executives rose to a median of $12.3 million last year, including salary, stock and other compensation. Median means half were larger, and half were smaller.

Compensation often includes stock and option grants that the CEO may not receive for years unless certain performance measures are met. For some companies, big raises occur when CEOs get a stock or option grant in one year as part of a multi-year grant.

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Top female CEOs:

1. Lisa T. Su

Advanced Micro Devices

$58.5 million.

Change from last year: 338%

Her pay vs typical company worker: 604 times, up from 165

Overall ranking: No. 1

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2. Marilyn A. Hewson

Lockheed Martin

$24.4 million

Change from last year: 14%

Her pay vs typical company worker: 200 times, up from 191

Overall ranking: 22

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3. Mary T. Barra

General Motors

$21.3 million

Change from last year: -2%

Her pay vs typical company worker: 203 times, down from 281

Overall ranking: 37

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4. Virginia M. Rometty

IBM

$19.1 million

Change from last year: 9%

Her pay vs typical company worker: 354 times, up from 319

Overall ranking: 57

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5. Phebe N. Novakovic

General Dynamics

$17.8 million

Change from last year: -14%

Her pay vs typical company worker: 157 times, down from 240

Overall ranking: 76

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Top Male CEOs:

1. David Zaslav

Discovery

$45.8 million

Change from last year: -65%

His pay vs typical company worker: 578 times, down from 1,511

Overall ranking: No. 2

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2. Robert Iger

Walt Disney

$45.6 million

Change from last year: -31%

His pay vs typical company worker: 911 times, down from 1,424 times

Overall ranking: No. 3

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3. Shantanu Narayen

Adobe Inc.

$39.1 million

Change from last year: 38%

His pay vs typical company worker: 266 times, up from 200

Overall ranking: No. 4

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4. Reed Hastings

Netflix

$38.6 million

Change from last year: 7%

His pay vs typical company worker: 190 times, up from 178

Overall ranking: No. 5

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5. Larry J. Merlo

CVS Health

$36.5 million

Change from last year: 66%

His pay vs typical company worker: 790 times, up from 618

Overall ranking: No. 6

(asterisk) CVS Health says pay figures filed in its proxy are misleading, in part because of a recent change in how it reports executive compensation. It says Merlo’s pay was “relatively consistent” with the two years prior after excluding some one-time events and that his pay ratio narrowed to 425 last year.

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