Redstone, CBS’s 90-year-old chairman and controlling shareholder, almost doubled his annual compensation to $57.2 million, the filing shows. That included a $10 million bonus and a $45.4 million change in the value of his pension. At Viacom, owner of Comedy Central and MTV, Redstone received $36.2 million in 2013, up 77 percent from the year earlier.
Facebook, Twitter
Facebook Inc., the biggest technology IPO in history, is paying its CEO a paltry amount by comparison: Mark Zuckerberg earned $653,165 in total compensation. His fortune, however, mostly derives from his stake in the social-media company and his net worth stands at $26.3 billion, according to the Bloomberg Billionaires Index. At Twitter Inc., CEO Dick Costolo earned $130,250 in the year the company raised $1.82 billion in an initial public offering.
In October, a majority of Oracle shareholders rejected Ellison’s pay packages for a second year in a vote that followed the recommendation of proxy adviser Institutional Shareholder Services, which said the compensation level didn’t match the company’s performance. Ellison, the 69-year-old founder of Oracle, saw his pay decline to $78.4 million from $96.2 million the previous year after he gave up an annual bonus and the company missed some of its profit targets.
The S&P 500 Index has more than doubled in five years as the economy recovered from the recession. If the stock market climbs, the actual amount CEOs receive will be higher than what is reported, said Alan Johnson, a managing director at compensation consultant Johnson Associates.
“The stock market is up so much over five years we’re going to see a pretty good variation between what we say we paid an executive in a particular year and what their actual income is in that year,” Johnson said.