by: Wayne Duggan, Benzinga Staff Writer
Amazon Web Services CEO Andrew Jassey received total compensation of $35.6 million in 2016, making him the highest-paid executive at Amazon.com, Inc. AMZN. CEO Jeff Bezos, on the other hand, earned just $1.7 million last year.
Facebook Inc FB’s Mark Zuckerberg, HP Inc HP’s Meg Whitman and Icahn Enterprises LP IEP’s Carl Icahn have three of the lowest CEO salaries in the country. But don’t think for a moment that these three business tycoons are simply charitable with their time.
High-ranking business executives often receive a large percentage of their annual compensation in company stock. Others, such as Bezos, already own so much company stock that market returns can be massive.
A Look At The 6
When stock-based compensation is included, here’s a look at Forbes’ list of the six highest-paid executives in the world:
1. John Hammergren, McKesson Corporation MCK
- Annual earnings: $131.2 million
2. Ralph Lauren, Ralph Lauren Corp RL
- Annual earnings: $66.7 million
3. Michael Fascitelli, Vornado Realty Trust VNO
- Annual earnings: $64.4 million
4. Richard Kinder, KinderMorgan Inc KMI
- Annual earnings: $60.9 million
5. David Cote, Honeywell International Inc HON
- Annual earnings: $55.8 million
6. George Paz, Express Scripts Holding Company ESRX
- Annual earnings: $51.5 million
As of late 2016, Bezos, Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B)’s Warren Buffett and Zuckerberg were ranked as the three S&P 500 company CEOs with the largest personal equity stakes in their respective companies. Each of the three CEO owns more than $50 billion of stock in their own company.
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