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

Associated Press

Tags: Ginni Rometty, Larry Merlo, David Zaslav, Reed Hastings, Business, Lisa Su, Bob Iger
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FILE - In this May 23, 2018, file photo IBM's President and CEO Virginia Rometty leaves after her meeting with France's President Emmanuel Macron at the Elysee Palace in Paris. 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 APs annual survey of executive compensation. (AP Photo/Francois Mori, File)
FILE- In this Feb. 23, 2017, file photo, General Dynamics CEO Phebe Novakovic listens as President Donald Trump speaks during a meeting with manufacturing executives at the White House in Washington. 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 APs annual survey of executive compensation. (AP Photo/Evan Vucci, File)
FILE - In this Thursday, Jan. 8, 2015, file photo, David M. Zaslav, President and Chief Executive Officer of Discovery Communications, appears on stage at Discovery Communications 2015 Winter TCA in Pasadena, Calif. 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 APs annual survey of executive compensation. (Photo by Richard Shotwell/Invision/AP, File)
FILE - In this May 1, 2019 photo, Lisa Su, president and CEO of AMD, attends the opening bell at Nasdaq, in New York. 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 APs annual survey of executive compensation. (AP Photo/Mark Lennihan, File)
FILE - This June 5, 2012 file photo shows Walt Disney Company Chairman and CEO Robert A. Iger in Washington. 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 APs annual survey of executive compensation. (AP Photo/Manuel Balce Ceneta, File)
FILE - In this Feb. 28, 2017, file photo, Netflix Founder and CEO Reed Hastings smiles during an interview in Barcelona, Spain. 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 APs annual survey of executive compensation. (AP Photo/Manu Fernandez, File)
FILE - In this June 19, 2017 file photo, Shantanu Narayen, Chief Executive Officer of Adobe, pauses before an American Technology Council roundtable in the State Dinning Room of the White House, in Washington. 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 APs annual survey of executive compensation. (AP Photo/Alex Brandon, File)
FILE - In this April 27, 2020 file photo, CVS CEO Larry Merlo listens during a meeting with President Donald Trump about coronavirus testing, in the Cabinet Room of the White House in Washington. 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 APs annual survey of executive compensation. (AP Photo/Evan Vucci, File)
FILE - In this July 23, 2018 file photo shows Lockheed Martin president and CEO Marilyn Hewson at the White House in Washington. 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 APs annual survey of executive compensation. (AP Photo/Evan Vucci, File )
FILE - In this July 16, 2019, file photo General Motors Chairman and Chief Executive Officer Mary Barra speaks during the opening of their contract talks with the United Auto Workers in Detroit. 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 APs annual survey of executive compensation. (AP Photo/Paul Sancya, File)
This photo combo shows from left, General Motors Chairman and Chief Executive Officer Mary Barra, David M. Zaslav, President and Chief Executive Officer of Discovery Communications, Lisa Su, president and CEO of AMD, 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 APs annual survey of executive compensation. (AP Photo/File)

AP

FILE - In this May 23, 2018, file photo IBM's President and CEO Virginia Rometty leaves after her meeting with France's President Emmanuel Macron at the Elysee Palace in Paris. 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 APs annual survey of executive compensation. (AP Photo/Francois Mori, File)

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.

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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. Marillyn 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

Note: 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.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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