For years, CEO pay has caused a battle at many companies between board members and shareholders. Board members say chief executive officers are rate commodities, trained for years to run some of America’s largest public companies. Many shareholders and public activists do not see why CEOs should make hundreds of times more than schoolteachers and firefighters. One public company CEO made $211,131,206 last year, the highest among all CEOs of S&P 500 corporations.
Not every CEO has a huge pay package. Some work for hundreds of thousands of dollars. Most of these are large shareholders in their own companies. Warren Buffett, of Berkshire Hathaway, is an example. However, he is one of the richest men in the world. For part of his tenure as chief executive of Apple, Steve Jobs was paid a base of only $1. However, he was worth hundreds of millions of dollars, at least. His successor, on the other hand, Tim Cook, has had huge pay packages.
Two CEOs took only a $1 in total composition last year, according to company proxies. These proxies were examined for 24/7 Wall St. by MyLogIQ, which uses artificial intelligence and machine learning to screen public company documents.
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