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Over paid CEOs in U.S.A


     I really got surprised when I saw these figures and wanted to share with all of you.Here is the list of over paid CEOs in America.

8. Kevin Sharer

Kevin Sharer

Kevin Sharer

* Company: Amgen Inc.  

* Total compensation: $21,138,133

Sales at the world’s largest biotech company rose from $14.6 billion in 2009 to $15.1 billion in 2010. Net income was higher by 2% to $4.6 billion. Amgen has relied heavily on its anemia drugs, which have experience eroding sales over the past two years. Sharer made an extraordinary $26 million over the two years that ended in 2010. During that time Amgen’s shares were flat compared to a 65% increase in the Nasdaq.

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7. William Weldon

William Weldon

William Weldon

* Company: Johnson & Johnson
* Total compensation: $28,720,491

Johnson & Johnson has been battered by product recalls that have hurt the company’s sales and tarnished its brand — one that was once among the most valuable in the world. In a period that ended last April, J&J had 22 product recalls in 19 months. Among the products recalled were widely sold Motrin and Children’s Tylenol. He was grilled by a congressional committee last September and exchanged barbs with Food and Drug Administration officials over the recalls

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6. Robert Stevens

Robert Stevens

Robert Stevens

* Company: Lockheed Martin Corporation
* Total compensation: $21,897,820

The drop in Lockheed Martin’s  share price did not just occur over the course of 2010. Its stock has underperformed the DJIA over the past five years as well. While revenue in 2010 was up to $45.8 billion from $44 billion the year before, net income fell to $2.9 billion — lower than any of the previous three years. The anticipation of federal defense budget cuts may have hurt Lockheed’s share price. But Wall St. expects sales overseas to be strong for the next several years. The blame for delays and test problems with Lockheed’s huge F-35 program do belong with Stevens. And while Stevens still has a job, in June the company said it would cut 6,500 workers. Stevens did not even take a pay cut!!

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5. William Swanson

William Swanson

William Swanson

* Company: Raytheon Co.
* Total compensation: $18,787,343

Defense contractor Raytheon  had net income of $1.8 billion in 2010 down from $1.9 billion the year before. Revenue was nearly flat at $25 billion. Raytheon shares have probably suffered because of concerns about the government’s defense budget. Swanson has made almost $58 million over the three years that ended in 2010. Based on how investors have done, that is excessive.

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4. Miles White

Miles White

Miles White

* Company: Abbott Laboratories
* Total compensation: $25,564,283

Abbott Labs  recently announced it would break itself into two companies. It was the best thing management has done for shareholders in years. Abbott has been criticized for its acquisition spree, and now it has decided to break the businesses it has acquired into parts. Abbott has also struggled with product development. The drug and medical device company has failed to develop any major pharmaceuticals out of its M&A operations in the past two years. Abbott’s revenue rose from $30.8 billion in 2009 to $35.2 billion in 2010, but net income fell from $5.7 billion to $4.6 billion.

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3. Laurence Fink

Laurence Fink

Laurence Fink

* Company: BlackRock Inc.
* Total compensation: $23,839,294

Laurence Fink is considered the best money manager in the world. BlackRock  is the largest money management firm in the U.S., with assets under management of $3.66 trillion. He continues to be well-regarded by the press. Fink was recently added to the Forbes “WORLD’S MOST POWERFUL PEOPLE” list.

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2. Tom Ward

Tom Ward

Tom Ward

* Company: SandRidge Energy Inc.
* Total compensation: $21,756,257

SandRidge, an oil and natural gas company, has piled on debt as it has moved from gas to liquid energy assets. In the process, SandRidge spent $2.2 billion on assets in the Permian Basin and $1.8 billion for acreage on the Anadarko Shelf. Long-term debt reached $2.9 billion at the end of 2010. The debt is listed as one of the risk factors in the company’s 10-K. SandRidge’s prospects improved in 2010 as revenue rose to $932 million from $591 million in 2009.

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1. John Chambers

John Chambers

John Chambers

* Company: Cisco Systems
* Total compensation: $18,871,875

Cisco was once considered the most well-run large company in Silicon Valley. That has changed in the last year as it has become clear that Chambers, a dean of valley ceos, diversified that company too far beyond its core router business. Margins in the new set-top box, WiFi, and videoconference businesses do not match those of routers. Chambers has begun a retreat from his M&A strategy, trying to refocus the company. He has had only limited success so far. Cisco has also announced that its rapid growth will slow considerably in the next two years.

I REALLY GOT SURPRISED BY SEEING THESE FIGURES…..I THINK YOU TOO GOT SURPRISED,RIGHT?
COURTESY:BUSINESSINSIDER

Comments on: "Over paid CEOs in U.S.A" (3)

  1. So that explains why the prices of my pharmaceuticals are so high.

  2. next is me bro…………

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