America's Nonsensical CEO Pay

A blog about business and economics.
July 1 2013 3:58 PM

America's Nonsensical CEO Pay

From my latest column:

Philippe Dauman of Viacom, for example, is a very rich man—which is what you’d assume about the CEO of a major media firm, with the 100th highest amount of revenue of any publicly traded American company. Dauman brought in $33.4 million in salary, bonuses, perks, stock, and options in 2012. Nice work if you can get it. But then again, there’s Leslie Moonves of CBS. He’s also a very rich man. Given Dauman’s wealth, that’s exactly what you’d expect of the CEO of another large American media company. What you might not expect is that, even though Moonves’ firm is just two spots ahead of Dauman’s on the revenue rank order, Moonves made nearly twice what Dauman did last year: $60.3 million.

Advertisement

Lurking between Moonves and Dauman on the executive pay list is Disney’s Robert Iger, who brought in $37.1 million in 2012. Disney, which is more than twice as big as CBS or Viacom, had $42.3 billion in 2012 revenue, and its stock did better than the other companies in 2012, too.

So is Iger underpaid? Or perhaps Moonves is overpaid? Nobody knows.

Read the rest.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

TODAY IN SLATE

Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Students Aren’t Going to College Football Games as Much Anymore

And schools are getting worried.

Two Damn Good, Very Different Movies About Soldiers Returning From War

The XX Factor

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.

Politics

Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

Why a Sketch of Chelsea Manning Is Stirring Up Controversy

How Worried Should Poland, the Baltic States, and Georgia Be About a Russian Invasion?

Trending News Channel
Sept. 19 2014 1:11 PM Watch Flashes of Lightning Created in a Lab  
  News & Politics
Weigel
Sept. 20 2014 11:13 AM -30-
  Business
Business Insider
Sept. 20 2014 6:30 AM The Man Making Bill Gates Richer
  Life
Quora
Sept. 20 2014 7:27 AM How Do Plants Grow Aboard the International Space Station?
  Double X
The XX Factor
Sept. 19 2014 11:33 AM Planned Parenthood Is About to Make It a Lot Easier to Get Birth Control
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
  Arts
Brow Beat
Sept. 20 2014 3:21 PM “The More You Know (About Black People)” Uses Very Funny PSAs to Condemn Black Stereotypes
  Technology
Future Tense
Sept. 19 2014 5:03 PM White House Chief Information Officer Will Run U.S. Ebola Response
  Health & Science
Bad Astronomy
Sept. 20 2014 7:00 AM The Shaggy Sun
  Sports
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.