Liberty's Maffei Tops List of Best-Paid CEOs

Gregory B. Maffei, boss of Liberty Media Corp. (LINTA), topped The Wall Street Journal list of best-paid CEOs, taking home $87.1 million.

Maffei's compensation was four times larger than his 2008 package.

Larry Ellison, founder of Oracle Corp. (ORCL), came in second, with a pay packet of $68.6 million. Most of that took the form of options, valued at $61.9 million.

Sponsored Links
The survey covers companies with annual revenue worth more than $4 billion that filed proxies between Oct. 1 2009 and Sept. 30 2010.

The survey, carried out with management-consultants Hay Group, showed that annual bonuses jumped by almost 11% to a median of $1.67 million.

Overall, median compensation for CEOs gained 3%, as measured by salary, bonuses and the awarded value of stock, options and other long-term incentives.

Ray Irani, CEO of Occidental Petroleum Corp. (OXY), who was the best-paid CEO in an April study, fell to third position. He came away with $52.2 million. In October, Occidental instigated a new pay policy that cut his maximum compensation by almost three-quarters.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.