Liberty Media CEO Maffei tops paylist
Report: Yahoo CEO Bartz most overpaidWashington has been trying to keep in check the paychecks of Wall Street executives, but media and technology CEOs are at the top of a new list of the highest-paid U.S. executives compiled by shareholder advisory firm Glass Lewis & Co.
The New York Post reported Tuesday that Liberty Media CEO Greg Maffei was the highest-paid CEO at a publicly traded U.S. company in 2009 with total compensation of $188 million, although most of that came in the form of stock awards with an estimated value of $179 million.
Following second-ranked Oracle CEO Larry Ellison and third-placed Ray Irani of Occidental Petroleum, Sirius XM Radio CEO Mel Karmazin with $45.6 million and CBS Corp. president and CEO Leslie Moonves with $44.1 million add more media power to the top five in the Glass Lewis report, the Post said.
But the shareholder advisory called Yahoo CEO Carol Bartz the most overpaid CEO compared to performance with a $39 million pay package, according to the paper. Glass Lewis particularly assailed $10 million in restricted stock and cash that Yahoo paid to make up for medical coverage and equity grants that she forfeited when she left her previous job at Autodesk. But the advisory firm said the stock options he left behind there currently only amount to a much lower $475,000.