Media Company CEOs Outearn Other Industry Chiefs by $10 Million
Seven of the 20 top-paid chief executives are employed by media conglomerates, according to a report in The New York Times.
Media chiefs are among the nation's highest-paid CEOs, and as a whole, they earn on average $10 million more than their counterparts in other industries, according to a study conducted by The New York Times.
According to the Times report, citing Equilar data, seven of the 20 top-paid chief executives are employed by media conglomerates.
They are: CBS' Leslie Moonves ($60.2 million), Discovery Communications' David Zaslav ($49.9 million), Disney's Robert Iger ($37.1 million), Viacom's Philippe Dauman ($33.4 million), Time Warner's Jeff Bewkes ($25.7 million), Comcast's Brian Roberts ($25.1 million) and News Corp.'s Rupert Murdoch ($22.4 million).
Moonves came in at No. 3 on the list of highest-paid executives last year, behind Oracle's Larry Ellison ($96.2 million) and Activision Blizzard's Robert Kotich ($64.9 million).
However, when taken as a whole, media company chiefs earned an average pay of about $30 million, which was about $6 million more than their counterparts in technology and $12 million more than consumer goods company chiefs.
Overall, median pay for the top 20 media executives rose 10 percent last year, according to the Times.
In comparison, JPMorgan Chase's Jamie Dimon took home $11.5 million, while Morgan Stanley’s James Gorman earned $9.75 million.