Media, tech titans among best-paid CEOs
Diller, Semel among industry elite on Journal list for decadeFormer top media and entertainment executives who switched into top Internet jobs showed up on a ranking of the decade's 25 top-earning CEOs on Tuesday.
IAC CEO Barry Diller ranks second on the Wall Street Journal's list of highest-paid CEOs across sectors behind tech giant Oracle's Larry Ellison.
The list, unveiled in Tuesday's issue, shows IAC founder Diller, a former Paramount and Fox studio boss, as earning $1.14 billion in total realized compensation over the past decade, most of it from gains on stock options.
Number four on the list is Apple boss Steve Jobs, whose tech gadgets have affected Hollywood's business, with about $750 millon. Former Warner Bros. leader Terry Semel made $490 million as head of Yahoo between 2001 and 2007, bringing him in eighth.
The Journal mentioned IAC as one of the companies on its list, whose shareholders lost money in the past decade. For every $100 of investment, it made investors $77.90, the Journal said.
But Diller told the Journal his compensation gains reflect good returns for shareholders in earlier periods, and his pay set-up ensures that he does just as well or badly as shareholders.