‘Little Alignment’ in Pay Vs. Performance Among ‘Most Overpaid’ CEOs, Green Group Says
The chief executives of prominent tech companies are well represented on the list of the “top 100 most overpaid CEOs,” as compiled and released in a report Wednesday by the green group As You Sow. “Everyone wants to be properly…
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compensated for the work they do -- it is part of the American dream and bedrock of the capitalist system,” said the report. CEOs “have a difficult job and make decisions daily that could impact millions of lives and should be reasonably rewarded for the productive contributions they make to the economy and society,” it said. “However, as shown in this report, by every pay performance measure, many CEOs are being paid entirely too much and that means the process which determines CEO pay is broken.” In deciding and approving pay packages for top executives, “there is little alignment between pay and performance,” it said. “Overall, these practices promote an unsustainable system.” Microsoft CEO Satya Nadella, with a “total disclosed compensation” package of $84.3 million, places fifth on the list of the top 100, followed in seventh place by Yahoo CEO Marissa Mayer, who makes $42.1 million, the report said. Discovery Communications CEO David Zaslav tops the overall list with a $156.1 million pay package, the report said. Discovery, Microsoft and Yahoo representatives didn't comment.