
Negotiate great terms
up front
-including
your exit package.
Pardon Me, That's My Throne I37
him- at least long enough. H e was also great onstage as an actor.
Take a few acting classes.
Th
ey help. You can do this.
THE
BIG
PAYDAY
Your goal? Big firm CEOs (and some smaller ones) collect big pay,
stock options, def
err
ed comp (salary set aside in tax advantaged
ways), and other perks. Smart
CEO
s negotiate great terms and
their potential exit
package-up
front.
Who
makes the most? Table 2.1 shows America's ten best-paid
CEO
s in 2007.
Note
:
The
top ten names change, sometimes radi-
cally, year-to-year, based on which industries
flew high, who personally blew up, or who
negotiated the best terms.
Morg
an Stanley's
John
Mack will fall in 2008 tied to his firm's
mortgage woes. Glenn Murphy's new to the
li
st-app
ointed Gap's
CEO
in 2007. Lots of flux her
e-w
ell-paid
career risk. Some of 2006's top ten are not only off the list, but lost
their jobs, like Merrill Lynch's Stan O'N eal and Yahoo's Terry Semel.
Table
2.
1
Top
Paid
CEOs
in
2007
CEO
Firm
Total
Compensation
JohnThain Merrill
Lynch
$83.1 million
Leslie
Moonves
CBS
Corp $67.6 million
Richard
Adkerson
Freeport-
Mc
Moran
$65.3 million
Bob Simpson
XTO
Energy
Inc. $56.6 million
Lloyd
Blankfein
Goldma
n
Sachs
$53.9 million
Kenneth Chenault American Ex
press
$51.7 million
EugeneIsenberg Nabors Industries $44.6 million
John Mack
Morgan
Stanley
$41.7 million
Glenn
Murphy
GapInc.
$39.1 million
RayIrani
Occidental
Petroleum