Top-dollar CEOs; McCaw is highest paid; Chiefs at top rung find pot of gold
Apr. 27, 1990
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Lists of the USA's highest-paid corporate chiefs now hitting newsstands are reviving a controversy that never hibernates for long: Are these guys really worth their weight in gold?
In 1989, CEOs at Fortune 100 firms made an average $1.2 million in salary and bonuses, compensation experts estimate. That means a 180-pounder rakes in $416 an ounce - or more than $40 an ounce more than his weight would be in gold. In fact, CEOs make more in one week ($23,076) than the average worker does in a year. And big-name CEOs pocket another $900,000 on average in "long-term compensation" - primarily company stock and multi-year bonuses.
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Disney's chief's pay anything but goofy: $11M
Jan. 31, 1991
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For Michael Eisner, chairman of Walt Disney Co., 1990 was a very good year. He took home $11.25 million - $750,000 in salary and a bonus of $10.5 million. The executive's pay was listed in a company proxy statement mailed to shareholders this week.
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The pay gap; High salaries draw fire in austere times
Apr. 26, 1991
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Chrysler CEO Lynn Townsend raked in $210,000 in 1970 - $10,000 more than President Nixon and 27 times the average autoworker. AT&&T's H.I. Romnes earned $356,208 that year - 46 times the average AT&&T operator.
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Directors' pay surges; Boardroom's hefty perks draw fire
June 7, 1991
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Barbara Hackman Franklin is one of the nation's best-paid businesswomen. And not because she heads Franklin Associates in Washington, D.C., her management consulting firm.
Franklin, 51, sits on seven corporate boards that in 1990 paid her about $315,600 for about 16 weeks' worth of work.
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The CEO pay gap flap; Experts say high salaries hurt U.S. firms
Jan. 9, 1992
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No question about it. U.S. top executives are paid a lot more than their foreign peers. "Only here (in the USA) is it possible for an executive to earn $30 million a year," says Han Tauscher, managing director of Mercedes-Benz in the United Kingdom.
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Personal income up a mere 2.1%; Gain is slowest since 1958
Apr. 23, 1992
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Per-capita personal income grew more slowly last year than in any year since 1958, the Commerce Department said Wednesday.
Commerce said personal income averaged $19,082 per person - up 2.1% from 1990 but the slowest growth since 1958's 1% gain.