They make how much?
Average CEO pay levels for S&P 500 Index companies fell 5 percent in 2012, compared with 2011. But that figure is skewed by the salary of one CEO — Apple’s Timothy Cook — whose 2012 salary fell to $4.2 million, down from $378 million the year before. When he is taken out of the mix, average CEO pay actually increased 5 percent in 2012 over 2011, according to the AFL-CIO.
And while the average worker’s pay is $19.77 per hour, some CEOs make several hundreds times that in total compensation. For example:
But even at those numbers, those CEOs are not on Forbes’ list of the top five highest-paid CEOs in 2012. According to the magazine, the top five earners are:
Most of their pay came from exercised stock options or vested stock awards.
Surfing for better business
Do you know what’s on your own company’s website?
Too many CEOs don’t, leaving the task to their employees. But if you don’t know how your business is being represented to the world, that could be trouble. As the CEO, it is your job to understand your company’s digital footprint.
But besides being intimately familiar with your own website, Forbes recommends other sites that can help you better lead your business.
Drinking to economic prosperity
Eighty years after Prohibition was repealed by the federal government in 1933, alcohol has become a multibillion-dollar industry in the U.S.
According to the Distilled Spirits Council of the United States, alcohol is responsible for more than $400 billion in total economic activity, generating nearly $90 billion in wages and providing jobs for nearly 4 million workers.
The sale of alcohol is good for government, as well. Federal, state and local taxes account for 54 percent of the average price of a 750 milliliter bottle of 80-proof distilled spirits, bringing more than $41 million to state and local coffers.