Taking care of business at the C-level is where the money is plentiful. Lawrence J. Ellison, founder and CEO of Oracle, was the highest paid CEO of the year at $96.2 million.
A recent study, which was conducted by Equilar, includes firms with annual revenue of at least $1 billion. One-half of the 200 top paid CEOs made more than $15.1 million in 2012, the New York Times reports. The figures represent a 16% percent year-over-year increase. The results of the study also points out that being second in command at companies this large also has its advantages.
Because the data shows only chief executives’ pay, it does not reveal how good it still is to be a prince. Brian Foley, an independent compensation consultant in White Plains, pointed out that the 2012 compensation of the No. 2 executives at some of these companies would have vaulted them to the top ranks on the CEO roster.