Oracle CEO Larry Ellison, who will be stepping aside from the position at the end of this year, took a salary cut to $67.3 million (R755 million) – significantly less than $78 million (R875 million) he was paid in 2013.<\/p>\n
However, Ellison remains one of the highest paid CEOs in the USA, if not the world.<\/p>\n
According to Salary.com’s CEO data, Charif Souki of Cheniere Energy is the top-paid CEO in the USA, with a total haul of $141.9 million (R1.6 billion)<\/strong> in the company’s latest financial year (2013).<\/p>\n Souki’s package included a $133 million stock award, a $3.68 million cash bonus and a salary of $800,000. Notably however, Cheniere Energy has never posted an annual profit, according to Bloomberg.<\/p>\n Ellison’s $78.4 million pay put him as the third-highest paid CEO in the US in 2013 – though his current pay would sink him two spots to 5th.<\/p>\n This is below the likes of Mario Gabelli of Gamco, who was paid $85 million (R955 million) in the latest financial year (2013), and Tow Ward of Sandridge Energy, who pocketed $71 million (R800 million).<\/p>\n According to research by Mergence Investment Managers, the USA has the biggest pay gap in the world, followed by Hong Kong (2nd), Germany (3rd) and the UK (4th).<\/p>\n South Africa sits with the 5th biggest pay gap in the world, where CEOs get paid on average 140 time more as the average salary their employees – with the gap reaching as high as 725 times.<\/p>\n Compared to their American counterparts, however, South Africa’s top-paid CEOs’ earnings are far more modest.<\/p>\n It must be noted that many of the companies listed below are not solely operating in South Africa, some are dual-listed multinationals, which would impact what the CEOs take home.<\/p>\n SAB Miller chief executive Alan Clark took home GBP6.7 million in the 2014 financial year, which translates to R122 million in the local currency.<\/p>\n Similarly, British American Tobacco, which operates globally, saw its CEO, Nicandro Durante take home R118 million in the last financial year (2013).<\/p>\n Anglo American CEO Mark Cutifani raked in R59.5 million for his role as top executive at the company, as well as a further R25.5 million for his role at AngloGold Ashanti.<\/p>\n More than half of SA workers earn less than R10,000 a month<\/a><\/strong><\/p>\n10 highest paid CEOs in the USA<\/h3>\n
\n\n
\n CEO<\/strong><\/td>\n Company<\/strong><\/td>\n Salary<\/strong><\/td>\n<\/tr>\n \n Charif Souki<\/td>\n Cheniere Energy<\/td>\n $141.9 million<\/td>\n<\/tr>\n \n Mario Gabelli<\/td>\n Gamco Investors<\/td>\n $85 million<\/td>\n<\/tr>\n \n Tom Ward<\/td>\n Sandridge Energy<\/td>\n $71.1 million<\/td>\n<\/tr>\n \n Anthony Petrello<\/td>\n Nabors Industries<\/td>\n $68.2 million<\/td>\n<\/tr>\n \n Larry Ellison<\/td>\n Oracle Corp<\/td>\n $67.3 million<\/td>\n<\/tr>\n \n Leslie Moonves<\/td>\n CBS Corp<\/td>\n $66.9 million<\/td>\n<\/tr>\n \n Nicholas Howley<\/td>\n Transdigm Group<\/td>\n $64.2 million<\/td>\n<\/tr>\n \n Don Mattrick<\/td>\n Zynga Inc<\/td>\n $57.8 million<\/td>\n<\/tr>\n \n Richard Adkerson<\/td>\n Freesport-McMoran<\/td>\n $55.3 million<\/td>\n<\/tr>\n \n John Hammergren<\/td>\n McKesson Corp<\/td>\n $51.7 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n 10 highest paid CEOs in South Africa (JSE)<\/h3>\n
\n\n
\n CEO<\/strong><\/td>\n Company<\/strong><\/td>\n Salary<\/strong><\/td>\n<\/tr>\n \n Alan Clark<\/td>\n SAB Miller<\/td>\n R122 million<\/td>\n<\/tr>\n \n Nicandro Durante<\/td>\n BAT<\/td>\n R118 million<\/td>\n<\/tr>\n \n Andrew Mackenzie<\/td>\n BHP Billiton<\/td>\n R89.8 million<\/td>\n<\/tr>\n \n Julian Roberts<\/td>\n Old Mutual<\/td>\n R87.2 million<\/td>\n<\/tr>\n \n Mark Cutifani<\/td>\n Anglo American<\/td>\n R85 million<\/td>\n<\/tr>\n \n Simon Crutchley<\/td>\n AVI<\/td>\n R63.1 million<\/td>\n<\/tr>\n \n Ian Hawksworth<\/td>\n Capco<\/td>\n R63 million<\/td>\n<\/tr>\n \n DE Constable<\/td>\n Sasol<\/td>\n R53.7 million<\/td>\n<\/tr>\n \n Whitey Basson<\/td>\n Shoprite<\/td>\n R50 million<\/td>\n<\/tr>\n \n Sifiso Dabengwa<\/td>\n MTN<\/td>\n R48 million<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n More on salaries<\/h3>\n
SA salary trends for tech CEOs<\/a><\/strong><\/h3>\n