Tech is paying off, at least when it comes to compensation for chief executives.
The billionaire founder of Oracle Corp., Larry Ellison, once again ranked among the highest-paid chief executive officers in the U.S. last year, with total compensation valued at $68.6 million, according to a study of proxy statements conducted by consultancy Hay Group for The Wall Street Journal.
Ellison was No. 2 on the overall list, with Viacom chief Philippe P. Dauman ranking as highest paid with total comp of $84.3 million. Both execs benefited from stock option grants and one-time equity awards. Ellison's actual salary was $250,000 while Dauman earned a salary of $2.6 million.
Other tech execs among the top 40 include IBM's Samuel J. Palmisano, who came in 14th with total comp of $24.1 million, David M. Cote of Honeywell with $24 million at No. 15 and Cisco's John T. Chambers, with $18.9 million, who was No. 32 on the overall list.
United Technologies CEO Louis Chenevert earned $17.8 million, ranking him No. 39.
For the full list of all 350 companies and CEOs, please see The Wall Street Journal.
