Chennai: CEOs of any organization are known to be top earners. But it is not just their annual salary that runs into millions; they also earn interesting and handsome perks sometimes envied by others. Their perks are varied and interesting. They range from a luxurious Las Vegas villa, personal use of company aircraft to monetary incentives that run into millions of dollars in pension and personal security.
Read on to know more about these CEOs and their perks as listed by Rediff.
1. $6 million in pension - John Watson
John Watson has been Chairman and CEO of Chevron Corporation since January 1, 2010 to present. He is associated with Chevron since 1980. He first served as Chief Financial Officer from 2001-2005. From 2009 to 2010, he was Vice-Chairman of the Board. His total compensation for 2012 has been $32.2 million.
Chevron Corporation is an American multinational energy corporation. It features in the world's top Fortune 500 companies. After many acquisitions and mergers, the name Chevron, came into existence in 1930. It is headquartered in San Ramon, California, United States.
2. $1.53 million for personal security – Larry Ellison
Larry Ellison is best known as the co-founder as well as chief executive officer of Oracle Corporation. During the 1970s, Ellison started working on projects that included creation of a database for the CIA (Central Intelligence Agency), which he named ‘Oracle’ and rest as they say is history. Ellison collects houses on Malibu's Carbon Beach and also owns 98% of Hawaii's Lanai Island. In his quest for youth, he has donated $445 million to his medical foundation to support research on aging and age-related diseases. His total compensation in 2013 has been $77 million.
Oracle was christened ‘Oracle Systems Corporation’ in 1979 and released its flagship product, the Oracle database. It is headquartered in California, United States. It specializes in developing and marketing computer hardware and enterprise software products, and applications such as enterprise resource planning (ERP), Customer Relationship Management (CRM), Supply Chain Management (SCM) and others.
3. $451,574 for lease of a Las Vegas villa – Stephen Wynn
Stephen Wynn is an American business magnate. Wynn turned his family’s bingo business into a successful venture. His first major strip casino was The Mirage which opened in 1989. Wynn took over Wynn resort in 2002. He is the Chairman of the board and the CEO of Wynn Resorts Limited. His total compensation in 2012 has been $17.7 million.
Wynn Resorts Limited is a publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was formed on October 25, 2002, by Stephen Wynn.
4. $222,000 for tax assistance – Robert Stevens
Robert Steven is serving as the Executive Chairman and CEO of Lockheed Martin. He earned his Master’s degree in engineering and management from the Polytechnic University of New York. He also served in the U.S Marine corps. On December 14, 2012, he was awarded with the Wright Brothers Memorial Trophy for his contribution to the Aerospace industry. His total compensation in 2012 has been $27.5 million.
Lockheed Martin is a global security and aerospace company. It is mainly engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
5. $164,353 for personal use of company aircraft – David Zaslav
David Zaslav is the President and CEO of Discovery communications. He has been a CEO since January 2007 till present. He was previously employed with NBC Universal. He graduated from Boston University School of Law in 1985 and started his career as an attorney with LeBoeuf, Lamb, Lieby and MacRae in New York. His total compensation in 2012 has been $50 million.
Discovery communications is the world’s no. 1 notification media. It has more than 190 worldwide television networks some of which are Discovery Channel, TLC, Animal Planet, Science and Investigation Discovery and others.
6. $100,000 in life insurance premiums and disability premiums – James Crowe Larry
James Crowe served as a CEO of Level 3 Communications from August 1997 till April 2013. He served as the President at Level 3 Communications Inc. from March 14, 2008 to December 8, 2008. His other stints have been at Metropolitan Fiber systems, MFS Communication Company, and others. His total compensation in 2012 has been $40 million.
Level 3 Communications is an American multinational, telecommunications and internet service provider company headquartered in Broomfield, Colorado. The company provides core transport, IP, voice, video, and content delivery for most of the medium to large Internet carriers in North America, Latin America, Europe, and selected cities in Asia.
7. $98,000 in financial and tax planning – Andrew Liveris
Andrew Liveris is President, Chairman and Chief Executive Officer of The Dow Chemical Company. Liveris has been a member of Dow's Board of Directors since February 2004. He holds a Bachelor’s degree (first-class-honors) in Chemical Engineering from the University of Queensland. His total compensation in 2012 has been $23 million.
The Dow Chemical Co., commonly referred to as Dow, is an American multinational chemical corporation headquartered in Midland, Michigan, United States. Dow manufactures plastics, chemicals, and agricultural products.
8. $65,000 in legal fees – Glenn Murphy
Glenn Murphy has been the Chairman and Chief Executive Officer of The Gap, Inc. since July 26, 2007. With more than 20 years of retail experience, he has successfully led diverse retail businesses and brands in the areas of food, health, beauty, and books. He holds a BA degree from the University of Western Ontario. His total compensation in 2012 has been $23 million.
Gap, commonly known as Gap Inc. or The Gap, is an American multinational clothing and accessories retailer. It is currently headquartered in San Francisco, California. The Gap originally targeted the younger generation when it opened, with its name referring to the generation gap of the time.
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