Posted: May 27, 2014 1:11 AM
Updated: May 27, 2014 1:11 AM
NEW YORK (AP) Here's a look at the CEOs who received the biggest raises and the biggest pay cuts in 2013 compared with 2012, as calculated by the executive pay research firm Equilar and The Associated Press.
Whose pay rose the most:
1. Rodney Sacks, Monster Beverage, $6.2 million, up 679 percent
2. Stephen Kaufer, TripAdvisor, $39 million, up 510 percent
3. Sandeep Mathrani, General Growth Properties, $22.1 million, up 424 percent
4. Richard Adkerson, Freeport McMoRan Copper & Gold, $55.3 million, up 294 percent
5. Jeffrey Immelt, General Electric, $19.2 million, up 264 percent
Whose pay fell the most:
1. Willard Oberton, Fastenal, $794,761, down 79 percent
2. Warren Buffett, Berkshire Hathaway, $485,606, down 77 percent(asterisk)
3. Michael Duke, Wal-Mart, $5.6 million, down 73 percent
4. John Richels, Devon Energy, $3.7 million, down 71 percent
5. Mark Zuckerberg, Facebook, $653,165, down 67 percent(asterisk)
(asterisk)Both Zuckerberg and Buffett own large parts of their respective companies, and the vast majority of their wealth comes from their ownership stakes, not their salaries as CEOs. Zuckerberg, in particular, elected to take a symbolic $1 salary in 2013, down from $503,205 in 2012. Buffett for many years has had one of the lowest base salaries of the S&P 500 CEOs, at $100,000.