Special Report

The Highest Paid CEOs at America’s 100 Largest Companies

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Already making hundreds of times what most Americans earn in a year, CEOs at top U.S. corporations received a pay raise in 2016. The average executive officer at one of the nation’s 100 largest public companies brought in $16.6 million last year compared to $15.5 million in 2015.

24/7 Wall St. reviewed total compensation packages for CEOs at the 100 largest public U.S. companies by revenue from executive-level data collector Equilar. Charter Communications CEO Thomas Rutledge tops the list, with total annual compensation of $98.0 million. This includes $78 million in stock option grants.

Meanwhile Berkshire Hathaway CEO Warren Buffett remains the lowest paid of the group, with annual compensation of $487,881. Buffett is the only CEO listed with annual compensation under $3 million.

Click here to see the what CEOs are paid at the nation’s 100 largest public companies.

CEOs at large U.S. corporations make decisions that can make or lose a company millions of dollars. Even when changes in a company’s fortunes are not attributed to decisions of the CEO, the CEO is often still held responsible. These high stakes are often used to justify the massive pay packages. And CEOs are watched very closely by shareholders.

Executive compensation does not always track with performance, however. The share price of more than a quarter of the 100 companies on this list declined in 2016. Some of the top performing companies — such as truck manufacturer Paccar whose shares climbed 34.8% in 2016 and electronics design firm Arrow Electronics whose shares jumped 31.6% in 2016 — pay their CEOs relatively little compared with other large U.S. public companies.

Similarly, CEOs at companies with the largest revenues do not necessarily have the largest pay packages. Most notably, the lowest paid CEO, Warren Buffett, is CEO of the largest company on this list. With annual revenue of $223.6 billion, Berkshire Hathaway overtook Apple as the largest company.

To identify the highest and lowest paid CEOs at America’s largest companies, 24/7 Wall St. reviewed total compensation packages for CEOs at the 100 largest public U.S. companies by revenue that filed proxy statements covering 2016 before April 1 from executive-level data collector Equilar. Because Oracle has two CEOs, there are 101 executives listed.

Total compensation is defined as salary, bonus, stock and options valued at grant date, and other compensation as disclosed in the summary compensation table of company proxy statements. This figure excludes pension and deferred compensation values. Annual revenue figures are for fiscal 2016 or the latest available fiscal year and come from financial reports filed with the Securities and Exchange Commission. Share price changes in 2016 (December 31, 2015 – December 30, 2016) were obtained from Google finance.

These are the highest and lowest paid CEOs at America’s top 100 companies.

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1. Warren E. Buffett
> Company: Berkshire Hathaway (BRKA)
> Total compensation: $487,881
> Revenue: $223.6 billion
> 2016 share price chg. +23.4%

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2. Edward S. Lampert
> Company: Sears Holdings (SHLD)
> Total compensation: $3.5 million
> Revenue: $22.1 billion
> 2016 share price chg. -54.8%

Courtesy of US Foods Holding

3. Pietro Satriano
> Company: US Foods Holding (USFD)
> Total compensation: $4.8 million
> Revenue: $22.9 billion
> 2016 share price chg. +10.3%

kellogg.northwestern.edu

4. Bernardo Hees
> Company: Kraft Heinz (KHC)
> Total compensation: $5.3 million
> Revenue: $26.5 billion
> 2016 share price chg. +20.0%

daf.com

5. Ronald E. Armstrong
> Company: Paccar (PCAR)
> Total compensation: $5.3 million
> Revenue: $17.0 billion
> 2016 share price chg. +34.8%

tumblr.com

6. W. Craig Jelinek
> Company: Costco Wholesale (COST)
> Total compensation: $6.4 million
> Revenue: $118.7 billion
> 2016 share price chg. -0.9%

Ted Van Pelt / Wikimedia Commons

7. Roger Penske
> Company: Penske Automotive Group (PAG)
> Total compensation: $6.5 million
> Revenue: $20.1 billion
> 2016 share price chg. +22.4%

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progressive.com

8. Susan P. Griffith
> Company: Progressive (PGR)
> Total compensation: $6.9 million
> Revenue: $23.4 billion
> 2016 share price chg. +11.6%

LinkedIn

9. Richard P. Hamada
> Company: Avnet (AVT)
> Total compensation: $6.9 million
> Revenue: $26.2 billion
> 2016 share price chg. +11.1%

corporate.kohls.com

10. Kevin Mansell
> Company: Kohls (KSS)
> Total compensation: $8.4 million
> Revenue: $18.7 billion
> 2016 share price chg. +3.7%

Courtesy of Arrow Electronics

11. Michael J. Long
> Company: Arrow Electronics (ARW)
> Total compensation: $8.4 million
> Revenue: $23.8 billion
> 2016 share price chg. +31.6%

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World Economic Forum / Flickr

12. David T. Seaton
> Company: Fluor (FLR)
> Total compensation: $8.7 million
> Revenue: $19.0 billion
> 2016 share price chg. +11.2%

https://www.flickr.com/photos/iphonedigital/

13. Tim Cook
> Company: Apple (AAPL)
> Total compensation: $8.7 million
> Revenue: $215.6 billion
> 2016 share price chg. +10.0%

https://www.flickr.com/photos/scobleizer/

14. Kendall J. Powell
> Company: General Mills (GIS)
> Total compensation: $8.9 million
> Revenue: $16.6 billion
> 2016 share price chg. +7.1%

http://newscenter.nmsu.edu/

15. Dr. J. Mario Molina
> Company: Molina Healthcare (MOH)
> Total compensation: $9.9 million
> Revenue: $17.8 billion
> 2016 share price chg. -9.8%

up.com

16. Lance M. Fritz
> Company: Union Pacific (UNP)
> Total compensation: $10.0 million
> Revenue: $19.9 billion
> 2016 share price chg. +32.6%

Courtesy of AmerisourceBergen

17. Steven H. Collis
> Company: AmerisourceBergen (ABC)
> Total compensation: $10.0 million
> Revenue: $146.9 billion
> 2016 share price chg. -24.6%

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Wikimedia Commons

18. Stefano Pessina
> Company: Walgreens Boots Alliance (WBA)
> Total compensation: $10.1 million
> Revenue: $117.4 billion
> 2016 share price chg. -2.8%

tenethealth.com

19. Trevor Fetter
> Company: Tenet Healthcare (THC)
> Total compensation: $10.1 million
> Revenue: $19.6 billion
> 2016 share price chg. -51.0%

YouTube

20. Norman T. Linebarger
> Company: Cummins (CMI)
> Total compensation: $10.2 million
> Revenue: $17.5 billion
> 2016 share price chg. +55.3%

YouTube

21. Donnie Smith
> Company: Tyson Foods (TSN)
> Total compensation: $10.2 million
> Revenue: $36.9 billion
> 2016 share price chg. +15.7%

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delphi.com

22. Kevin P. Clark
> Company: Delphi Automotive (DLPH)
> Total compensation: $10.4 million
> Revenue: $16.7 billion
> 2016 share price chg. -21.4%

jabil.com

23. Mark T. Mondello
> Company: Jabil Circuit (JBL)
> Total compensation: $10.5 million
> Revenue: $18.4 billion
> 2016 share price chg. +1.6%

manpowergroup.com

24. Jonas Prising
> Company: ManpowerGroup (MAN)
> Total compensation: $11.0 million
> Revenue: $19.7 billion
> 2016 share price chg. +5.4%

qualcomm.com

25. Steve Mollenkopf
> Company: Qualcomm (QCOM)
> Total compensation: $11.1 million
> Revenue: $23.6 billion
> 2016 share price chg. +30.4%

AutoNation Inc Mike Jackson Chairman of the Board / Wikimedia Commons

26. Mike Jackson
> Company: AutoNation (AN)
> Total compensation: $11.1 million
> Revenue: $21.6 billion
> 2016 share price chg. -18.5%

http://investor.travelers.com/

27. Alan D. Schnitzer
> Company: Travelers Companies (TRV)
> Total compensation: $11.3 million
> Revenue: $27.6 billion
> 2016 share price chg. +8.5%

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eaton.com

28. Craig Arnold
> Company: Eaton (ETN)
> Total compensation: $11.7 million
> Revenue: $19.7 billion
> 2016 share price chg. +28.9%

pressroom.ups.com

29. David P. Abney
> Company: United Parcel Service (UPS)
> Total compensation: $11.7 million
> Revenue: $60.9 billion
> 2016 share price chg. +19.1%

hcatodayblog.com

30. R. Milton Johnson
> Company: HCA Holdings (HCA)
> Total compensation: $11.8 million
> Revenue: $41.5 billion
> 2016 share price chg. +9.4%

Jviper6000 / Wikimedia Commons

31. Terry J. Lundgren
> Company: Macy’s (M)
> Total compensation: $12.1 million
> Revenue: $25.8 billion
> 2016 share price chg. +2.4%

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Courtesy of Humana

32. Bruce D. Broussard
> Company: Humana (HUM)
> Total compensation: $12.2 million
> Revenue: $54.4 billion
> 2016 share price chg. +14.3%

wellsfargo.com

33. Timothy J. Sloan
> Company: Wells Fargo (WFC)
> Total compensation: $12.8 million
> Revenue: $84.5 billion
> 2016 share price chg. +1.4%

danaher.com

34. Thomas P. Joyce
> Company: Danaher (DHR)
> Total compensation: $13.0 million
> Revenue: $16.9 billion
> 2016 share price chg. -16.2%

Wikimedia Commons

35. William J. Delaney
> Company: Sysco (SYY)
> Total compensation: $13.0 million
> Revenue: $50.4 billion
> 2016 share price chg. +35.0%

usbank.com

36. Richard K. Davis
> Company: U.S. Bancorp (USB)
> Total compensation: $13.0 million
> Revenue: $19.4 billion
> 2016 share price chg. +20.4%

citigroup.com

37. Michael L. Corbat
> Company: Citigroup (C)
> Total compensation: $13.4 million
> Revenue: $63.1 billion
> 2016 share price chg. +14.8%

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Courtesy of Exelon

38. Christopher M. Crane
> Company: Exelon (EXC)
> Total compensation: $13.4 million
> Revenue: $31.4 billion
> 2016 share price chg. +27.8%

utc.com

39. Gregory J. Hayes
> Company: United Technologies (UTX)
> Total compensation: $13.4 million
> Revenue: $57.2 billion
> 2016 share price chg. +14.1%

duke-energy.com

40. Lynn J. Good
> Company: Duke Energy (DUK)
> Total compensation: $13.5 million
> Revenue: $22.7 billion
> 2016 share price chg. +8.7%

tsocorp.com

41. Gregory J. Goff
> Company: Tesoro (TSO)
> Total compensation: $13.5 million
> Revenue: $24.6 billion
> 2016 share price chg. -17.0%

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cardinalhealth.com

42. George S. Barrett
> Company: Cardinal Health (CAH)
> Total compensation: $13.7 million
> Revenue: $121.5 billion
> 2016 share price chg. -19.4%

kimberly-clark.com

43. Thomas J. Falk
> Company: Kimberly-Clark (KMB)
> Total compensation: $13.8 million
> Revenue: $18.2 billion
> 2016 share price chg. -10.4%

whirlpoolcorp.com

44. Jeff M. Fettig
> Company: Whirlpool (WHR)
> Total compensation: $13.9 million
> Revenue: $20.7 billion
> 2016 share price chg. +23.8%

gilead.com

45. John F. Milligan
> Company: Gilead Sciences (GILD)
> Total compensation: $13.9 million
> Revenue: $30.4 billion
> 2016 share price chg. -29.2%

adm.com

46. Juan R. Luciano
> Company: Archer Daniels Midland (ADM)
> Total compensation: $14.0 million
> Revenue: $62.3 billion
> 2016 share price chg. +24.5%

boeing.com

47. Dennis A. Muilenburg
> Company: Boeing (BA)
> Total compensation: $14.1 million
> Revenue: $94.6 billion
> 2016 share price chg. +7.7%

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48. David S. Taylor
> Company: Procter & Gamble (PG)
> Total compensation: $14.4 million
> Revenue: $65.3 billion
> 2016 share price chg. +5.9%

lear.com

49. Matthew J. Simoncini
> Company: Lear (LEA)
> Total compensation: $14.4 million
> Revenue: $18.6 billion
> 2016 share price chg. +7.8%

Courtesy of Express Scripts Holding

50. Timothy Wentworth
> Company: Express Scripts Holding (ESRX)
> Total compensation: $14.5 million
> Revenue: $100.3 billion
> 2016 share price chg. -21.3%

Wikimedia Commons

51. Michael S. Burke
> Company: AECOM (ACM)
> Total compensation: $15.1 million
> Revenue: $17.4 billion
> 2016 share price chg. +21.1%

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Courtesy of Valero

52. Joseph W. Gorder
> Company: Valero Energy (VLO)
> Total compensation: $15.1 million
> Revenue: $75.7 billion
> 2016 share price chg. -3.4%

cigna.com

53. David M. Cordani
> Company: Cigna (CI)
> Total compensation: $15.2 million
> Revenue: $39.7 billion
> 2016 share price chg. -8.8%

https://www.flickr.com/photos/124024145@N04/

54. John C. Lechleiter
> Company: Eli Lilly (LLY)
> Total compensation: $15.2 million
> Revenue: $21.2 billion
> 2016 share price chg. -12.7%

3m.com

55. Inge G. Thulin
> Company: 3M (MMM)
> Total compensation: $15.4 million
> Revenue: $30.1 billion
> 2016 share price chg. +18.5%

https://www.flickr.com/photos/financialtimes/

56. Brian T. Moynihan
> Company: Bank Of America (BAC)
> Total compensation: $15.4 million
> Revenue: $80.1 billion
> 2016 share price chg. +31.3%

marathonpetroleum.com

57. Gary R. Heminger
> Company: Marathon Petroleum (MPC)
> Total compensation: $15.5 million
> Revenue: $63.4 billion
> 2016 share price chg. -2.9%

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whirlpoolcorp.com

58. Samuel R. Allen
> Company: Deere (DE)
> Total compensation: $15.6 million
> Revenue: $26.6 billion
> 2016 share price chg. +35.1%

World Economic Forum / Wikimedia Commons

59. Irene B. Rosenfeld
> Company: Mondelez International (MDLZ)
> Total compensation: $15.8 million
> Revenue: $25.9 billion
> 2016 share price chg. -1.1%

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60. Muhtar Kent
> Company: Coca-Cola (KO)
> Total compensation: $16.0 million
> Revenue: $41.9 billion
> 2016 share price chg. -3.5%

Courtesy of Cisco Systems

61. Charles H. Robbins
> Company: Cisco Systems (CSCO)
> Total compensation: $16.0 million
> Revenue: $49.2 billion
> 2016 share price chg. +11.3%

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pmi.com

62. Andre Calantzopoulos
> Company: Philip Morris International (PM)
> Total compensation: $16.3 million
> Revenue: $75.0 billion
> 2016 share price chg. +4.1%

abbott.com

63. Miles D. White
> Company: Abbott Laboratories (ABT)
> Total compensation: $16.4 million
> Revenue: $20.9 billion
> 2016 share price chg. -14.5%

antheminc.com

64. Joseph R. Swedish
> Company: Anthem (ANTM)
> Total compensation: $16.5 million
> Revenue: $84.9 billion
> 2016 share price chg. +3.1%

fedex.com

65. Frederick W. Smith
> Company: FedEx (FDX)
> Total compensation: $16.8 million
> Revenue: $50.4 billion
> 2016 share price chg. +25.0%

northropgrumman.com

66. Wesley G. Bush
> Company: Northrop Grumman (NOC)
> Total compensation: $16.8 million
> Revenue: $24.5 billion
> 2016 share price chg. +23.2%

Wikimedia Commons

67. Paal Kibsgaard
> Company: Schlumberger (SLB)
> Total compensation: $16.8 million
> Revenue: $27.8 billion
> 2016 share price chg. +20.4%

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68. Richard D. Fairbank
> Company: Capital One Financial (COF)
> Total compensation: $16.9 million
> Revenue: $19.0 billion
> 2016 share price chg. +20.9%

news.bms.com

69. Giovanni Caforio
> Company: Bristol-Myers Squibb (BMY)
> Total compensation: $16.9 million
> Revenue: $19.4 billion
> 2016 share price chg. -15.0%

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70. Kenneth I. Chenault
> Company: American Express (AXP)
> Total compensation: $16.9 million
> Revenue: $29.9 billion
> 2016 share price chg. +6.5%

pfizer.com

71. Ian C. Read
> Company: Pfizer (PFE)
> Total compensation: $17.0 million
> Revenue: $52.8 billion
> 2016 share price chg. +0.6%

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72. Greg C. Garland
> Company: Phillips 66 (PSX)
> Total compensation: $17.2 million
> Revenue: $85.8 billion
> 2016 share price chg. +5.6%

verizon.com

73. Lowell C. McAdam
> Company: Verizon Communications (VZ)
> Total compensation: $17.4 million
> Revenue: $126.0 billion
> 2016 share price chg. +15.5%

news.prudential.com

74. John R. Strangfeld
> Company: Prudential Financial (PRU)
> Total compensation: $17.6 million
> Revenue: $58.8 billion
> 2016 share price chg. +27.8%

honeywell.com

75. David M. Cote
> Company: Honeywell International (HON)
> Total compensation: $17.6 million
> Revenue: $39.3 billion
> 2016 share price chg. +11.9%

OFFICIAL LEWEB PHOTOS / Wikimedia Commons

76. Satya Nadella
> Company: Microsoft (MSFT)
> Total compensation: $17.7 million
> Revenue: $85.3 billion
> 2016 share price chg. +12.0%

vbprofiles.com

77. Richard A. Gonzalez
> Company: AbbVie (ABBV)
> Total compensation: $17.7 million
> Revenue: $25.6 billion
> 2016 share price chg. +5.7%

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78. Jeffrey R. Immelt
> Company: General Electric (GE)
> Total compensation: $17.7 million
> Revenue: $123.7 billion
> 2016 share price chg. +1.4%

cvshealth.com

79. Larry J. Merlo
> Company: CVS Health (CVS)
> Total compensation: $18.4 million
> Revenue: $177.5 billion
> 2016 share price chg. -19.3%

accenture.com

80. Pierre Nanterme
> Company: Accenture (ACN)
> Total compensation: $18.5 million
> Revenue: $34.8 billion
> 2016 share price chg. +12.1%

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81. Mark Fields
> Company: Ford Motor (F)
> Total compensation: $19.3 million
> Revenue: $151.8 billion
> 2016 share price chg. -13.9%

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82. Andrew Liveris
> Company: Dow Chemical (DOW)
> Total compensation: $19.4 million
> Revenue: $48.2 billion
> 2016 share price chg. +11.1%

lockheedmartin.com

83. Marillyn A. Hewson
> Company: Lockheed Martin (LMT)
> Total compensation: $19.4 million
> Revenue: $47.2 billion
> 2016 share price chg. +15.1%

Financial Times photos / Wikimedia Commons

84. Lloyd C. Blankfein
> Company: Goldman Sachs Group (GS)
> Total compensation: $20.2 million
> Revenue: $30.6 billion
> 2016 share price chg. +32.9%

investors.aflac.com

85. Daniel P. Amos
> Company: Aflac (AFL)
> Total compensation: $20.4 million
> Revenue: $22.6 billion
> 2016 share price chg. +16.2%

NRKbeta / Wikimedia Commons

86. James R. Murdoch
> Company: Twenty-First Century Fox (FOXA)
> Total compensation: $20.8 million
> Revenue: $27.3 billion
> 2016 share price chg. +3.2%

pinterest.com

87. Phebe N. Novakovic
> Company: General Dynamics (GD)
> Total compensation: $21.2 million
> Revenue: $31.4 billion
> 2016 share price chg. +25.7%

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88. Alex Gorsky
> Company: Johnson & Johnson (JNJ)
> Total compensation: $21.2 million
> Revenue: $71.9 billion
> 2016 share price chg. +12.2%

https://www.flickr.com/photos/sillygwailo/

89. Howard Schultz
> Company: Starbucks (SBUX)
> Total compensation: $21.8 million
> Revenue: $21.3 billion
> 2016 share price chg. -7.5%

Centene

90. Michael F. Neidorff
> Company: Centene (CNC)
> Total compensation: $22.0 million
> Revenue: $40.6 billion
> 2016 share price chg. -14.1%

Robert Scoble / Wikimedia Commons

91. Randall L. Stephenson
> Company: AT&T (T)
> Total compensation: $25.0 million
> Revenue: $163.8 billion
> 2016 share price chg. +23.6%

World Economic Forum / Wikimedia Commons

92. Indra K. Nooyi
> Company: Pepsico (PEP)
> Total compensation: $25.2 million
> Revenue: $62.8 billion
> 2016 share price chg. +4.7%

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93. Dion J. Weisler
> Company: HP (HPQ)
> Total compensation: $28.2 million
> Revenue: $48.2 billion
> 2016 share price chg. +25.3%

Asa Mathat / Fortune Live Media / Wikimedia Commons

94. Virginia M. Rometty
> Company: International Business Machines (IBM)
> Total compensation: $32.3 million
> Revenue: $79.9 billion
> 2016 share price chg. +20.6%

Anna C Timms, on behalf of Johnson Controls / Wikimedia Commons

95. Alex A. Molinaroli
> Company: Johnson Controls International (JCI)
> Total compensation: $32.6 million
> Revenue: $37.7 billion
> 2016 share price chg. +23.4%

Max Morse / Wikimedia Commons

96. Margaret C. Whitman
> Company: Hewlett Packard Enterprise (HPE)
> Total compensation: $32.9 million
> Revenue: $50.1 billion
> 2016 share price chg. +52.2%

https://www.flickr.com/photos/oracle_images/

97. Safra A. Catz
> Company: Oracle (ORCL)
> Total compensation: $40.9 million
> Revenue: $37.0 billion
> 2016 share price chg. +5.3%

Angela George / Wikimedia Commons

98. Robert A. Iger
> Company: Walt Disney (DIS)
> Total compensation: $41.0 million
> Revenue: $55.6 billion
> 2016 share price chg. -0.8%

Oracle PR from Redwood Shores, Calif., USA / Wikimedia Commons

99. Mark V. Hurd
> Company: Oracle (ORCL)
> Total compensation: $41.1 million
> Revenue: $37.0 billion
> 2016 share price chg. +5.3%

about.nike.com

100. Mark G. Parker
> Company: Nike (NKE)
> Total compensation: $47.6 million
> Revenue: $32.4 billion
> 2016 share price chg. -18.7%

newsroom.charter.com

101. Thomas M. Rutledge
> Company: Charter Communications (CHTR)
> Total compensation: $98.0 million
> Revenue: $29.0 billion
> 2016 share price chg. N/A

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