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The average CEO of a Standard & Poor's 500 company made $11.75 million in total compensation in 2005, according to a preliminary analysis by The Corporate Library. And that's just their annual take. At a time when most working families are looking at shrinking retirement nest eggs, many CEOs also have negotiated golden retirements for themselves. Here are the biggest CEO pensions:
The U.S. Securities and Exchange Commission is proposing a new rule to require companies to disclose a dollar estimate of their CEOs retirement benefits. While this rule will not go into effect until 2007, here is a sneak peek of what shareholders should expect.
Company Name CEO Full Name Annual Pension
Pfizer Inc. Henry A. McKinnell $6,518,459
Exxon Mobil Corp. Lee R. Raymond $6,500,000
AT&T Inc. Edward E. Whitacre $5,494,107
UnitedHealth Group Inc. William W. McGuire $5,092,000
IBM Corp. Samuel J. Palmisano $4,000,000
Home Depot Inc. Robert L. Nardelli $3,875,000
Colgate-Palmolive Co. Reuben Mark $3,700,000
Comcast Corp. Brian L. Roberts $3,600,000
Bank of America Corp. Kenneth D. Lewis $3,486,425
Union Pacific Corp. Richard K. Davidson $2,700,000
Exelon Corp. John W. Rowe $2,600,000
ConocoPhilips James J. Mulva $2,600,000
Lockheed Martin Corp. Vance D. Coffman $2,591,856
Robert Half International Inc. Harold M. Messmer $2,555,000
BellSouth Corp. F. Duane Ackerman $2,512,300
Anheuser-Busch Companies Inc. Patrick T. Stokes $2,500,000
Mattel Inc. Robert A. Eckert $2,500,000
Coca-Cola Co. E. Neville Isdell $2,500,000
Prudential Financial Inc. Arthur F. Ryan $2,456,000
FPL Group Inc. Lewis Hay $2,430,134
Eli Lilly and Co. Sidney Taurel $2,300,000
General Electric Co. Jeffrey R. Immelt $2,300,000
Valero Energy Corp. William E. Greehey $2,236,000
Countrywide Financial Corp. Angelo R. Mozilo $2,171,358
PepsiCo, Inc. Steven S. Reinemund $2,170,870
Source: The Corporate Library Your Retirement Security Is at Risk. Not so for These CEOs. |
