Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

How Ethics Should Help Shape Execs’ Pay

Patricia Harned | January 9, 2007

Movie director Steven Spielberg earned $332 million from June 2005 to June 2006; professional golfer Tiger Woods earned $90 million, and actor Johnny Depp earned $29 million. In the business world, Yahoo’s chief executive officer, Terry Semel, received $230 million in total compensation while Berkshire Hathaway boss Warren Buffett received $100,000. Michael Kaiser, president of the nonprofit Kennedy Center for the Performing Arts made just over $1 million in 2005 while the average compensation for other nonprofit executives was $92,411.

Teaching salaries, on the other hand, begin at $42,400 in Fairfax County, Va., and only $25,000 in less populated states. On average, federal air marshals have a starting salary of $36,400 and park rangers start at $20,908.

With such wide variations in salary and earnings and widespread acceptance of high pay for actors and athletes, why has the topic of excessive executive compensation become the subject of...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.