Executive Fat Cats Earn 389 Times US Average

05 December 2006

LOS ANGELES: While the average American last year earned all of $37,000 (€27,786; £18,693), the average company ceo took home $14.4 million - 389 times more. And in terms of year-on-year increases, the average Joe was 1.7% better off than in 2004; the average ceo 51%.

Advertising Age's annual review of executive remuneration in 2005, published Monday, presents some interesting contrasts in the take-home pay of the globe's marketing and media elite.

At one end of the scale Barry Diller, chairman/ceo of IAC/InterActiveCorp, staggered home with a package worth $295m from IAC - plus another $175m from spinoff Expedia. Most of the moolah came from cashing in old stock options.

At the Medicare end of the calibration was Apple Computer ceo Steve Jobs who made just one dollar in 2005. But Good Samaritans should refrain from writing Jobs a check - restricted shares from an earlier grant will keep him off welfare for the next century or two. These were worth $532m.

Adland's Michael Roth and Sir Martin Sorrell didn't fare too badly either. For full details of the top 25 paychecks, click here.

Data sourced from AdAge (USA); additional content by WARC staff