Study: Illinois ranks 6th in top exec pay
Wednesday, Sep 12, 2012 - Posted by Rich Miller
* The folks at NerdWallet.com sent over a chart the other day. First, an explanation…
We collected the 2011 compensation for the top-paid executives at every S&P500 company. The following table lists each state that contains at least five S&P500 companies according to the average compensation of their top-paid executives
* According to NerdWallet, Illinois ranks sixth in the nation…
* More…
Amongst CEOs of S&P500 companies in Illinois, the average total pay for 2011 was $13.3 million.
* More…
* Chicago is the city with the greatest number of S&P500 companies [in Illinois]; they are currently home to 9. The company with the highest pre-tax income last year was Boeing with $5.4 billion.
* Oak Brook is home to the company with the highest income for 2011, McDonald’s. The fast food corporation took in $8 billion in pre-tax income last year.
* Motorola Solutions’ CEO, Gregory Brown, had the highest compensation in 2011 of any Illinois chief executive with $29 million.
* Methodology…
All data was collected using the 2011 SEC filings of Illinois corporations that are currently included in the S&P500 index.
Thoughts?
- 47th Ward - Wednesday, Sep 12, 12 @ 11:39 am:
I gotta get me one of them CEO jobs.
- Shore - Wednesday, Sep 12, 12 @ 11:44 am:
when the ricketts family asks again for taxpayer money are we going to debate what they pay starlin castro?
- langhorne - Wednesday, Sep 12, 12 @ 11:49 am:
indiana? i mean, indiana? maybe they have fewer, but they are biggies.
- wordslinger - Wednesday, Sep 12, 12 @ 11:50 am:
–* Chicago is the city with the greatest number of S&P500 companies; they are currently home to 9.–
I’m not sure how they arrived at that conclusion. A quick gander on the wiki shows at least 30 in NYC.
http://en.wikipedia.org/wiki/List_of_S%26P_500_companies
- Rich Miller - Wednesday, Sep 12, 12 @ 11:51 am:
wordslinger, they were referring to Illinois. I’ll clarify above.
- ANON - Wednesday, Sep 12, 12 @ 11:52 am:
Wordslinger, Chicago has the most in Illinois.
- wordslinger - Wednesday, Sep 12, 12 @ 11:57 am:
My bad, thanks.
- Crime Fighter - Wednesday, Sep 12, 12 @ 12:11 pm:
Are these the same people that are angry at public employees for the “tough economic times”?
- Siriusly - Wednesday, Sep 12, 12 @ 12:12 pm:
langhorne hit the nail for me - that chart ranks states by their averages - very misleading because Indiana probably has very few total - so the guys from Eli Lilly and Simon Malls probably pull down $34 M - but there should be a minimum number on the average - I’d like to see cumulative totals - I bet Illinois would be very high
- Stuff happens - Wednesday, Sep 12, 12 @ 12:15 pm:
What’s interesting to me is that only two out of the top ten are states are expected to vote for Republicans at the presidential level. The same holds true for senate races, with the exception of VA which shows a dead heat between Kaine and Allen in the last poll (Rasumussen, unfortunately).
- Will - Wednesday, Sep 12, 12 @ 12:34 pm:
Many of these are big-government, high-tax states. It would appear that the Chamber of Commerce and the anti-tax cult are incorrect about the tax rate driving wealthy people out of Illinois. If they’re correct then Chicago should have no millionaires.
People are willing to pay higher taxes to live in a city that offers a higher quality of life. Of course, tax spending is party of what creates that better quality of life.
- overcooked - Wednesday, Sep 12, 12 @ 12:37 pm:
Or maybe they are willing to live in a high tax, great quality of life city because they have their hq here
- Bemused - Wednesday, Sep 12, 12 @ 12:45 pm:
If you did not start a company and build it up you are an employee. I believe said employees are entitled to just compensation but come on! 1 million plus a month is just for the employee at the top yet the slob on the factory floor is overpaid at $30.00 per hour?
You see a lot of threads on here about the State pension issues, tax the corporate boys at a rate near what they paid in the fiftys and you might could clean that mess up. Now before someone gets their panties in a wad I do know that will be not be happening soon. About the only possible way it could happen is if you tax at the national level and some how get it back to the states. Otherwise they will hop from state to state making suckers of the citizens. Yes I know it will not happen.
- zatoichi - Wednesday, Sep 12, 12 @ 1:21 pm:
I do not recall any of those jobs in the local want ads. Man, get a job like that for 1 year even at 2.5% CD you can pull in $150,000. Goodbye work. And they are complaining about taxes. Please.
- Dan Johnson - Wednesday, Sep 12, 12 @ 1:47 pm:
They can afford to pay a higher marginal income tax rate so that we don’t shut down homes for the developmentally disabled (among many other consequences of under-funding state government).
- VanillaMan - Wednesday, Sep 12, 12 @ 1:52 pm:
Meaningless drivel
- RMD - Wednesday, Sep 12, 12 @ 2:41 pm:
Rich, did they do that survey, maybe three or four years ago, so you would have a base to compare and measure change?
- wordslinger - Wednesday, Sep 12, 12 @ 2:57 pm:
–Man, get a job like that for 1 year even at 2.5% CD you can pull in $150,000. –
You have a better chance landing one of those jobs than you do finding a 2.5% CD.
- Demoralized - Wednesday, Sep 12, 12 @ 3:08 pm:
And these are the same individuals at the Civic Federation ragging trying to take away state employee pensions. They are pathetic.
@VMan:
It’s only irrelevant drivel to those who don’t recognize the irony in what I just said above. Speaking of pathetic . . .
- Team Sleep - Wednesday, Sep 12, 12 @ 3:13 pm:
Indiana is also home to Conseco Insurance, which is a huge firm that makes quite a bit on profits.
- Liberty First - Wednesday, Sep 12, 12 @ 4:01 pm:
I’m with demoralized…. what is it with the war on workers? We need a special CEO tax.
- Anonymous - Wednesday, Sep 12, 12 @ 8:04 pm:
Mark Kirk made CREW’s most corrupt list and they’re claiming that the FEC investigation is still pending. Interesting details, including expensing out “dental work.”
Can CEO’s do that?
- Jerry 101 - Wednesday, Sep 12, 12 @ 9:20 pm:
Motorola’s ceo pulled down nearly $30 million? In a year? And some people think teachers are overpaid? A teacher would have to work something like 400 years to make as much as that loser made in a year.