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THE DAILY ASTORIAN • TUESDAY, MAY 26, 2015
Media CEOs dominate ranks of top-paid execs
By STEVE ROTHWELL
and RYAN NAKASHIMA
AP Business Writers
Top 10 highest-paid CEOs
NEW YORK — They’re
not Hollywood stars, they’re
not TV personalities and they
don’t play in a rock band, but
their pay packages are in the
same league.
Six of the 10 highest-paid
CEOs last year worked in the
media industry, according to a
study carried out by executive
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and The Associated Press.
The best-paid chief execu-
tive of a large American com-
pany was David Zaslav, head of
Discovery Communications, the
pay-TV channel operator that
is home to “Shark Week.” His
total compensation more than
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2014 after he extended his con-
tract.
Les Moonves, of CBS, held
on to second place in the rank-
ings, despite a drop in pay from
a year earlier. His pay package
totaled $54.4 million.
The remaining four CEOs,
from entertainment giants Vi-
acom, Walt Disney, Comcast
and Time Warner, have ranked
among the nation’s highest-paid
executives for at least four years,
DFFRUGLQJWRWKH(TXLODU$3SD\
study.
One reason for the high lev-
el of pay in the industry is that
its CEOs are dealing with well-
paid individuals.
“The talent, the actors and
directors and writers, they’re
being paid a lot of money,” said
The Associated Press
NEW YORK — Here are the 10
highest-paid CEOs for 2014, as
calculated by The Associated
Press and Equilar, an executive
pay data firm:
1. David Zaslav, Discovery Com-
munications, $156.1 million, up
368 percent
2. Leslie Moonves, CBS, $54.4
million, down 17 percent
3. Philippe Dauman, Viacom,
$44.3 million, up 19 percent
4. Robert Iger, Walt Disney,
AP Photo
The Top 10 highest-paid CEOs in 2014, according to a study carried out by executive com-
pensation data firm Equilar and The Associated Press. Top row, from left: David Zaslav,
Discovery Communications; Les Moonves, CBS; Philippe Dauman, Viacom; Robert Iger,
Walt Disney; and Marissa Mayer, Yahoo. Bottom row, from left: Leonard Schleifer, Regen-
eron Pharmaceuticals; Marc Benioff, Salesforce; Jeffrey Leiden, Vertex Pharmaceuticals;
Brian Roberts, Comcast; and Jeffrey Bewkes, Time Warner.
Steven Kaplan, a professor of
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cago Booth School of Business.
“In industries where the talent
makes a lot of money, the CEO
makes a lot of money as well.”
Pay packages for CEOs
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year in 2014, driven by a rising
stock market that pushed up the
value of executive stock awards.
Median compensation for the
heads of Standard & Poor’s
500 companies rose to a record
$10.6 million, up from $10.5
million the year before, accord-
LQJWRWKH(TXLODU$3SD\VWXG\
Peer pressure is another fac-
tor driving up executive com-
pensation. The board members
responsible for setting CEO
pay typically consider what the
heads of similar companies are
making. If pay for one goes up,
it will likely go up for others.
For the chieftains of me-
dia, there are also other factors
boosting pay.
Several work at companies
where a few major shareholders
control the vote.
The media magnate Sumner
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Astoria through Monday.
Temperatures
High ........................................... 64°
Low ............................................ 51°
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Precipitation
Yesterday ................................ 0.03"
Month to date .......................... 1.26"
Normal month to date ............. 2.72"
Year to date ........................... 26.63"
Normal year to date .............. 32.76"
Sunset tonight .................. 8:53 p.m.
Sunrise Wednesday ......... 5:31 a.m.
Moonrise today ................ 1:59 p.m.
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Regional Cities
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80 68 t
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80 65 t
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84 74
t
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85 69 pc
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Tonight's Sky: The moon, Jupiter and venus
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Tomorrow’s Tides
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10:07 p.m. 7.7 ft.
Time
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Low
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r-rain, sf-snow fl urries, sn-snow, i-ice.
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DUII arrest
• At 12:33 a.m. Saturday,
Clatsop County Sheriff’s
Office arrested Joseph Paul
Meipl, 34, Gearhart, for
driving under the influence
of intoxicants at 15th Ave-
nue and Roosevelt Drive in
Seaside.
• At 3:28 p.m. Sunday, Clat-
VRS&RXQW\6KHULII¶V2I¿FHDU
rested Daniel Sue Weyrauch,
0DOWD 0RQW IRU '8,,
at NW 9th Street and NW
Warrenton Drive in Warrenton.
• At 4:55 a.m. Monday,
Clatsop County Sheriff’s Of-
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one mile north of Del Rey
Beach access.
Memorials
Saturday, May 30
HADEEN, Verna B. — Memorial at 2 p.m.,
Hearthstone Assisted Living, 12520 S.W. Hart
Road, Beaverton.
LANDRO, Robert “Bob” — Celebra-
tion of life service at 2 p.m., Beaverton
Nazarene Church, 12555 S.W. 22nd St.,
Beaverton.
May 19, 2015
KNIGHT, David A., 63, of Hammond, died
in Portland. Hughes-Ransom Mortuary in As-
toria is in charge of the arrangements.
May 24, 2015
TOFT, Crystal L., 84, of Astoria, died in
Astoria. Caldwell’s Luce-Layton Mortuary in
Astoria is in charge of the arrangements.
HARRISON, Brian F., 67, of Astoria,
died in Astoria. Caldwell’s Luce-Layton
Mortuary in Astoria is in charge of the ar-
rangements.
ANDERSON, Emil, 88, of Warrenton, died
in Forest Grove. Caldwell’s Luce-Layton Mor-
tuary in Astoria is in charge of the arrange-
ments.
Lotteries
Tomorrow’s National Weather
Wed.
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returned more than $51 billion
to stockholders through share
buybacks and dividends.
Media stocks have climbed
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index of media companies in the
S&P 500 index has risen 193
percent compared with a gain of
95 percent for the broader S&P
500.
Discovery’s stock price has
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started trading as a public com-
pany in September 2008.
Zaslav, who has led Discov-
ery since 2007, saw his compen-
sation rise last year after he ne-
gotiated a new contract that will
keep him at the company until
2019. Last year’s pay package
included $145 million in stock
and options awards, $6 million
in cash bonuses, $3 million in
base salary, and $1.9 million in
perks.
The company has pushed
its channels overseas where
pay TV penetration is grow-
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year, Discovery also grabbed a
controlling stake in Eurosport
International, making a bet on
live sports. The move into Euro-
pean sports has set the stage for
renewed growth overseas.
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job, said Chris Marangi, port-
folio manager at GAMCO In-
vestors Inc., which holds more
than $150 million in Discovery
stock.
Deaths
Under the Sky
Wed.
Hi Lo W
69 41 pc
75 43 s
65 52 s
79 50 s
63 50 pc
75 44 s
85 55 s
58 48 pc
64 52 pc
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der the Dome” — based on the
Stephen King novel — both on
the network and on the Amazon
Prime streaming service. Be-
sides reaching online customers,
the move helped offset produc-
tion costs. The company, whose
shows also include “NCIS” and
“The Good Wife,” has attracted
100,000 customers to “CBS All
Access,” an online subscription
platform that costs $6 a month.
Time Warner, under CEO Jef-
frey Bewkes, launched HBO
Now, which streams shows to
computers, tablets and smart-
phones for $15 a month.
At Disney, CEO Bob Iger
has bolstered revenues through
FDQQ\DFTXLVLWLRQV
The purchase of Marvel in
2009 is reaping dividends with
blockbuster superhero movies.
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pulled in almost $190 million in
its opening weekend, making it
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opening ever. Disney’s purchase
of LucasFilms in 2012 means it
also owns the highly lucrative
“Star Wars” franchise, with the
next installment scheduled for
release in December.
Disney spokesman David
Jefferson said in an email that
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performance,” and cited its re-
cord earnings. He also said that
during Iger’s tenure Disney has
On the record
Thursday
Medford
51/85
Redstone controls almost 80
percent of the voting stock at
CBS and Viacom. Because of
his large holdings, Redstone can
easily override the concerns of
other investors about the level
of CEO pay. Discovery’s voting
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the brothers Si and Donald Ne-
whouse and John Malone, an-
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media industry.
At Comcast, which owns
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CEO and Chairman Brian Rob-
erts controls a third of his com-
pany’s voting stock. That means
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the pay that he is awarded.
Comcast had no comment
when contacted by the AP for
this story.
All of the media executives
have tried, with varying degrees
of success, to maximize the
value of their company’s enter-
tainment brands online and on
mobile devices.
For example, Moonves at
$43.7 million, up 27 percent
5. Marissa Mayer, Yahoo, $42.1
million, up 69 percent
6. Leonard Schleifer, Regen-
eron Pharmaceuticals, $42 mil-
lion, up 16 percent
7. Marc Benioff, Salesforce.com
$39.9 million, up 27 percent
8. Jeffrey Leiden, Vertex Phar-
maceuticals, $36.6 million, up
179 percent
9. Brian Roberts, Comcast, $33
million, up 5 percent
10. Jeffrey Bewkes, Time War-
ner, $32.7 million, unchanged
Online: http://www.equilar.com/
503-861-0929
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tation District Board and
2015-2016 Budget Hearing,
9 a.m., Astoria Transit Center
Conference Room, 900 Ma-
rine Drive.
Cannon Beach Parks and
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Recreational Lands Plan-
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800 Exchange St.
Cannon Beach Emergen-
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Cannon Beach Planning
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Budget Committee, 6:30
p.m., Capt. Robert Gray third-
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ation Board, 6:45 a.m., ARC,
1555 W. Marine Dr.
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City Hall 163 E. Gower St.
Clatsop County Housing
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Guy Boyington Building, 857
Commercial St.
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