The head of the BBC is paid £400k a year. That’s $600k. And obviously no share options. Yet the Daily Mail keep going on about him and the rest of the BBC execs being overpaid. Very surprising non of these people have banking in their background.
According to Daily Mail:
“Les Moonves, of CBS, held on to second place in the rankings, despite a drop in pay from a year earlier.
His pay package totaled $54.4 million.The remaining four CEOs, from entertainment giants Viacom, Walt Disney, Comcast and Time Warner, have ranked among the nation’s highest-paid executives for at least four years, according to the Equilar/AP pay study.
One reason for the high level 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 Steven Kaplan, a professor of finance at the University of Chicago Booth School of Business. ‘In industries where the talent makes a lot of money, the CEO makes a lot of money as well.’