This is going to seem like deja vu all over again for regular DHD readers. But Michael Nathanson, the senior analyst for Sanford C Bernstein & Co, has released his 2nd annual CEO/CFO compensation review in the media business. And in the 21-page report summarized by Broadcasting & Cable, he’s criticizing their outsized pay just like I have been. “News Corp’s recent hiring of Chase Carey as President/Chief Operating Officer was re-affirmation of the fact that media executives, to borrow F. Scott Fitzgerald’s famous quip, are ‘different from you and me,'” he wrote. “Given the relatively poor one-, three- or five-year performances of most of these stocks, the rich compensation packages look even more extraordinary… While the equity shareholders felt the pain of value destruction, did the media conglomerate executives?” Nah! Here’s the Hall Of Shame:
CBS CEO Leslie Moonves, who was paid $31.9 million last year.
Disney CEO Robert Iger, who earned $30.6 million
News Corp #2 Chase Carey, who could haul in $43.1 million over the next year.
News Corp.’s Rupert Murdoch, who took home $27.5 million
Viacom’s Philippe Dauman, who was paid $23 million.
Time Warner CEO Jeff Bewkes, who made $19.9 million.