CEO Salaries

[frisco anconia]

Curious lang talaga, would you guys have any idea how much CEOs (or country managers) of big companies like Ayala, Meralco, P&G, GLOBE, etc. receive monthly?

[SILENTMAX]

hindi nga lang local

apple
steve jobs $1

[eboy73]

According to Asiaweek, in 2000 it was approx. $5,600/month. That's just for CEO's in general. They didn't break it down according to multinational, small, med. or large

[KuyaDanny]

How about speculating/guesstimating?

According to SEC Form17-IS filed by Jollibee Foods Corporation, the top 6 officers will receive a total of P34,441,560 in salaries for the year 2003. This group consists of the CEO, the EVP, and four vice presidents.

Let's assume the vice presidents make more or less the same, the EVP makes 1.5x a vice president's salary, and the CEO makes twice the EVP's salary.

Now, do the math. (4*x) + 1.5x + 2*1.5x = 34,441,560

or

8.5x = 34,441,560

x= 4,051,948.24

Each VP will make P4,051,948.24;
The EVP will make P6,077,922.35; and
The CEO will make P12,155,844.71 or P935,064.97 a month assuming a 13-month year.

This is guesstimating, as I've said, but it is a worthwhile exercise. Does anyone want to do this for other public companies?

[marlo_kalbo]

I know of a CEO who has a mnthly salary of not less than 150k/month. :)

-marlo

[SILENTMAX]

lance gokongwei 100,000 annual

[KuyaDanny]

I would like to add that these same six officers will be awarded an estimated bonus of P10,776,000 for 2003. If we distribute this using the same formula, we get:

VP - P1,267,764.70 each
EVP - P1,901,647.06
CEO - P3,803,294.12

[Kaboom!]

Just wondering, since it's safe to say that this kind of salary is as high as it gets in the country, how much of it goes to the government?

Peace.

[KuyaDanny]

According to the tax laws, approximately 32%.

[CollegeKid]

grabe!!! ang lalaki naman yang mga yan.. Sana CEO din ako

[frisco anconia]

its interesting to be informed of how much they are earning because for those of us who don't have plans of putting up a business, eto na yung pinaka-mataas na aabutin natin financially! kaya lang the odds are against us :(

laki nga ng kinikita nila, they can buy a new car every month if they want to!

frisco

[sayuri_succubus]

Yun isang COO (child of owner) ng isang known business clan, monthly salary nya is P100,00.00

[KuyaDanny]

Originally posted by frisco anconia
laki nga ng kinikita nila, they can buy a new car every month if they want to!


True, but keep in mind that the company they run earned P1.04 BILLION last year. Not every CEO can justify that he deserves his salary, but these guys most certainly can.

[tadeus]

Are the benefits included? Like the company pays for the house rental at let's say Forbes Park, children's education, servant salaries, etc.

[Strange_Dejavu]

Larry Ellison, CEO, Oracle

$750 million last year alone.

ridiculous huh?

[NunoSaPunso]

Sa Foreign Companies ang access ko eh. Lang local :(

Microsoft Corporation

Chairman and Chief Software Architect: William H. (Bill) Gates III , age 46, $547,500 salary, $205,810 bonus.

CEO and Director:Steven A. Ballmer, age 46, $547,500 salary, $205,810 bonus.

Thomson Corporation:

President, CEO, and Director: Richard J. (****) Harrington,
age 55, $1,200,000 salary, $1,840,800 bonus.

CEO, Thomson Financial; Director: David H. (Dave) Shaffer , age 59, $950,000 salary, $1,365,150 bonus (prior to title change)


Dell Computer Corporation

Chairman and CEO: Michael S. Dell, age 38, $950,000 salary, $2,479,500 bonus.

President and COO: Kevin B. Rollins, age 50, $770,962 salary, $2,012,210 bonus.

Parang understated yung sa Microsoft noh?

[NunoSaPunso]

According to 2000 survey of the defunct Asiaweek magazine, Philippines CEOs receive US$5,916.00 monthly, aside from bonuses and perks.

Taiwan's CEO ang pinakamalaki sa region, US$13,638 a month.
In the US it's 31,200 per month. :)

http://www.asiaweek.com/asiaweek/magazine/2000/0317/cover1.html

[pauster007]

*bump*

[Kaboom!]

Just think though....

NBA players' minumum salary is $750,000 a year with the superstars getting upwards of $20,000,000 a year. The average would most likely be in the 4 to 5M range since there are more bench warmers than stars. There are 29 teams with 12 players on their roster each. And the season only lasts about 6 months.

Baseball players are even more ridiculous...

Locally, the average team salary annually is about 30M pesos. You divide that by 12 players, you get 2.5M a year or about P208,000 a month on the average. They only play about 50 games a year. The cap has been lowered to 4.2M a year per player without bonuses. About 2 to 3 players get this per team.

Bottom line, some players do get paid CEO salaries. In fact, I'm sure they get paid more than the VP's of the large companies they play for. Are they really that important to the company?

Hmmm....

Peace.

[JENSIE_G]

Globe CEO 500K daw a month.

hearsay.

[Artemis]

My aunt is a CEO of an advertising firm and she gets quite a hefty amount, but she always says that they also shave off a lot in taxes. And of course she pays for lifestyle too. :)

[mrpathetic]

Charo Santos - P13M a year

And have you heard about MVP's (Manny V. Pangilinan)?

6 million a month...in US$

[chuva10]

Si arnel ignacio nga *** P1million a month or 40K a day..

[kennster]

CEO ba si Arnel Ignacio?

[KuyaDanny]

Chief Entertainment Officer siguro.

[chuva10]

sori po. na-OT ako..tao ***..

[floreno]

ask the CEOs of Smart Communications....Im sure GABUNDOK sa laki mga yun....