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Most Overpaid CEOs List Includes Goldman, JP Morgan, Ameriprise, Wells

As You Sow, a nonprofit group, released its study entitled '100 Most Overpaid CEOs,' and there are many familiar industry faces on it.

dollar 3706548 640 smallThe group notes that although it finds “very weak links” between pay and company performance, firms still continue to say high CEO pay is a reward for performance. “If we grant the assumption that pay should be determined by performance and then use a basic statistical technique to map actual performance outcomes to predicted levels of pay relative to those outcomes, we can then see how much the CEO pay package exceeded such a prediction,” the study notes.

The group then compiled a list of the top 100 CEOs with the biggest “excess” pay, which is intended to show how much they’re overpaid.

Here are some of the top industry names on the list:

Company: Fiserv
Rank: 15
CEO: Jeffery W. Yabuki
Pay: $27,601,026
Excess: $13,842,124

Company: JPMorgan Chase & Co.
Rank: 35
CEO: James Dimon
Pay: $31,612,616
Excess: $18,424,207

Company: Goldman Sachs
Rank: 39
CEO: David M. Solomon
Pay: $24,657,737
Excess: $12,052,277

Company: Ameriprise Financial, Inc.
Rank: 49
CEO: James Cracchiolo
Pay: $24,516,930
Excess: $11,530,117

Company: Wells Fargo & Company
Rank: 55
CEO: Charles W. Scharf
Pay: $34,286,574
Excess: $22,449,470

Company: Citigroup Inc.
Rank: 76
CEO: Michael L. Corbat
Pay: $25,508,761
Excess: $12,917,382.00

Company: Lincoln National
Rank: 87
CEO: Dennis R. Glass
Pay: $15,412,217
Excess: $3,287,852

Company: Marsh & McLennan Companies, Inc.
Rank: 92
CEO: Daniel S. Glaser
Pay: $20,331,697
Excess: $6,752,197.00

Alphabet’s CEO Sundar Pichai topped the list, followed by David M. Zaslav of Discovery, Inc. and Larry J. Merlo of CVS Health Corporation.
See the full list here.
 

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