Yahoo's Marissa Mayer has the top annual compensation among female CEOs at $42 million.
The gender income inequality that you have heard so much about recently doesn’t necessarily apply everywhere.
Using data compiled by S&P Capital IQ and Bespoke Investment Group, USA Today did an analysis of the annual compensation of all Standard & Poor’s 500 CEOs and found that the women are being compensated more than men on average.
During their latest fiscal years as of the end of April 2015, 21 current female CEOs received an average of $18.8 million in compensation. Included in that list are Lockheed Martin CEO Marillyn Hewson, TJX CEO Carol Meyrowitz, and Yahoo CEO Marissa Meyer. Only 21 of the 22 current female CEOs had reported their compensation.
Of the 455 current male CEOs in the same category who reported their compensation for the same time period, the average compensation was only $12.7 million, a difference of more than $6 million annually from the average women on the list.
The average from the female CEOs also was well above the $14.3 million average paid to the CEOs of the 100 largest publicly held companies reporting compensation to pay tracker Equilar.
Calculating the compensation was done using the Securities and Exchange Commission’s guidelines which include salary and the present value of options and stock grants.
The top paid female CEO among those who have reported was Mayer, whose compensation was $42 million. That puts her in seventh place among the most highly paid current CEOs. Mayer received a 69 percent raise in 2014, pushing her toward the top of the list.
Mayer jumped past Saffra Ada Catz, who was named CEO of Oracle in September of 2014. Her 2014 compensation of $37.7 million included her pay while she was president before her promotion.
Hewson ranked third at $33.7 million, Meyrowitz was fourth at $28.7 million and Indra Nooyi, CEO of PepsiCo, was fifth among women at $22.5 million.
Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.
In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.
McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.
McDill is the father of four children, and an active fan of soccer, Jimmy Buffett and all things Disney.