A look at the 50 highest-paid CEOs of 2012, as calculated by executive pay research firm Equilar.

1. Leslie Moonves, CBS, $60.3 million, down 12 percent
2. David Zaslav, Discovery Communications, $49.9 million, down 5 percent
3. Bob Iger, Disney, $37.1 million, up 18 percent
4. Philippe Dauman, Viacom, $33.4 million, down 22 percent
5. John Donahoe, eBay, $29.7 million, up 81 percent
6. Brian Roberts, Comcast, $29.1 million, up 8 percent
7. Howard Schultz, Starbucks, $28.9 million, up 80 percent
8. Ken Chenault, American Express, $28 million, up 25 percent
9. Rex Tillerson, Exxon Mobil, $27.2 million, up 8 percent
10. Kent Thiry, DaVita HealthCare, $26.8 million, up 53 percent
11. Jeffrey Bewkes, Time Warner, $25.7 million, unchanged
12. Louis Camilleri, Philip Morris International, $24.7 million, up 23 percent
13. Glenn Murphy, Gap, $24.6 million, up 154 percent
14. Robert Stevens, Lockheed Martin, $23.8 million, up 16 percent
15. Richard Fairbank, Capital One Financial, $22.6 million, up 21 percent
16. John Watson, Chevron, $22.3 million, up 23 percent
17. Irene Rosenfeld, Mondelez International, $22 million, up 40 percent
18. Lawrence Culp Jr., Danaher, $21.9 million, up 1 percent
19. Louis Chenevert, United Technologies, $21.8 million, down 5 percent
20. Muhtar Kent, Coca-Cola, $21.6 million, up 2 percent
21. James Gallogly, LyondellBasell Industries, $21.2 million, down 10 percent
22. James McNerney Jr., Boeing, $21.1 million, up 15 percent
23. Randall Stephenson, AT&T, $21 million, up 12 percent
24. Alan Mulally, Ford, $21 million, down 29 percent
25. Paul Jacobs, Qualcomm, $20.7 million, down 5 percent
26. Mike Duke, Wal-Mart Stores, $20.7 million, up 14 percent
27. Jeff Immelt, General Electric, $20.6 million, up 80 percent
28. Gregg Steinhafel, Target, $20.5 million, up 5 percent
29. Larry Fink, BlackRock, $20.2 million, down 8 percent
30. Anthony Alexander, FirstEnergy, $20 million, up 39 percent
31. Steve Ells, Chipotle Mexican Grill, $19.7 million, up 2 percent
32. Miles White, Abbott Laboratories, $19.5 million, up 3 percent
33. David Pyott, Allergan, $19.4 million, up 62 percent
34. John Stumpf, Wells Fargo, $19.3 million, up 8 percent
35. Leslie Wexner, L Brands, $19.2 million, unchanged
36. Montgomery Moran, Chipotle Mexican Grill, $19.1 million, up 2 percent
37. Carol Meyrowitz, TJX Companies, $19.1 million, up 198 percent
38. Paul Otellini, Intel, $18.9 million, up 10 percent
39. Jamie Dimon, JPMorgan Chase, $18.7 million, down 19 percent
40. Alexander Cutler, Eaton, $18.6 million, up 77 percent
41. Ian Read, Pfizer, $18.5 million, up 2 percent
42. Brian Jellison, Roper Industries, $18.1 million, up 21 percent
43. Jay Johnson, General Dynamics, $18 million, up 12 percent
44. Michael White, DirecTV, $17.9 million, up 212 percent
45. Steve Wynn, Wynn Resorts, $17.7 million, up 8 percent
46. Douglas Oberhelman, Caterpillar, $17.7 million, up 20 percent
47. David Lesar, Halliburton, $17.5 million, up 10 percent
48. David Simon, Simon Property Group, $17.2 million, down 87 percent
49. Glenn Britt, Time Warner Cable, $17.2 million, up 5 percent
50. Samuel Allen, Deere, $17.2 million, up 4 percent


Here's a look at what companies spent in 2012 on CEOs' country club and business club memberships, private jet travel and home security.

Memberships in country clubs and business clubs:

--L. Kevin Kelly, Heidrick & Struggles, $126,390
--Thomas Swidarski, Diebold, $72,280
--Douglas Neugold, ATMI Inc., $48,224
--David Storch, AAR Corp., $45,329
--George Chapman, Health Care REIT, $37,128
--Zsolt Rumy, Zoltek Companies, $36,192
--Edward Crawford, Park-Ohio Holdings Corp., $35,830
--David Sindelar, Viasystems Group, $35,031
-- Ralph Shrader, Booz Allen, $31,401
--Jon Feltheimer, Lions Gate Entertainment, $28,543

Personal use of company aircraft:
--Mark Zuckerberg, Facebook, $1,213,591
--Steve Wynn, Wynn Resorts, $1,188,901
--Tracy Krohn, W&T Offshore, $905,833
--Michael Saylor, MicroStrategy, $739,296
--Daniel Meyers, First Marblehead, $507,294
--Kent Thiry, DaVita HealthCare, $497,379
--Mark Frissora, Hertz, $493,609
--Brian Moynihan, Bank of America, $477,060
--Melvin Gordon, Tootsie Roll Industries, $461,651
--Brian Duperreault, Marsh & McLennan, $441,875

Home security:

--Sheldon Adelson, Las Vegas Sands, $2,796,528
--Jeff Bezos,, $1,600,000
--Larry Ellison, Oracle, $1,535,926
--Robert Stevens, Lockheed Martin, $1,319,628
--Wesley Bush, Northrop Grumman, $1,167,970
--Marc Benioff,, $654,829
--Leslie Moonves, CBS, $583,808
--Bob Iger, Disney, $574,331
--Martin Koffel, URS Corp., $567,710
--Wendell Weeks, Corning Inc., $391,865
Source: GMI Ratings


Here's a look at median CEO pay by industry last year, as calculated by executive pay research firm Equilar. For the fourth time in five years, health care CEOs got the most pay and utilities CEOs got the least.

--Health care: $11.1 million
--Industrial goods: $11 million
--Services: $10.9 million
--Financial: $9.8 million
--All companies: $9.7 million
--Consumer goods: $9.5 million
--Basic materials: $9.3 million
--Technology: $9.2 million
--Utilities: $7.5 million


Here's a look at the CEOs that received the biggest raises and the biggest pay cuts in 2012 compared with 2011, as calculated by the executive pay research firm Equilar and The Associated Press.

Whose pay rose the most:
1. Ronald Havner Jr., Public Storage, $15.4 million, up 456 percent
2. Dara Khosrowshahi, Expedia, $14.4 million, up 309 percent
3. Ralph Izzo, Public Service Enterprise Group (parent of PSE&G), $8.4 million, up 217 percent
4. Michael White, DirecTV, $17.9 million, up 212 percent
5. Carol Meyrowitz, TJX Companies (parent of T.J. Maxx and Marshalls), $19.1 million, up 198 percent

Public Storage, DirecTV and TJX Companies turned in higher earnings and revenue. At Expedia, earnings fell but revenue rose and the stock soared. At Public Service Enterprise Group, earnings and revenue were both down. The company partly attributed Ralph Izzo's pay raise to a calendar quirk, which moved the date that it pays out his long-term incentive award.

Whose pay fell the most:
1. Rodney Sacks, Monster Beverage, $799,000, down 93 percent
2. David Simon, Simon Property Group, $17.2 million, down 87 percent
3. John Daane, Altera, $5.5 million, down 81 percent
4. Gregory Brown, Motorola Solutions, $10.3 million, down 65 percent
5. Donald Slager, Republic Services, $5.4 million, down 63 percent

Monster Beverage says its board doesn't automatically grant stock awards each year. David Simon's pay went down because his board gave him a one-time retention package in 2011, then valued at $132 million -- and kept it in place even after shareholders voted against it. Altera, Motorola Solutions and Republic Services cut their CEOs' pay after shareholders came close to rejecting the pay packages at last year's meetings.


Big U.S. companies are required to offer their shareholders a say on pay vote -- essentially, a chance to weigh in on whether they think the CEO and other top executives are getting paid too much.

Shareholders have rejected pay packages less than 3 percent of the time, experts estimate. The votes are non-binding, which means companies don't have to follow shareholders' wishes. But shame has proven a powerful motivator: Companies that get their pay packages rejected tend to change the way they award pay, experts say.

Here's more:

-- THE TALLY: In 2012, 12 companies that were then in the S&P 500 had shareholders reject their pay packages: Abercrombie & Fitch, Best Buy, Big Lots, Chesapeake Energy, Citigroup, Cooper Industries, International Game Technology, Mylan, Nabors Industries, NRG Energy, Pitney Bowes and Simon Property Group.

-- THE EXIT DOOR: Five of those 12 have gotten new CEOs since the 2012 shareholder meetings: Best Buy, Big Lots, Chesapeake Energy, Citigroup and Pitney Bowes. One, Cooper Industries, has been sold.

-- CHANGING THEIR WAYS?: Citigroup, IGT, NRG, Pitney Bowes and Simon Property Group have held their 2013 shareholder meetings. All got approval for their new pay packages.

-- THIS YEAR: Shareholders have voted against the executive pay packages of 14 companies so far this year, according to Glass Lewis, which advises institutional investors on how to vote their shares. That included Apache, which had proposed raising pay for G. Steven Farris by 7 percent to $17.1 million.

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