Highest-Paid Executives

The $203.1 million that Walt Disney Co. Chairman Michael Eisner pulled down last year was the highest pay ever for a chief executive of a public corporation, Business Week magazine reported Thursday.

He earned nearly four times more than the second-highest-paid executive in 1993, Sanford Weill, head of Travelers Corp., who earned $52.8 million.

Eisner, long among the highest-paid executives, earned the amount despite the fact that Disney’s profit fell last year.

The bulk of Eisner’s total package was $202.3 million in long-term compensation through the exercise of stock options. His salary and bonuses amounted to $750,000.

The following is a list of the 10 highest-paid U.S. chief executives and their total pay in 1993, according to the magazine’s April 25 issue.

Total pay Company Chief executive (in millions) 1. Walt Disney Co. Michael Eisner $203.0 2. Travelers Corp. Sanford Weill 52.8 3. Autozone Inc. Joseph Hyde III 32.2 4. Int. Game Tech. Charles Mathewson 22.2 5. Bear Stearns Cos. Alan Greenberg 15.9 6. Blockbuster Wayne Huizenga 15.6 7. Brinker Intl. Norman Brinker 14.9 8. Coca-Cola Co. Roberto Goizueta 14.5 9. Duracell Intl. C. Robert Kidder 14.2 10. Georgia-Pacific Thomas Hahn 13.7

Source: Reuters