Top 20 Female Execs All Earn Over $1 Million
At least a few working women are laughing all the way to the bank.
For the first time, each of the top 20 female executives in corporate America earned more than $1 million, Working Woman magazine said Monday in releasing its annual survey of women’s pay.
Yet women’s paychecks overall are far from equal. Women still earn 71 cents for every dollar earned by a man. And the magazine’s general survey of pay by work finds only three jobs for which women earned more than men.
“We must take care to look at the whole picture,” said Ellen Bravo, executive director of 9 to 5, the National Assn. of Working Women. “The majority of women work in female-dominated professions that pay less.”
Still, the magazine found progress was made in narrowing pay inequities.
Last year, seven out of the 20 women on Working Woman’s list of the highest-paid female executives made less than $1 million. This year, several women who made more than $1 million were bumped off the list by higher earners.
The list is compiled from documents of public companies, which are required by law to disclose the pay of their top five executives.
Linda Wachner, head of Warnaco-Authentic Fitness, headed the list for a second year with total compensation last year of $11.16 million. Carol St. Mark, president of Pitney Bowes Business Services, ranked 20th with total earnings of $1.33 million.
Those earnings seem a pittance compared with the pay of the nation’s highest-paid executives ranked regardless of gender.
Lawrence Coss, head of Green Tree Financial, last year earned $65.5 million in salary and bonuses, according to BusinessWeek magazine. Wayne Calloway, chief executive of PepsiCo and No. 20 on the BusinessWeek list, earned $11.4 million.
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Best-Paid Women
Working Woman magazine’s 1996 list of the 20 best paid women in corporate America, as compiled from public companies’ reports:
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Total Compensation Name Title (in millions) 1. Linda Wachner Chairwoman, CEO, $11.16 president of Warnaco Group; chairwoman and CEO of Authentic Fitness 2. Jill Barad CEO of Mattel $6.17 3. Carol Bartz Chairwoman, CEO, $5.51 president of Autodesk 4. Sally Crawford COO, Healthsource $4.02 5. Estee Lauder Chairwoman emeritus $3.82 of Estee Lauder 6. Ngaire Cuneo Executive V.P. $3.68 of Conseco 7. Jane Hirsh President of $3.39 intl. business, Copley Pharmaceutical 8. Nancy Pedot CEO and president $3.19 of Gymboree 9. Donna Karan Chairwoman, CEO, chief $2.73 designer of Donna Karan 10. Sharon Mates President of North $2.33 American Vaccine 11. Amy Lipton Senior vice president, $2.23 general counsel of CUC 12. Ellen Gordon President and COO of $1.66 Tootsie Roll Industries 13. Charlotte Beers Chairwoman of Ogilvy $1.6 & Mather Worldwide 14. Jane Thompson President of Home Services $1.55 at Sears, Roebuck 15. Lois Juliber President of $1.47 Colgate-North America 16. Dorrit Bern CEO, president $1.44 of Charming Shoppes 17. Mary Anne Executive vice president, $1.43 Carpenter HealthCare Compare 18. Christie Hefner Chairwoman, CEO, $1.4 Playboy Enterprises 19. Rosemarie Greco President, CEO of $1.36 CoreStates Bank 20. Carol St. Mark President of Pitney Bowes $1.33 Financial Services
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