CEO Pay Doesn't Translate Into Shareholder Gains

Four of the top 10 highest-earning executives ran companies whose shareholders lost money over the decade, the Wall Street Journal reports. That includes the No. 2 on the list, entertainment mogul Barry Diller, and Angelo Mozilo, the former CEO of mortgage lender Countrywide

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DON GONYEA, host:

Our last word in business today: pay for performance.

The Wall Street Journal examined corporate pay over the last decade, and found the best-paid CEO of any public company was Larry Ellison. The chief of software company Oracle made $1.84 billion in the last 10 years.

His company did triple in market capitalization, so investors also should have made some money. Other CEOs didn't do as well by their shareholders. According to the Journal, four of the top 10 earners ran companies whose shareholders lost money over the decade. They include Angelo Mozilo. He banked more than $500 million before his mortgage company, Countrywide, collapsed in 2008.

That's the business news on MORNING EDITION, from NPR News. I'm Don Gonyea.

RENEE MONTAGNE, host:

And I'm Renee Montagne.

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