In case you needed evidence that top media and entertainment executives are well paid, some big names showed up on a ranking of the decade’s 25 top-earning CEOs on Tuesday.
IAC CEO Barry Diller (pictured) ranks second on the Wall Street Journal’s list behind tech giant Oracle’s Larry Ellison.
The list, unveiled today, shows Diller earning $1.14 billion in total realized compensation, most of it from gains on stock options.
Fourth on the list is Apple boss Steve Jobs with about $750 million. Former Hollywood studio chief Terry Semel made $490 million as head of Yahoo between 2001-07, ranking him eighth.
The Journal mentioned IAC as one of the companies on its list whose shareholders lost money in the past decade. For every $100 of investment, it made investors $77.90, the Journal said.
But Diller told the Journal his compensation gains reflect good returns for shareholders in earlier periods, and his pay setup ensures that he does just as well or badly as shareholders.