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This was published 11 years ago

Media CEOs the highest-paid US executives

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Discovery Communications CEO David Zaslav earned US$156m last year. (AAP)

Discovery Communications CEO David Zaslav earned US$156m last year. (AAP) AAP

They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league.

Six of the 10 highest-paid CEOs last year worked in the media industry, according to a study carried out by executive compensation data firm Equilar and The Associated Press.

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The best-paid chief executive of a large American company was David Zaslav, head of Discovery Communications, the pay-TV channel operator that is home to Shark Week.

His total compensation more than quadrupled to $US156.1 million ($A199.6 million) in 2014 after he extended his contract.

Les Moonves, of CBS, held on to second place in the rankings, despite a drop in pay from a year earlier. His pay package totalled $US54.4 million.

The remaining four CEOs, from entertainment giants Viacom, Walt Disney, Comcast and Time Warner, have ranked among the nation's highest-paid executives for at least four years, according to the Equilar/AP pay study.

Pay packages for CEOs overall grew for the fifth straight year in 2014, driven by a rising stock market that pushed up the value of executive stock awards.

Median compensation for the heads of Standard & Poor's 500 companies rose to a record $US10.6 million, up from $US10.5 million the year before.

For the annual CEO pay study, Equilar assessed data from 338 companies that filed proxy statements with regulators between January 1 and April 30, 2015.

To calculate a CEO's pay package, Equilar and the AP looked at salary, stock and option awards, perks and bonuses.

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The study only includes chief executives who have been at the helm of their company for at least two years.

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