Being an Executive in a company comes with a lot of responsibility, though the rewards can make them stand among the richest in a particular location.
This is the case in New York City as it hosts the largest number of company CEO who earn a lot of dollars annually
You will find out as you continue to read. The wealthiest 1 percent of New York City residents take home approximately 30 percent of the city’s total revenue.
Many of the city’s CEOs are members of this exclusive group.
Based on the CEOs’ total salary in 2010, Crain’s New York Business compiled a list of the top 100 highest-earning CEOs in New York.
We took our time to analyze the highest-paid executives in New York in-depth.
So, In this article, you will get to know the best-paid executives in New York in 2022.
Table of contents
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What Are The Highest Paid Executives In New York?
Below is the detailed list of the best-paid executives in New York:
- Philippe Dauman
- Leslie Moonves
- Mario Gabelli
- Ralph Lauren
- Jeffrey Bewkes
- Samuel Palmisano
- Laurence Fink
- Jamie Dimon
- Louis Camilleri
- Henry Kravis
- Jay Fishman
- Ivan Seidenberg
- Glenn Britt
- Rupert Murdoch
- David Snow
#1. Philippe Dauman
- Company: Viacom Inc.
- Company 2010 revenue: $13.4 billion
On our first list of the highest paid executives in New York is Dauman.
Philippe Pierre Dauman, an American businessman, born on March 1, 1954, served as President, CEO, and Chairman of Viacom beginning in September 2006 and continuing until May 20, 2016.
Dauman’s term as President, CEO, and Chairman of Viacom ran from September 2006 until May 20, 2016. Dauman was Sumner Redstone’s longtime business associate and a close friend.
From 1994 until 2000, Dauman was a member of the executive committee of Viacom and served as the executive vice president in charge of strategic transactions and administration at Viacom.
In addition, Dauman served as a director at the CBS Corporation, which the Redstone family owns, until September 2006.
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#2. Leslie Moonves
- Company: CBS Corp.
- Company 2010 revenue: $14.1 billion
Leslie Moonves is an American media executive who served as the Chairman and CEO of CBS Corporation from 2003 to September 2018, when he resigned from both positions.
Between July 1995 and September 2018, he was employed at CBS in various executive capacities.
In addition, he was on the board of directors at ZeniMax Media from the year 1999 to the year 2021.
Later, he served as co-president and co-chief operating officer of the original Viacom, Inc., from 2004 until the Company split in December 2005.
This position lasted until the Company split. In February of 2016, he was appointed Chairman of CBS.
After being accused of sexual misconduct by some women, Moonves resigned as Chairman of CBS in September 2018.
Moonves is said to have been responsible for destroying proof of his sexual misbehavior. He is one of the best-paid executives in New York.
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#3. Mario Gabelli
- Company: Gamco Investors Inc.
- Company 2010 revenue: $280 million
Mario Joseph Gabelli is a stock investor, investment advisor, and financial analyst. He was born in Italy on June 19, 1942, and immigrated to the United States in 1954.
On the list of Billionaires compiled by Forbes magazine, he was ranked number 1477.
On January 10, 2000, Gabelli was selected for inclusion on the “Barron’s All Century Team,” which is Barron’s publication’s ranking of the most prominent portfolio managers working in the mutual fund business.
Mr. Gabelli was elected an honorary member of Local 6 and the Hotel Trades Council in December 2019.
He is also one of the best-paid executives in New York.
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#4. Ralph Lauren
- Company: Polo Ralph Lauren Corp.
- Company 2010 revenue: $5 billion
The Ralph Lauren Corporation is a market leader in designing, marketing, and distributing premium lifestyle products in five distinct categories.
The Company is a global market leader in all of these areas.
For more than half a century, Ralph Lauren has been steadily establishing its name and cultivating a unique brand image across an increasing variety of consumer goods, business brands, and international markets.
The Company’s brand names, which include Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps, among many others, represent one of the most well-known families of consumer brands in the entire world.
Ralph also ranks among the best-paid executives in New York.
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#5. Jeffrey Bewkes
- Company: Time Warner Inc.
- Company 2010 revenue: $26.9 billion
Another one of the best-paid executives in New York is Jeffrey Bewkes. Jeffrey Lawrence Bewkes is a prominent figure in the American media industry.
Between January 1, 2008, and June 14, 2018, he served as the Chief Executive Officer of Time Warner.
Before that, he held the positions of President from December 2005 until June 2018 and Chairman of the Board from January 1, 2009, until 2018.
After leaving Citibank, he accepted a position at HBO, a small unit of Time Inc.
He was given the responsibility of persuading hotels to subscribe to HBO, and later he was promoted to the position of sales director, where he was responsible for the launch of Cinemax.
In 1986, he was promoted to CFO, and in 1991, he was promoted to President and Chief Operating Officer.
As the Chief Executive Officer of HBO, he was responsible for tripling the Company’s revenues and “overseeing a fundamental transition in its content, away from mere movies and fights.
In 2002, he was promoted to head of the entertainment and networks group of Time Warner.
Between 2005 and December 2007, he worked as the most senior subordinate for Dick Parsons, the Chairman and CEO of Time Warner.
Bewkes was chosen to succeed Parsons in 2008, taking over as CEO of Time Warner and moving up to the position of Board Chair the following year.
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#6. Samuel Palmisano
- Company: International Business Machines Corp.
- Company 2010 revenue: $99.9 billion
Samuel Palmisano is a former president of IBM, and he served as the Company’s ninth chief executive officer until January 2012.
Additionally, until October 1, 2012, he served as Chairman of the corporation.
Palmisano succeeded Louis V. Gerstner, Jr. as CEO in March 2002 and as Chairman in January 2003, following Gerstner’s retirement in the wake of the Dot-com bubble burst.
While his predecessor had saved IBM from bankruptcy by slashing expenses and laying off workers, Palmisano’s ambition was to restore IBM’s status as an industry leader through systems integration and consulting services.
He also ranks among the highest-paid executives in New York.
#7. Laurence Fink
- Company: BlackRock Inc.
- Company 2010 revenue: $8.6 billion
Lauren Douglas is an American businessman who is worth a billion dollars. BlackRock is an American international investment management organization, and he serves as both the Chairman and CEO of the Company.
With more than US$10 trillion in assets under management, BlackRock is the largest money management firm in the world.
This gives the Company enormous power over the global financial system.
According to an article in Forbes Magazine in April 2022, Fink had a net worth projected to be one billion dollars.
#8. Jamie Dimon
- Company: J.P. Morgan Chase & Co.
- Company 2010 revenue: $115.5 billion
When talking about the best-paid executives in New York, Jamie Dimon is one of the tops on the list.
Jamie Dimon is an American businessman and banker worth a billion dollars.
Since 2005, he has served as the Chairman and chief executive officer of JPMorgan Chase, the most successful of the four major American financial institutions.
Before leaving his position, Dimon was a member of the board of directors at the New York Federal Reserve Bank.
In 2006, 2008, 2009, and 2011, Dimon was listed in the list of the 100 most influential persons in the world that was compiled by Time magazine. It is believed that Dimon has a net worth of $1.8 billion.
Dimon is one of the few bank CEOs to become a billionaire, owing mainly to his $485 million share in JPMorgan Chase.
He received the highest pay package of any bank CEO in the United States for the fiscal year 2011.
JPMorgan Chase, however, lowered its remuneration to $11.5 million in 2012, following a series of contentious trading losses totaling $6 billion.
In the fiscal year 2017, Dimon received $29.5 million.
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#9. Louis Camilleri
- Company: Philip Morris International
- Company 2010 revenue: $67.7 billion
Louis Camilleri is the current Chairman of Philip Morris International and the previous CEO of Ferrari.
On December 10, 2020, he gave the notice to leave both jobs immediately for reasons of personal nature. Camilleri started his career in business analysis at W. R. Grace and Company in Lausanne before moving on to a similar role at Philip Morris Europe in 1978.
In Europe and the Middle East, he rose through the ranks of the tobacco industry and occupied some increasingly responsible posts.
His appointment as Kraft Foods’ president and CEO came in December 1995.
The tobacco company promoted him to the position of senior vice president and chief financial officer in November 1996.
#10. Henry Kravis
- Company: KKR & Co.
- Company 2010 revenue: $9.7 billion
Henry Kravis is a prominent American entrepreneur, investor, and philanthropist. He was born in the state of New York.
He was one of the founders of KKR and Company, Inc.
Kravis is a Republican who has given significant financial support to a wide range of charities and made substantial donations to both major political parties, including a contribution of one million dollars to Donald Trump’s presidential inauguration.
Activism that seeks to alter private equity regulations and curtail the practice of leveraged buyouts, which he pioneered, has been condemned because he leads an extravagant lifestyle.
The 1989 book and the 1993 movie Barbarians at the Gate tell the story of his takeover of RJR Nabisco.
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#11. Jay Fishman
- Company: Travelers Cos.
- Company 2010 revenue: $25.1 billion
Following a diagnosis of amyotrophic lateral sclerosis (ALS), Jay Fishman stepped down from his position as the chief executive officer of The Travelers Companies in December 2015 after having served in those capacities for the previous 11 years.
From December 2015 to the time of his passing in August 2016, he served Travelers as the Executive Chairman of the board of directors.
#12. Ivan Seidenberg
- Company: Verizon Communications Inc.
- Company 2010 revenue: $107 billion
Ivan is the former CEO of Verizon Communications Inc. More than 40 years ago, he began his career in telecommunications by joining New York Telephone, a forerunner of Verizon, as a cable splicer.
Beginning in 2000, when he was named co-CEO, he went on to head Verizon as both CEO and Chairman.
Seidenberg stepped down as CEO in July 2011, but he remained on the Verizon Board of Directors as Chairman and board member until he retired in December 2011.
As a result, Lowell McAdam took over as CEO at that time.
Other Highest Paid Executives In New York
#13. Glenn Britt
- Company: Time Warner Cable Inc.
- Company 2010 revenue: $18.9 billion
Britt has been the chief executive officer since August 2001 and the president since 2006.
Britt, as CEO, has seen to it that the Company now offers commercial broadband service and high-definition television.
#14. Rupert Murdoch
- Company: News Corp.
- Company 2010 revenue: $32.8 billion
The media mogul’s reputation has been damaged ever since the hacking crisis at News of the World broke earlier this summer.
It is one of the most significant challenges to his ultimate goal of establishing a worldwide media empire as his lasting legacy.
He began with an Australian newspaper and eventually acquired tabloids in London and the United States.
#15. David Snow
- Company: Medco Health Solutions Inc.
- Company 2010 revenue: $66 billion
David Snow is on our last list of the highest-paid executives in New York. In 2003, when Snow first assumed his current job, he took the company public.
Snow’s extensive resume includes the president and chief operating officer roles at Empire BlueCross BlueShield and other health insurance companies before joining Medco.
Conclusion
Here you have it! The highest paid executives in New York. We took our time to compile the best-paid executives in New York in 2022.
In New York, there are other highly paid executives. The ones listed here are the most popular in New York City.
Frequently Asked Questions
Yes. As said earlier, New York City has many highly paid executives.
Not exactly. When compared to the world rankings of the highest paid executives, few make a list.
The average salary of executives in New York is $82,968 per year.
The CEO Sets and monitors the Company’s core objectives and manages the Company’s resources to achieve those objectives.
The average salary of an assistant CEO is $61,513 per year.
References
- equilar. com—New York Times 200 Highest-Paid CEOs
- Bloomberg. com—Highest Paid US CEOs: Top Salaries in 2021
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