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Tesla's Elon Musk tops the list of America's highest paid CEOs by state

Tesla's Elon Musk tops the list of America's highest paid CEOs by state

Tesla CEO Elon Musk made more money in 2018 than the next 65 highest paid chief executives, according to a new study.


Musk was the highest paid CEO last year with nearly $2.3 billion in earnings and the next highest paid boss was Discovery's David M. Zaslav who made $129 million, a New York Times commissioned study found.

The study, carried out by executive data firm Equilar, examined CEO compensation from 200 large publicly-traded companies.

Musk's 2018 earnings mostly came in the form of stock options from his company.
Tesla's Elon Musk tops the list of America's highest paid CEOs by state

The Tesla CEO remained on top in a separate study carried out by the same data firm that instead calculated the top paid CEOs by state across the country.

Following behind Musk (California) and Zaslav (Maryland) was T-Mobile's John Legere in Washington with $66.5 million and computer software company PTC's James Heppelmann in Massachussetts with $50 million.

At Home Group's Lewis Bird III in Texas earned $43.1 million, Virginia construction company NVR's Paul Saville earned $39.1 million, Comcast's Brian Roberts in Pennsylvania earned $35 million and JPMorgan Chase's James Dimon in New York earned $30 million. 

The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between January 1 and April 30.
Not every state has such a company headquartered there.

The survey includes only CEOs who have been in place for at least two years, but it does not limit the survey to companies in the S&P 500. That's why it includes such CEOs as Tesla's Elon Musk.

To calculate CEO pay, Equilar adds salary, bonus, stock awards, stock option awards, deferred compensation and other components that include benefits and perks.

For some companies, big raises can occur when CEOs get a stock grant in one year as part of a multi-year grant.

Median pay for S&P 500 CEOs was $12 million last year.

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