Ceo, Executive Pay | featured news

Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million.

Total pay for CVS Caremark's chief executive and president, Larry Merlo, jumped 44% to $20.3 million last year, according to an SEC filing.

Sears Holding Corp. has signed a contract with Edward Lampert to keep him on as CEO of the company at a salary of $1 per year. A regulatory document filed Wednesday shows that the billionaire hedge fund manager will be paid an annual base salary of $1, but with the opportunity for a bonus of up to $2 million in cash or stock and up to $4.5 million in stock per year.

The subject of CEO compensation looks like it will get time under the microscope in American Airlines' Chapter 11 bankruptcy case. The U.S. trustee overseeing the bankruptcy case of American parent AMR has filed an objection to the $19.8 million severance package that current CEO Tom Horton is set to get when he leaves the company next year, according to Reuters. Also included in the objection are severance and retention payments slated for other company employees.

Warren Buffett earned a salary of $100,000 in 2012 as chairman and CEO of his Berkshire Hathaway, an amount that has remained unchanged for more than three decades.

The new head of UBS's investment bank Andrea Orcel received a $26m (£17m; 20m euros) "golden hello" in 2012, the bank's annual report has revealed. Mr Orcel is in the process of overhauling the investment business, with 2,000 job losses expected.

Heinz CEO William Johnson is entitled to a golden parachute worth $56 million if he's fired by the company's new owners. Warren Buffet's Berkshire Hathaway and 3G Capital announced last month they were buying the ketchup maker for $23.3 billion. Pittsburgh-based Heinz disclosed Johnson's deal in a regulatory filing Monday.

Coca-Cola Co. gave Chairman and CEO Muhtar Kent a pay package worth $21.6 million last year, as the world's biggest beverage maker navigated shifting drinking habits in the U.S. and sold more of its drinks overseas. The compensation is up from the $21.2 million Kent received in 2011, according to an Associated Press analysis.

Richard Handler's compensation for 2012 pushes him ahead of some top executives at larger Wall Street rivals.

In Meg Whitman's first full year on the job as Hewlett-Packard's chief executive, she received compensation valued at $15.4 million, according to H-P's proxy filing.