Meg Whitman, Safra Catz, Marissa Mayer among highest-paid women in 2016

Thanks to tech stocks’ performance last year, tech leaders dominated a list of highest-paid executives for 2016, including the category of the highest-paid women.

Four of the five highest-paid women in 2016 were from the tech industry, with IBM’s Ginni Rometty’s $98.6 million pay package leading the way, according to this year’s Bloomberg Pay Index.

The other women on the list: Hewlett Packard Enterprise’s Meg Whitman ($52.5 million), Oracle’s Safra Catz ($39.2 million),  Yahoo’s Marissa Mayer ($32.8 million) and Phebe Novakovic of aerospace and defense company General Dynamics, whose compensation was $30.6 million.

Catz, who was the highest-paid woman in last year’s index after she was named co-CEO of Oracle, was No. 3 among the highest-paid women for 2016. Oracle listened to shareholders and reduced executive compensation, so Catz didn’t get a bonus after the Redwood City company’s profit declined, Bloomberg notes.

It was Whitman’s first year as CEO of HP Enterprise after its split from Hewlett-Packard. And it was Mayer’s last full year as chief executive of Yahoo, which is set to be mostly swallowed up by Verizon this year.

Mayer was the fourth-highest-paid female executive despite the fact that the company withheld her bonus in 2016 because of the big Yahoo hacks. In addition, she is set to receive $112 million when Yahoo’s sale to Verizon closes.

IBM’s Rometty was No. 6 on the overall list, and the only woman in the top 10.

On that list, Silicon Valley names include Apple CEO Tim Cook, who was No. 2 behind Wal-Mart CEO Marc Lore. Cook’s 2016 compensation was more than $150 million, according to the Bloomberg index. Google CEO Sundar Pichai was No. 4 with $106.5 million, and Tesla CEO Elon Musk was No. 5 with $99.7 million.

The Bloomberg index is based on companies’ fiscal year-end equity awards and therefore can differ from companies’ regulatory filings. For example, Pichai’s pay package amounted to nearly $200 million last year, according to a Google filing.

 

Photo: California Republican gubernatorial candidate Meg Whitman concedes in Universal City on Nov. 2, 2010. Whitman, formerly chief executive of eBay, now leads Hewlett Packard Enterprise and was the second-highest-paid female executive in 2016.  (Dai Sugano/Mercury News)

 

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  • hokeypokey

    Getting rewarded for trashing the businesses they ran…. Meg and Marissa…

  • Alan Rubin

    Marissa Mayer deserves nothing after she totally destroyed Yahoo. Who in their right mind acquires a company for $5 billion and then sells the combined company to Verizon for $2 or $3 Billion. Mayer is not very smart, just a dumb blond.

 
 
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