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The 10 Best-Paid CEOs of 2012

The perks of being a head honcho just keep on growing

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#10: Louis Camilleri, Philip Morris International

Philip Morris NYSE:PMTotal Compensation: $24.7 million
2012 Performance: +6%

First up, we have Louis Camilleri, who leads the pack at Philip Morris International (NYSE:PM). He broke into the top 10 last year — after coming in at No. 27 in 2011 — thanks to a 23% increase in overall compensation. Tallying it all up, Camilleri took home just under $25 million.

His base salary stayed the same at $1.75 million, while he actually received less in bonuses and spent less on perks than the year before. Instead, stock compensation accounted for the increase, going from just over $9 million to more than $15 million.

In terms of performance, Philip Morris didn’t blow anyone away last year, though. The stock only gained just more than 6%, while earnings grew 2% for the full year. Still, PM’s total return came to 11% if you include the company’s hefty dividend — a payout the company admittedly has boosted by about 85% since 2008.

And, PM is off to a raging start in 2013. The stock has gained over 14% — 40% more than the broader market’s still-bullish start.

Article printed from InvestorPlace Media,

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