It’s easy and common for folks to decry the huge pay of chief executives, especially as the gap between their giant paychecks and those of everyday workers just keeps on growing.
But in his defense, at least his company made money.
Indeed, the bulk of that compensation package was thanks to stock gains, as MCK climbed more than 30% over the course of the year. Meanwhile, JCPenney‘s (JCP) Ron Johnson made 1,795-times the average wage and benefits of his store’s workers when he was hired … and then proceeded to drive the stock right into the ground.
Similarly, Bloomberg shows that numerous big-name head honchos took home millions in 2012, all while their businesses were bleeding cash. Here are five CEOs who sailed to paychecks of more than $10 million last year, when their companies didn’t even post a profit.