Updated from 9:07 a.m. EDT
The May 19 issue of
magazine came out with the list of the highest-paid CEOs, based on salaries, bonuses, vested stock grants and gains on exercised stock options. Generally, but not always, highly paid CEOs are being rewarded for doing outstanding jobs for their companies. Stockpickr has put together a list of the
The CEO at the top of the list is Lawrence Ellison, head of
, the huge database, middleware and application software company. Ellison's total income from the company was $192.9 million for 2007. Oracle has been in an ongoing lawsuit against
since 2007, relating to corporate theft and copyright infringement. However, the CFO of SAP said an out-of-court settlement is unlikely. The stock has a P/E of 23 and a PEG of 1.17.
Oracle is owned by the noted trader
, who formerly worked for Goldman Sachs for 25 years before starting his own firm, the $4.5 billion hedge fund Omega Advisors. Cooperman also owns
, the electric utility, with a PEG of 0.66;
, a natural gas and oil company, with a P/E of 62; and
, the networked managed health plan company with a PEG of 0.75.
Another highly paid executive is Aubrey McClendon, CEO of
, a producer of natural gas and oil. McClendon made $116.8 million last year. Chesapeake recently sold $800 million in senior notes and $1.2 billion in convertible notes. The stock has a P/E of 30 and a PEG of 1.02, and it pays a yield of 0.5%.
Chesapeake is owned by the
, which is run by David Winters and has $1.3 billion under management. The fund has a one-year return of 32.32%. Wintergreen also holds
Consolidated Tomoka Land
, with a P/E of 20;
, with a forward P/E of 51; and
, with a forward P/E of 7.
Howard Schultz, head of
, made $98.6 million last year. Starbucks just announced that it is buying 40 Canadian locations being sold by Coffee Vision and Coffee Vision Atlantic, with a closing at the end of August. The stock has a P/E of 21 and a PEG of 1.14.
Starbucks was recently purchased by
, which is a $10 billion hedge fund with offices in Dallas and New York. Other stocks the fund owns include
Research In Motion
, with a PEG of 1.03;
, with a 1.25 PEG; and
, with a 1.46 PEG.
For the rest of the list, check out the
portfolio at Stockpickr.com.
Stockpickr is a wholly owned subsidiary of TheStreet.com.