10 January Bonuses That Will Make You Want To Switch Careers Yesterday


Pure-jobs.com/blog is the premier global online employment solution for people seeking jobs and the employers who need great professionals — and PURE JOBS BLOG is the place to find all the advice you need. Our focus is on helping job seekers and anyone who is looking for tips and advice on managing their careers. come and join us and ask comment we love to hear your views.

10 January Bonuses That Will Make You Want To Switch Careers Yesterday

  • Font size: Larger Smaller
  • Subscribe to this entry
  • Print
  • Report this post

10 January Bonuses That Will Make You Want To Switch Careers Yesterday


It’s that time of the year, when high-flying executives and 80-hour-work-week overachievers await to find out exactly how much extra they’re going to make with the “13th check.” Despite Occupy Wall Street protestations, the income inequality between top earners and bottom employees continues to rise, with JC Penney’s CEO making about 1,800 times more than the stock room boy. Here are 10 annual bonuses that will make you think twice about keeping your job.

10 January Bonuses That Will Make You Want To Switch Careers Yesterday


1.) REAL ESTATE: Michael Farrel, CEO of real estate investment trust (REIT) Annaly Capital Management pocketed just over $29 million worth of equity in 2013, on top of his $3 million salary.

2.) ENTERTAINMENT:CBS Corp. president and CEO Leslie Moonves got $27.5 million bonuses each year for 2011 and 2012. But his overall compensation was actually down for the second year in a row: a meager $62.2 million.

3.) GAMING: Activision Blizzard (the company behind Guitar Hero and Call of Duty) awarded its CEO Bobby Kotick a $7 million annual bonus last year, even though the company is still only the second-largest gaming company in the world after Nintendo (who slashed their execs’ bonuses by 20 percent last year).

4.) MOBILE CARRIER: Despite (or because of?) dropped calls, horrific cancellation penalties, and curious “other charges” on your bills, AT&T continues to be a major player in the U.S. mobile phone market, and it’s grateful to its CEO Randall Stephenson to the tune of $6 million in annual bonuses (and $21 million overall package).

5.) MIXEDBUSINESS ARTS: Former CEO Ian Cumming’s contribution merited a $27.5 million bonus last year from his employer Leucadia National Corp., the business conglomerate equivalent of a mixed martial arts fighter: the company has bought investment bank Jefferies Group LLC and owns real estate and a ton of other stuff, including a beef processor.

6.) INVESTMENT MANAGEMENT: Cummings has been compared to Warren Buffet and his company nicknamed Baby Berkshire, so it’s relevant to note that the annual bonus of 82-year-old Mr. Buffet – the fourth richest man in the world – is $0. His salary is $100,000. He does, however, own 21% of the $260 billion Berkshire Hathaway Inc., and has been extremely critical of non-performance-based compensation. Which is why he awarded an estimated $27 million each to his top two portfolio managers, Todd Combs and Ted Weschler.

7.) BANKING: This year’s bonuses might be much smaller, due to new regulations limiting executive compensations, as well as a growing number of shareholders participating in so-called Say on Pay votes that limit execs’ compensation or tie it to performance (although executives need not panic: in 2012, less than 3% of companies have failed to convince shareholders that your salaries are entirely deserved). Banks in the European Union, following a 10-month negotiation with regulators, have been forced to cap their annual bonuses at a maximum of one year’s salary. Ever optimistic, however, London bankers expect their 2014 bonuses to rise as high as 44%. And although most big banks are actually planning to cut their year-end bonuses, here’s the kicker: despite Goldman Sachs’ plans to CUT its compensation by 5%, it will still dole out an average of $320,000 per head, while JPMorgan’s 5% cut means that the average employee – and this includes secretaries and the tech guy – will this year receive a lowly average of… $166,000. Overall, big banks plan to give out $91.44 billion in 2013 bonuses.

8.) OIL & GAS (and geothermal): Anthony Petrello’s bonus was $17.5 million last year for his CEO work at the tax-friendly-Bermuda-based Nabors Industries, and this despite his company’s stock continuing to fall during 2012 and despite a reduction in CEO pay at the company. This year, his bonus will be capped at a measly $3.4 million.

9.) PERSONAL COMPUTERS: For those who have not transitioned to Galaxies and iPhones for personal computing needs, Lenovo is a big brand: the Beijing/North Carolina-based company recently overtook Hewelett-Packard Co. as the largest maker of personal computers, and has even acquired IBM’s ThinkPad laptop brand. Its chairman Yang Yuanqing was awarded around $13 million in bonuses last year, on top of his $1.2 million salary and 7.2% stake in the $720 million company. But Yuanging didn’t spend all of it on yachts and courtside season tickets: he shared $3.25 million of his bonus with 10,000 Lenovo staff around the world. At $300 a pop, it’s right around the amount you’d need to buy a new Lenovo netbook.

10.) INTERNET: Yahoo CEO Marissa Mayer was charged with turning the company around, or, really, make it more like Google, her previous employer. Yahoo was so happy with her work that they gave her a $1.1 million bonus last year – and that’s just for the first 5.5 months at the head of the company. (And if you think that’s rather low compared to the more boring industries, think again: the bonus merely “supplements” her $1 million salary and $56 million in long-term stock compensation).

If your bonus is not quite so high, don’t despair. Despite the tens of millions of dollars made by CEOs and other executives in annual bonuses, these aren’t the guys (and they are overwhelmingly male, aren’t they?) who reap in the big bucks. The top 10 earners among U.S. CEOs took home a minimum of $100 million each last year. Facebook co-founder Mark Zuckerberg took the lead with over $2 billion (that’s plus or minus $6 million a day). The CEO of energy company Kinder Morgan took home $1.1 billion. But it wasn’t from the annual bonuses, nor even their salaries: Zickerberg’s salary was a modest $503,000, while Morgan’s base salary in 2012 was a symbolic $1. No, these guys made their money primarily from selling stock. In fact, of the $4.7 billion the top 10 CEOs took home in 2012, only $16.2 million was in cash bonuses.




Blog posted from New York, NY, USA View larger map
Last modified on
Tagged in: money
in Facts & infographic
Rate this blog entry:

I'm an executive career coach, leadership development consultant. I'm interested all things at the intersection of leadership and communications. I blog about it here and at pure-jobs.com/blog. I work with CEOs, senior leaders and teams at companies ranging from small, private businesses to the Fortune 50. I enjoy hearing new ideas! Send any articles, tips or cool thoughts on leadership my way.

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Monday, 08 February 2016

Sponsored Jobs

CIB - EMEA Sales & Marketing – Fixed Income Sales – Associate– London
Company Name : JPMorgan Chase
Location :  London, ENG
Date : 04-02-2016
FI Sales position. CIB - EMEA Sales & Marketing – Fixed Income Sales – Associate– London. The desk working and become a part of the FI Sales team....
Nike Sportswear Sales Account Executive
Company Name : Nike
Location :  London, ENG
Date : 22-01-2016
Strong Sales account management experience ideally within the Apparel, Fashion or Retail industry. Actively collaborate with line manager in the development of...
Trainer - North
Company Name : Guerlain UK
Date : 01-02-2016
> Conduct in store visits with Guerlain BC'S in the top 40 accounts (accountable for the South Region). PURPOSE OF THE ROLE....
Account Manager
Company Name : The Football Association
Location :  Burton-On-Trent, ENG
Date : 01-02-2016
Experience of working in a sales or account management environment. George’s Park is looking for an Account Manager to be a senior member of the sales and...
Account Manager
Company Name : 
Location :  Swansea, WLS
Date : 03-02-2016
Account Manager – Responsibilities. Account Manager – The Role. We have an exciting opportunity for an Account Manager to join our team based in Swansea ....
Territory Manager
Company Name : AkzoNobel
Date : 04-02-2016
Distributor Territory Manager. You will be targeted with maximising sales and profit for our trade, retail and automotive brands for designated SSO customers in...
Sales & Marketing Internship Opportunity at Gwenelda
Company Name : Gwenelda
Location :  London, ENG
Date : 04-02-2016
We are looking for a bright, motivated intern, willing to help increase our sales effort and help drive our marketing effort....
Account Manager - Speculative South Coast
Company Name : HILTI
Date : 01-02-2016
Account Manager Responsibilities. As an Account Manager you will be providing high level customer consultation in a professional field sales based role and...
National Account Executive - Non Traditional
Company Name : Red Bull
Date : 03-02-2016
National Account Executive - Non Traditional. In addtion, establish clear ways of working with Red Bull Field Sales & the Wings Team to ensure they can...
Yves Saint Laurent Account Manager Boots Bluewater
Company Name : L'Oréal
Location :  London, ENG
Date : 03-02-2016
Performance in relation to own account. Be fully aware and accountable for achievement of Account retail targets....
Sports and Entertainment Sales Representative
Company Name : Oracle
Location :  Reading, ENG
Date : 04-02-2016
Manage sales through forecasting, account resource allocation, account strategy, and planning. Ability to penetrate accounts, meet with stakeholders within...
Sales Executive
Company Name : Admiral Group, Inc.
Location :  Swansea, WLS
Date : 02-02-2016
In our Sales department 100% of our promotions to Team and Operations manager are internal. Our sales staff can earn anywhere from £4000 to £12000 per year on...
Account Manager - FA-4073
Company Name : The Football Association
Location :  St. George's, ENG
Date : 01-02-2016
Experience of working in a sales or account management environment. George’s Park is looking for an Account Manager to be a senior member of the sales and...
Corporate and Brand Identity Manager
Company Name : 
Location :  Goodwood, ENG
Date : 07-02-2016
In cooperation with Regional SCDMs work in a team to optimise sales performance and levels of customer....
3 x Settlements Roles - Settlements Executive / Senior Settlements Exec
Company Name : cer Financial
Location :  London, ENG
Date : 04-02-2016
3 x Settlements Roles - Settlements Executive/Senior Settlements Executive/ Settlements Manager. Salaries range from 25k to 50k plus....
Broomhill Sports Club: Sponsorship Sales & Marketing Position
Company Name : Broomhill Sports Club
Location :  SCT
Date : 30-12-2015
Sponsorship Sales & Marketing Position. It will suit someone with a flair for marketing and direct sales skills. Broomhill Sports Club:....
Retail Development Territory Manager Edinburgh/ Perth Area
Company Name : Warburtons
Location :  Field Based,
Date : 06-02-2016
Previous experience within a sales and business development operation is also essential. Develop and maintain strong customer relationships with store...
Yves Saint Laurent Account Manager Hemel Hempstead
Company Name : L'Oréal
Location :  London, ENG
Date : 27-01-2016
Of Account retail targets. Performance in relation to own account. Relationships with the team, store management, Area Manager and Head Office....
Company Name : 
Location :  Portchester, ENG
Date : 18-01-2016
The Account Manager position will be based from the Fugro EMU head office in Portchester, Portsmouth. Represent the Geophysics Group, as necessary, at sales...
Key Account Manager
Company Name : Alliance Healthcare
Location :  Field Based,
Date : 08-02-2016
This is a fantastic opportunity for a Key Account Manager working with a defined set of accounts in Managed Distribution Agreements (MDA);...

Pure Jobs Blog


Subscribe via rss

Subscribe To Us And Stay Updated with the latest career advice on pure-jobs.com.

Latest Discussions

Forum offline

Guest Writters

Would you like to be a guest writter or blogger ?


Recent Comments

very useful to know

Thank you so much for providing us the information on how to write CV..This will really help in my u...
Thank you so much for providing us the information on how to write CV..This will really help in my u...
The methodology of giving understudies the well-suited task help Australia is insightfully formulate...
Help in assignment
Getting a job is not an easy task because some time we have to achieve good in society , we have to ...
Follow my blog with Bloglovin And Stay Updated with the latest career advice on pure-jobs.com.

Subscribe on Feedburner

Enter your email address to subscribe to our FeedBurner.

RSS Feed Image Pure Jobs Blog is on FeedBurner


Connect with us


Stay connected to the latest jobs, events and career advice from Pure-jobs.com. 



Follow us on Twitter

Upload your resume

Make your resume searchable to employers hiring in your city.

Start Recruiting now

Post a job to 50+ job search engines with one click.