In the United States, many people in the workforce save a percentage of their earnings their whole lives to have a comfortable retirement. According to a Gallup poll in 2014, the average age of retirees in the U.S. has increased to 62. Among people still in the workforce, the average expected age of retirement is even later -- 66 years.
Despite hefty annual earnings exceeding millions of dollars, some chief executive officers past the retirement-ready age of 65 choose to forego giving up their command posts at U.S. corporations. That's why data analysts at FindTheCompany, a company research site powered by Graphiq, used the most recent data from the U.S. Securities and Exchange Commission (SEC) to find the highest-paid CEOs over 70.
All of the CEOs on the list were the heads of publically-traded companies in the U.S as of 2015. These executives are required by law to disclose their compensation* information annually. The list is ranked in ascending order, with the highest-paid CEO taking the No. 1 spot.
Of the 50 CEOs to make the list, only one is female — Ellen R. Gordon — illustrating the fact that a serious glass ceiling is present in corporate America. The No. 50 highest-paid CEO made well over $1.5 million in 2015. But the highest-paid CEO of all makes over 30 times that amount.
*Note: Total compensation is the sum of salary, bonuses, restricted stock awards, security underlying options, long term incentive plan payouts, option awards, non-equity incentive plan compensation, change in pension value and non-disqualified compensation earnings and all other compensation.