Lifestyle

How Much Do Executives of Top Companies in the Philippines Earn?

It's the closest we can get to taking a peek at their payslips.
IMAGE Unsplash
Comments

It’s a question that frequently comes up whenever talk turns to pay and salaries: How much do the CEOs and executives of the country’s biggest companies earn as salaries?

Perhaps only the commissioner of the Bureau of Internal Revenue (BIR) would ever know the true answer to the question. 

However, thanks to listed companies’ disclosures to the Philippine Stock Exchange (PSE), the rest of us can get an approximate idea of how much the top executives are paid each year. As part of their annual reports, listed companies disclose the total compensation of their four to six highest-paid executives.

Toward this end, Entrepreneur Philippines compiled the reported executive compensation in 2016 of the country’s biggest listed companies. The list is limited to the 25 largest firms by market capitalization as of the end of second quarter in 2017. After gathering the total compensation, the average pay of the top-paid executives was computed then ranked from largest to smallest.

Surprisingly, there seems to be little relationship between the size of a company’s market capitalization and executive pay. The firm that pays its top executives the highest on average is not SM Investments Corp., the most valuable company at the PSE, but Metro Pacific Investments Corp., the local holding investment unit of Hong Kong-based First Pacific Company Ltd. On average, Metro Pacific pays its top executives about four times more than the holding company owned by the country’s richest man, Henry Sy Sr.

Metro Pacific Investments Corp. is led by Manuel V. Pangilinan as chairman and Jose Ma. K. Lim as president. It was also the country’s 18th biggest listed company by market capitalization as of end-June 2017.

Alliance Global Inc. was ranked 24th but no executive compensation data was provided in their annual report. Thus, Megaworld Corporation, which was ranked 26th, was included in this list.

ADVERTISEMENT - CONTINUE READING BELOW

This story originally appeared on Entrepreneur.com.ph.

* Minor edits have been made by the Esquiremag.ph editors.

Comments
View More Articles About:
About The Author
Pauline Macaraeg for Entrepreneur.com.ph
View Other Articles From Pauline
Comments
Latest Feed
 
Share
For the planner who doesn;t want to drink coffee
 
Share
There were no eggs in sight at the La Chinesca x Singleton crossover.
 
Share
Luxury and technical expertise come together in one of Switzerland’s last true manufactures.
 
Share
 
Share
The Wolves, Nike, and the Prince Estate are bringing Purple Rain (back) to life.
 
Share
A well-heeled Back to the Future superfan just snatched up a $45,000 hovercraft based on Doc Brown's famous wheels.
 
Share
Thomas Pink is no more. Introducing Pink Shirtmaker London.
 
Share
In the 15 years since The Wire, Elba has starred in blockbusters and art house films, won a Golden Globe, released two albums, founded a production house, received an OBE, launched a clothing label and made his directing debut. He's only just getting started.
 
Share
Load More Articles
Connect With Us