Big-name U.S. CEOs have taken a bath, but not the kind that leaves you feeling warm and relaxed.
As the bears took over Wall Street, chief executives, rewarded handsomely in years past with stock options, have seen the value of their holdings plummet.
The continuing financial crisis and fears of a U.S. recession have sent the broad Standard & Poor's 500-stock index down 13% since its peak in October. BusinessWeek asked financial information provider Capital IQ to analyze how this stock market correction has affected CEOs of major U.S. companies.
The resulting data show that market forces have chewed up the portfolios of even the savviest chief executives. Capital IQ estimates that since October, six CEOs have lost more than $1 billion through holdings of their companies' stock: Larry Ellison of Oracle (ORCL), Michael Dell of Dell (DELL), Micky Arison of Carnival Corp. (CCL), Jeffrey Bezos of Amazon.com (AMZN), Eric Schmidt of Google (GOOG), and Rupert Murdoch of News Corp. (NWS).
More than 20 CEOs on the list have lost more than $100 million. The pain is widespread, too. Of the 450 major company CEOs analyzed, only about 90 escaped the last four months without losses. The markets were so difficult that only 13 of that group were able to achieve what these CEOs would typically take for granted -- gains of more than $10 million each.
link:
http://www.msnbc.msn.com/id/22950851/
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