The Highest-Paid Woman CEO Was Born A Man
Posted: Tue Jun 10, 2014 12:08 am
Martine Rothblatt
By Henry Blodget
InsideBusiness.com
Next time you're contemplating the pay gap between male and female executives, put this fact in your pipe and smoke it:
The highest-paid woman CEO was born a man.
That's what the New York Times' Claire Cain Miller observed in her recent article about a study of CEO pay.
The CEO in question is named Martine Rothblatt. She was born Martin Rothblatt. She founded Sirius Satellite Radio in 1994, as Martin, then had a sex-change operation. Then she founded United Therapeutics in 1996 and has served as its CEO ever since. She made $38 million last year, mostly in stock options.
That $38 million put Ms. Rothblatt a fair ways above the second-highest paid woman CEO on the New York Times' list, Marissa Mayer of Yahoo. Mayer made $25 million.
Those are big pay packages. And, in fact, the average female CEO on the list makes only $1.6 million less than the average male CEO (a statistical wash, apparently, once you adjust for relative ages and experience).
Read more: http://www.businessinsider.com/the-high ... z34D0to4nX