th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

Which PH Firms Give the Highest Average Pay to Its Top Executives?

It's the closest we can get to taking a peek at their payslips
By Pauline Macaraeg |

 

 

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.

 

 

Related story: How Does Top Government Pay Compare to Lotto Winnings? 

 

 

Towards this end, Entrepreneur Philippines compiled the reported executive compensation in 2016 of the country’s biggest listed companies. We limited the list to the 25 largest firms by market capitalization as of the end of second quarter in 2017. After gathering the total compensation, we computed the average pay of the top-paid executives and ranked them 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.

 

 

Related story: Who are the Highest-Paid Presidents of State Colleges and Universities? 

 

 

*****

 

 

Pauline Macaraeg is Entrepreneur PH's data journalist. Follow her on Twitter @paulinemacaraeg. With additional research by Leslie Baquirin

Latest Articles

Duterte Praises the Zobel de Ayalas and Aboitizes as Responsible Business Owners

Though often critical of the elite, the president asks where would Davao and Makati be without the...

byPauline Macaraeg | November 22, 2017 10:00:00

Got Extra Dollars? Invest in Electronics Maker Cirtek’s Dollar-Denominated Preferred Shares and Earn 6.125% p.a.

The share offer will last only until November 29, 2017

byLorenzo Kyle Subido | November 22, 2017 10:00:00

Do We Prefer Leaders Who Are More Like Dictators?

Leadership books will tell you a democratic, all-inclusive leadership style is best. Here's why...

byRajeev Peshawaria | November 22, 2017 08:00:00

How to Leave the Hustle Behind and Focus on What Matters

Working hard is a virtue, but too much of anything can become toxic

byJennifer Spencer | November 22, 2017 06:00:00

Twitter Can Take Away Your 'Verified' Blue Checkmark Based on What You Do Offline

Twitter has updated its guidelines for verified accounts after backlash over issuing verification...

byLydia Belanger | November 22, 2017 02:00:00

Are You 'Scared of Success'? 5 Mindset Hurdles All Entrepreneurs Must Clear

To be successful, entrepreneurs must conquer these five fears before they find success

bySujan Patel | November 22, 2017 00:00:00

Google is Looking for PH's Best Ads on YouTube

Does your video have what it takes to be the best?

byNicai de Guzman | November 21, 2017 14:00:00

When It Comes to iPhones, PH’s Poorer Regions Seem Keener on Costlier Models Than Richer Areas

Telcos offer attractive plans for the new iPhone 8 as most Pinoy buyers find them too pricey

byPauline Macaraeg | November 21, 2017 13:00:00

Financial Adviser: 5 Retail Strategies Used by Zalora Philippines to Overcome Ecommerce Challenges

Zalora is the largest online fashion store in the country today

byHenry Ong | November 21, 2017 12:00:00

Duterte Turns to China to End Telco 'Duopoly' in PH

President Duterte offered the "privilege" of operating a telco to China during bilateral talks last...

byLorenzo Kyle Subido | November 21, 2017 10:00:00

Here Is a Strategy For Making Yourself Irreplaceable Before AI Learns to do Your Job

The best way to avoid losing your job to a robot is learn how to do your job working with one

bySam McRoberts | November 21, 2017 08:00:00

(Infographic) How to Master Meetings

Steps to solving conference call woes and make the most of your meetings

byEmily Conklin | November 21, 2017 06:00:00