BMS Chair was paid $146 million in 1998

[James Love <love@cptech.org>]

****   Bristol-Myers Squibb Chairman
       Charles A. Heimbold Jr.
       received an estimated $146 million
       in compensation last year

http://philanthropy-journal.org/giving/bizleaders1222.cfm

December 22, 1998
Business leaders' giving runs the gamut

The amount of compensation received by chief executives of the
nation's largest companies has little to do with how much those
executives give to charity, the New York Times reports.

Times reporters examined the compensation packages of the leaders of
the largest companies and contrasted that with their charitable
donations. The Times concluded "the biggest earners are not necessarily
the biggest givers."

Some executives did share their wealth. SunAmerica chairman Eli Broad
gave away $11.6 million last year after receiving a compensation
package estimated at nearly $150 million, the Times reports.

Citigroup chairman and co-chief executive officer Sanford I. Weill -
who received an estimated $227 million in compensation - pledged
$100 million over several years to Cornell University's medical school,
the Times reports.

Others weren't as generous.

Nabors Industries Chairman Eugene M. Isenberg received an estimated
$209 million in compensation last year compared to donations of $2.5
million. Bristol-Myers Squibb Chairman Charles A. Heimbold Jr.
received an estimated $146 million last year, contrasted with an
estimated $5 million in charitable donations.

Most of the executives contributed to community-based efforts and
educational, health-care and religious causes, the Times reports.


-- 
James Love, Director, Consumer Project on Technology
I can be reached at love@cptech.org, by telephone 202.387.8030,
by fax at 202.234.5176. CPT web page is http://www.cptech.org