Angela Ahrendts, Apple’s senior vice president of retail and online stores, was the highest-paid female executive in the U.S. last year, according to Bloomberg News data.
The former chief executive officer of London-based fashion retailer Burberry Group received $82.6 million in 2014, Bloomberg News said. Ahrendts, 54, joined Apple in May 2014 and became the first woman on its management team.
Ahrendts’s pay included a sign-on bonus and a make-whole grant for awards left behind at Burberry. The pay package is valued at $105.5 million. Josh Rosenstock, a spokesman for Apple, wouldn’t comment on her compensation.
Yahoo’s Marissa Mayer was the country’s highest-paid female CEO. The 39-year-old was awarded $59.1 million in 2014, making her No. 3 among the eight women on the Bloomberg Pay Index, a daily ranking of the top-paid U.S. executives. Her compensation, more than 95 percent of which is composed of stock and options, has fallen in value to $45 million, according to data compiled by Bloomberg.
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Yahoo spokeswoman Rebecca Neufeld declined to comment.
Oracle’s Safra Catz was No. 2 on the ranking after receiving $71.2 million in fiscal 2014 for her role as chief financial officer. Catz was named co-CEO after the company’s fiscal 2014 year ended. In connection to her promotion, she received 500,000 options and 125,000 performance stock units, according to a September filing.
Oracle spokeswoman Deborah Hellinger declined to comment.
The Bloomberg pay ranking also calculates pay for performance using an executive’s compensation as a percentage of a company’s economic profit, defined as after-tax net operating profit minus its cost of capital.
By that measure, Apple’s Ahrendts delivered the best rating among all women on the ranking. Her pay is equal to 0.3 percent of the company’s $28.6 billion three-year average economic profit.
Lockheed Martin CEO Marillyn Hewson delivered the third-best dollar-for-dollar performance among the women on the index. The defense contractor’s quarterly revenue has slumped 16 percent since she took over the company in January 2013, and earnings have risen more than 54 percent.
Larisa Cioaca, a spokeswoman for Lockheed, declined to comment.
Hewson’s 2014 pay, valued at $36.7 million at year’s end, is 2.9 percent of Lockheed’s three-year average economic profit of $1.28 billion.
“She’s well respected by her customers, and frankly that goes a long way when you have programs that periodically face challenges,” said Howard Rubel, an analyst with Jefferies.
Other female executives on the ranking include Mylan CEO Heather Bresch, who received $40 million, and Martine Rothblatt, co-CEO and chairman of United Therapeutics, with $33.3 million in awarded pay.