James Crowe, former Level 3 CEO
In his last year as CEO, Crowe received a $40.7 million pay package -- more than triple the $11.3 million compensation he earned in 2011. His 2012 pay included a $1.2 million salary, $2.1 million bonus, equity awards valued at $37.1 million, and $397,323 in perks and other compensation. The company, meanwhile, increased revenue by 1% to $6.4 billion (compared to $6.3 billion in 2011). Its net loss narrowed to $422 million, compared to a net loss of $875 million a year earlier. Crowe’s successor is Jeff Storey, who was appointed Level 3’s CEO and president in April 2013.