Female CEOs are doing better than ever on the compensation front, with median pay figured at $15.9 million, 21 percent higher than last year.
That compared with median pay for male CEOs of $10.4 million, which was down 0.8 percent from 2013.
Marissa Mayer, the CEO of Yahoo is at the pinnacle of the top 10 women CEO list, with a salary of $42.1 million.
The numbers come from executive compensation benchmarking firm Equilar and the Associated Press.
However, there remains a large gap between the number of female CEOs and male CEOs. The study of 340 CEOs included only 17 women.
Also, numbers can be tricky. Once they are sliced and diced, the picture comes into better focus.
Released along with the list of highest paid women CEOs, was another list – one that ranked highest paid CEOs, regardless of gender.
Mayer was the one woman to make that list – at No. 5.
As Fast Company pointed out after it crunched the annual paychecks every which way: The top two highest-paid male CEOs make more than all the top-paid female CEOs combined.
David Zaslav, the top executive at Discovery Communications, took in $156.1 million in 2014. Leslie Moonves, the CEO of CBS, made $54.4 million. Combined, that's about $210 million.
Here are the top 10 women CEOs by compensation:
- Marissa Mayer: Yahoo, $42.1 million
- Carol Meyrowitz: TJX Companies, $23.3 million
- Meg Whitman: Hewlett-Packard, $19.6 million
- Indra Nooyi: PepsiCo, $19.1 million
- Phebe Novakovic: General Dynamics, $19 million
- Virginia Rometty: IBM, $17.9 million
- Marillyn Hewson: Lockheed Martin, $17.9 million
- Patricia Woertz: Archer Daniels Midland, $16.3 million
- Irene Rosenfeld: Mondelez International, $15.9 million
- Ellen Kullman, DuPont, $13.1 million
Other key findings from Equilar:
- For the first time since 2011, a female executive (Marissa Mayer of Yahoo!) made the list as one of the top 10 highest-paid CEOs with a total compensation of $42.1 million.
- The four highest paid executives – David Zaslav, Leslie Moonves, Philippe Dauman, and Robert Iger—have all appeared in the top 10 since the study was first published.
- For CEOs in the current study, median pay increased 0.8 percent between 2013 and 2014 from $10,521,653 to $10,611,031.
- On average, pay packages in 2014 were composed of 61 percent equity, 36 percent cash and 3 percent other compensation.
Female CEOs are outpacing their male colleagues in pay, although they remain vastly outnumbered in the top echelons of American companies.