Billboard followed the money to determine who's pulling in the largest (and smallest) paychecks in the industry: from the tens of millions in equity awards reaped by Apple executives to a radio-station mascot's minimum wage.
* CEO -- Pandora chairman/CEO Brian McAndrews’ $500,000 salary is small compared with that of many record-label heads, but like many executives in this sector, he makes most of his money from performance-based incentives. (In order to tie compensation to performance, companies have increasingly paid top executives with stock-based rewards.) In 2014 he earned a $455,000 bonus on top of his salary, plus "Other" compensation of $25,448. In 2013 he was given stock and option awards valued at $28.8 million. But those numbers can be deceiving, because they hold only paper value until exercised. Pandora shares have lost half their value since their early-2014 peak of $39.31, but moving the company into the black could make McAndrews millions.