How A lot Are CEOs Paid? Highest Chief Government Pay Packages


CEO salaries are rising on the largest corporations within the U.S., whereas worker wages concurrently develop however at a slower fee.

A Monday study created for the Related Press by Equilar paints a broad image of pay packages awarded to a whole lot of CEOs final yr.

The examine targeted on S&P 500 corporations, narrowing the listing to 341 CEOs of their positions for no less than two consecutive years to keep away from inflated numbers attributable to sign-on bonuses.

Associated: Employment Report for April Shows Employers Are Taking Hiring Down a Notch, Employee Wage Growth Slowing

The researchers took public knowledge from proxy statements filed by these corporations between January 1 and April 30 and pinpointed how a lot CEOs made in comparison with staff in the midst of the corporate’s pay hierarchy.

They discovered that final yr’s midpoint pay bundle for CEOs, together with base wage, bonuses, perks, and inventory awards, was $16.3 million, a 12.6% improve from 2022.

The midpoint base wage for CEOs was $1.3 million, up 4% from 2022, whereas inventory awards grew by 10.7% to $9.4 million.

On the similar time, wages for personal business employees rose by a decrease 4.1%.

“At half the businesses on this yr’s pay survey, it will take the employee on the center of the corporate’s pay scale virtually 200 years to make what their CEO did,” AP stated.

This discrepancy is extra acute on the prime of the charts, the place CEO pay packages at Apple, Broadcom, and Netflix are greater than 200 occasions what the median worker makes.

At Apple, for instance, it will take an worker in the midst of the corporate pay hierarchy 672 years to make as a lot as CEO Tim Cook dinner makes in a yr.

Associated: Here’s Why Most CEOs Don’t Take Pay Cuts to Avoid Layoffs

Who’re these high-earning CEOs? Broadcom CEO Hock E. Tan tops the listing with a pay bundle of about $162 million.

Broadcom has capitalized on the AI increase by making customized AI chips for main corporations. The majority of Tan’s compensation consists of inventory awards valued at $160.5 million.

Although Tesla’s Elon Musk isn’t on the listing, Musk could obtain a historic $56 billion pay bundle if Tesla shareholders vote to ratify it at Tesla’s June 13 annual assembly.

Associated: Tesla to Shareholders: Approve CEO Musk’s Record-High Pay

Listed below are the 5 CEOs with the very best pay packages in 2023, and the way a lot they make relative to a median worker on the firm.

1. Hock E. Tan

Hock Tan, CEO of Broadcom. Picture by Ying Tang/NurPhoto by way of Getty Photographs

Firm: Broadcom Inc.

Sector: Communications and Tech

Pay Package deal: $161,826,161

510 occasions greater than the median worker

2. William J. Lansing

Firm: Truthful Issac Company

Sector: Communications and Tech

Pay Package deal: $66,349,962

653 occasions greater than the median worker

3. Timothy D. Cook dinner

Tim Cook dinner, CEO of Apple. Photographer: David Paul Morris/Bloomberg by way of Getty Photographs

Firm: Apple Inc.

Sector: Communications and Tech

Pay Package deal: $63,209,845

672 occasions greater than the median worker

4. Hamid R. Moghadam

Firm: Prologis, Inc.

Sector: Actual Property

Pay Package deal: $50,891,597

400 occasions greater than the median worker

5. Theodore A. Sarandos

Firm: Netflix, Inc.

Sector: Communications and Tech

Pay Package deal: $49,834,936

248 occasions greater than the median worker

Click on here for the complete listing.

Leave a Comment

Your email address will not be published. Required fields are marked *