World Highest Paid CEOs of S&P 500 Firms: Alongside the Board of Administrators, CEOs play an important function in driving the corporate and influencing its success; because of this, firms provide them profitable pay packages to boost company efficiency.
Notably, within the final ten years, the usual CEO pay at S&P 500 corporations elevated by greater than $4 million to a median of $17.7 million in 2023, AFL-CIO stories, with the median pay bundle of CEOs rising to $16.3 million, up 12.6%, as per the Related Press by Equilar.
Moreover, the CEO’s pay in S&P 500 corporations has elevated 6 per cent in comparison with the earlier 12 months—that’s a median of $17.7 million in complete compensation, AFL-CIO highlights.
With the financial system demonstrating exceptional resilience—supporting sturdy income and enhancing inventory costs—CEOs had been rewarded for his or her efficiency, leading to elevated compensation, with round two dozen CEOs receiving pay will increase of fifty% or extra within the AP’s annual survey.
Prime 10 highest-paid CEOs at S&P 500 corporations FY 2023:
Earlier this 12 months, AP survey carried out a CEO compensation examine that ranked the highest-paid CEOs, which included pay knowledge for 341 executives from S&P 500 corporations, who served for no less than two consecutive fiscal years.
| Rank | Identify | Firm | Complete Compensation (in {dollars}, million) |
| 1 | Hock Tan | Broadcom Inc. | $161,826,161 |
| 2 | Nikesh Arora | Palo Alto Networks Inc. | $151,425,203 |
| 3 | Stephen Schwarzman | Blackstone Inc. | $119,784,375 |
| 4 | Christopher Winfrey | Constitution Communications, Inc. | $89,077,078 |
| 5 | William Lansing | Truthful Isaac Corp. | $66,349,962 |
| 6 | Tim Prepare dinner | Apple Inc. | $63,209,845 |
| 7 | Hamid Moghadam | Prologis, Inc. | $50,891,597 |
| 8 | Ted Sarandos | Netflix Inc. | $49,834,936 |
| 9 | David M. Zaslav | Warner Bros. Discovery, Inc. | $49,702,546 |
| 10 | Satya Nadella | Microsoft Corp. | $48,512,537 |
Desk Supply: Equilar
Be aware: The record is of the highest-paid CEOs at S&P 500 corporations in FY23, with the info as per corporations’ proxy statements submitted from January 2024 to April 2024.
*The S&P 500 is a inventory market index that measures the inventory efficiency of 500 of the biggest publicly traded corporations in america.*
Key highlights:
Broadcom’s CEO, Hock Tan, had a $162 million pay bundle and $160.5 million in inventory awards for the 2023 fiscal 12 months. Like its rival Nvidia, the corporate is experiencing a surge in synthetic intelligence with its chips utilized by numerous companies and public entities.
Below Tan’s management, the corporate famous that the market worth has elevated from $3.8 billion in 2009 to $645 billion, and its complete shareholder return has surpassed that of the S&P 500.
Following Tan, is Nikesh Arora, an Indian-origin chief govt, who has risen to the second spot because the highest-paid CEOs record in 2023, with a pay cheque of $151.43 million (round Rs 1,257 crore) in 2023.
With a profession that features a number of high-profile roles within the tech and monetary sectors, the corporate has defended its compensation by stating that the manager has demonstrated a “sturdy efficiency.”
The Board famous, “Given Mr. Arora’s substantial vested possession and the projected vesting quantity over the following a number of years, we decided {that a} important fairness award was essential to retain and interact Mr. Arora.”
Since assuming the function in 2014, Nadella has enhanced Microsoft’s database, Home windows Server, and developer instruments by integrating them with the Azure cloud.
Different CEOs on the high of AP’s survey are William Lansing of Truthful Isaac Corp, ($66.3 million); Tim Prepare dinner of Apple Inc. ($63.2 million); Hamid Moghadam of Prologis Inc. ($50.9 million); and Ted Sarandos, co-CEO of Netflix ($49.8 million).
An Outlook on Girls CEOs:
The AP survey indicated that whereas extra girls participated than in earlier years, their illustration in govt positions stays low in comparison with that of their male counterparts, as out of the 341 CEOs surveyed, solely 25 had been girls.
Nevertheless, on the constructive facet, the median pay bundle for girls CEOs elevated by 21% to $17.6 million.
Su is the highest-paid feminine CEO for the fifth consecutive 12 months in fiscal 2023, with a compensation bundle valued at $30.3 million.
Different top-paid feminine CEOs embody Mary Barra of Basic Motors, Jane Fraser of Citigroup, Kathy Warden of Northrop Grumman Corp., and Carol Tomé of UPS Inc.
