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KEY TAKEAWAYS
- A watchdog group ranked CEOs by how overpaid they’re and created an inventory of the 100 with probably the most “exorbitant pay.”
- The 100 most overpaid CEOs on the checklist have been paid $3.8 billion collectively, and underperformed for his or her firm shareholders, the group stated.
- The CEOs have been ranked based mostly on their corporations’ returns for shareholders, their pay in comparison with staff, and what number of shareholders voted towards their pay packages.
On the subject of govt salaries, shareholders aren’t getting their cash’s value—a minimum of at sure corporations, a chart of overpaid CEO firm efficiency reveals.
As You Sow, a company accountability watchdog group, ranked the highest 100 most overpaid CEOs by analyzing the returns and reinvested dividends their corporations generated for shareholders, the proportion of shareholders who voted towards their pay packages, and the way way more the CEOs made than typical staff. Probably the most overpaid, of their evaluation, was Warner Brothers Discovery (WBD) chief David M. Zaslav, who was paid practically 1 / 4 billion {dollars} in 2022 solely to ship a five-year annualized whole shareholder return of -11.6%. The chart under reveals how the highest 10 most overpaid CEOs carried out relative to the S&P 500.
“As a gaggle, overpaid CEOs haven’t delivered the anticipated monetary outcomes for the corporate based mostly on their exorbitant pay,” the researchers stated within the report.
Out of $7.7 billion a yr paid to all of the CEOs of the businesses within the S&P 500, $3.8 billion went to the highest 100 most overpaid CEOs on As You Sow’s checklist—greater than $2 billion greater than they need to get, the group calculated.
See the highest 20 CEOs under:
CEO | Firm | CEO Pay | Median Employee Pay | Market Cap |
David M. Zaslav | Warner Bros. Discovery, Inc. | $246.57 million | $82,964 | $37.18 billion |
Fabrizio Freda | Estee Lauder Firms Inc. | $66.00 million | $33,586 | $89.14 billion |
Jay A. Snowden | Penn Nationwide Gaming, Inc. | $65.89 million | $33,930 | $4.99 billion |
Patrick Gelsinger | Intel Company | $178.59 million | $104,400 | $116.66 billion |
Glenn D. Fogel | Reserving Holdings Inc. | $53.98 million | $58,005 | $96.71 billion |
William R. McDermott | ServiceNow, Inc. | $165.80 million | $233,859 | $91.65 billion |
James Dimon | JPMorgan Chase & Co. | $84.43 million | $92,112 | $415.99 billion |
Robert G. Goldstein | Las Vegas Sands Corp. | $31.20 million | $35,879 | $43.43 billion |
Andrew R. Jassy | Amazon.com, Inc. | $212.70 million | $32,855 | $1.01 trillion |
Timothy D. Cook dinner | Apple Inc. | $98.73 million | $68,254 | $2.43 trillion |
Ronald F. Clarke | FleetCor Applied sciences, Inc. | $57.92 million | $41,265 | $15.81 billion |
David J. Lesar | CenterPoint Power, Inc. | $37.81 million | $103,170 | $18.29 billion |
James Quincey | Coca-Cola Firm | $24.88 million | $13,894 | $256.10 billion |
Rosalind G. Brewer | Walgreens Boots Alliance Inc | $28.33 million | $26,255 | $31.33 billion |
Ernie L. Herrman | TJX Firms Inc | $31.80 million | $14,139 | $92.00 billion |
Richard Beckwitt & Jonathan M. Jaffe | Lennar Company | $68.09 million | $101,561 | $28.77 billion |
DavidW. Gibbs | Yum! Manufacturers, Inc. | $27.59 million | $13,082 | $36.88 billion |
John J. Donahoe II | NIKE, Inc. | $32.92 million | $36,077 | $191.80 billion |
Andrew Wilson | Digital Arts Inc. | $39.17 million | $123,935 | $30.51 billion |
David V. Auld | D.R. Horton, Inc. | $30.57 million | $107,880 | $32.96 billion |
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