Walgreens CEO Roz Brewer was once the best possible paid feminine leader govt in 2021, consistent with a brand new Equilar find out about. Brewer was once awarded $28.3 million in reimbursement – $20.2 million within the type of inventory awards.
Equilar’s find out about appeared on the 100 biggest firms through earnings which filed 2021 proxy statements through March 31. Despite the fact that some firms haven’t begun to post proxy statements, this new information supplies an early take a look at how issues are shaping up for ladies on the most sensible.
There have been 9 feminine CEOs in that staff, up from six in the similar duration the prior yr. However there have been 0 ladies a few of the most sensible 10 best possible paid CEOs total.
The highest paid CEO final yr was once Intel’s Patrick Gelsinger, who was once awarded $177.9 million — just about $170 million of that during inventory and possibility awards. Apple CEO Tim Prepare dinner ranked quantity two with general reimbursement of $98.7 million — $82.3 million of that during inventory awards.
They had been adopted through Broadcom CEO Hock Tan ($60.7 million), Microsoft CEO Satya Nadella ($49.9 million), Constitution Communications CEO Tom Rutledge ($41.8 million) and Goldman Sachs CEO David Solomon ($39.5 million).
Walgreens CEO Brewer was once the 14th best possible paid leader govt.
Here’s how the remainder of the ladies at the checklist made out, factoring in inventory and possibility awards in addition to wage for general pay package deal: #15 UPS CEO Carol Tome ($27.6 million), #24 Normal Dynamics CEO Phebe Novakovic ($23.6 million), #29 Accenture CEO Julie Candy ($23.1 million) #45 Citigroup CEO Jane Fraser ($20.5 million), #64 Duke Power CEO Lynn Excellent (16.2 million) #78 Innovative CEO Susan Griffith (14.5 million) #85 Occidental Petroleum CEO Vicki Hollub (11.1 million) and #87 Oracle CEO Safra Katz ($10.6 million).
“It’s discouraging to look how underrepresented ladies are on the most sensible and the way overrepresented they remain on the backside of the source of revenue scale,” stated Sarah Anderson, an govt reimbursement knowledgeable on the modern suppose tank Institute for Coverage Research.
Large image, the brand new information expose CEO pay got here surging again from pandemic plunges. Firms rewarded leaders who caught round and urged companies via pandemic turbulence amid emerging employee unrest. A roaring inventory marketplace additional boosted the price of leader executives’ stock-based reimbursement.
Apple CEO Prepare dinner’s pay higher 569% between 2020 and 2021, the information display. (Intel CEO Gelsinger took the helm in 2021 so there is not any yr over yr comparability.) The median general reimbursement for leader executives soared to $20 million in 2021, a 30.8% building up over 2020.
The brand new information additionally expose widening a pay hole between corporate executives and their workforces. The CEO Pay Ratio – the ratio of CEO to median employee reimbursement – higher through 7% over the prior yr.
“They truly simply let unfastened in 2021 and had been considering conserving their executives satisfied and no longer being concerned as a lot about what was once going down at the employee finish,” stated Anderson. “Ultimately, or even within the quick run, it is not going to be excellent for the base line.”
In 2021, CEOs made $254 for each and every $1 the common employee made.
The median pay for employees rose from $68,883 in 2020 to $71,869 in 2021, a 4.3% building up which didn’t stay alongside of unexpectedly emerging inflation.
“We are seeing that the skyrocketing company income – the advantages of that – were funneled as much as the highest of the company ladder and employees, lots of whom are at the frontlines of the disaster, have no longer been reaping the rewards,” stated Anderson.
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