CEO pay has skyrocketed in recent times, with latest government pay filings at prime firms cementing the pattern.
Compensation figures for 2024 launched final week by filings with the U.S. Securities and Alternate Fee confirmed that total CEO pay elevated in comparison with 2023, together with $10 million extra for Apple’s Tim Prepare dinner and a 26% bump for Goldman Sachs’ David Solomon.
In keeping with the Financial Coverage Institute (EPI), CEOs had been paid 290 instances greater than the typical employee in 2023 — in comparison with 21 instances as a lot in 1965.
Here is how eight CEOs had been compensated in 2024, from Starbucks’ Brian Niccol to Qualcomm’s Cristiano Amon.
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Brian Niccol
Brian Niccol. Photograph by Robin Marchant/Getty Photos
Title, firm: CEO of Starbucks
2024 compensation: $96 million ($61,538 in wage plus a $5 million money bonus and $90 million in inventory awards)
2023 compensation: He earned $22.5 million in 2023 at Chipotle.
Niccol, 50, started main Starbucks on September 9 and was beforehand CEO of Chipotle. The $90 million he earned in inventory awards in 2024 got here from Starbucks shopping for out the Chipotle shares he forfeited when he left Chipotle.
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Tim Prepare dinner
Tim Prepare dinner. Photograph by Beata Zawrzel/NurPhoto by way of Getty Photos
Title, firm: CEO of Apple
2024 Compensation: $74.6 million ($3 million wage plus the rest in inventory awards)
2023 compensation: $63.2 million
Prepare dinner, 64, earned $74.6 million in 2024, over $10 million extra than he made in 2023. His base wage has remained $3 million for the previous three years. Prepare dinner famously took a 40% pay reduce in 2023 after a shareholder vote revealed that the share of Apple shareholders who supported his pay declined from 94.9% in 2021 to 64% in 2022.
Bob Iger
Bob Iger. Photograph by Michael Buckner/Selection by way of Getty Photos
Title, firm: CEO of Walt Disney Co.
2024 compensation: $41.1 million ($1 million wage plus the rest in money bonus and inventory awards)
2023 compensation: $31.6 million
Iger, 73, made about 30% extra in 2024 than he obtained in 2023 due to Disney’s field workplace efficiency and its newfound profitability in streaming. Disney Plus, Hulu, and ESPN Plus made $321 million in revenue in the course of the fourth quarter of 2024 and $47 million within the third quarter, the first two quarters that streaming was worthwhile for Disney.
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David Solomon
David Solomon. Photograph by Jeenah Moon/Bloomberg by way of Getty Photos
Title, firm: CEO of Goldman Sachs Group Inc.
2024 compensation: $39 million ($2 million wage plus $8.3 million in money bonuses, with the rest in inventory awards)
2023 compensation: $31 million
Solomon, 63, noticed his compensation in 2024 enhance 26% from 2023. He and Goldman president and chief working officer John Waldron every obtained retention bonuses of $80 million in restricted inventory this month. The bonuses vest in January 2030, so provided that Solomon and Waldron select to remain on the firm for an additional 5 years.
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Jamie Dimon
Jamie Dimon. Photograph by Manuel Orbegozo/Bloomberg by way of Getty Photos
Title, firm: CEO of JPMorgan Chase & Co.
2024 compensation: $39 million ($1.5 million wage plus the rest in money bonus and inventory awards)
2023 compensation: $36 million
Dimon, 68, made 8.3% extra in 2024 after JPMorgan posted its highest annual revenue but in 2024. The financial institution had a record-high internet earnings of $58.5 billion in 2024.
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Cristiano Amon
Cristiano Amon. Photograph by Rita Franca/NurPhoto by way of Getty Photos
Title, firm: CEO of Qualcomm
2024 compensation: $25.9 million ($1.35 million wage plus the rest in inventory awards)
2023 compensation: $23.5 million
Amon, 54, stepped into the CEO position in 2021 and has been at Qualcomm for 27 years. He made near double the compensation of some other government, with chief know-how officer James Thompson taking dwelling the second-biggest pay at $13 million.
Paul Reilly
Paul Reilly. Photograph by Scott Eells/Bloomberg by way of Getty Photos
Title, firm: CEO of Raymond James Monetary
2024 compensation: $24.05 million ($750,000 wage plus a $11.65 million money bonus and the rest in inventory awards)
2023 compensation: $20.55 million
Reilly, 70, is about to go away the CEO place on February 20 and transition to the position of government chairman. His achievements embrace recruiting advisors who made $335 million in mixed income in 2024 and making a enterprise continuity program. He made 17% extra in 2024 than in 2023.
Jenny Johnson
Jenny Johnson. Photograph by Hollie Adams/Bloomberg by way of Getty Photos
Title, firm: CEO of Franklin Templeton Investments
2024 compensation: $17.2 million ($750,000 wage plus the rest in inventory awards)
2023 compensation: $15.1 million
Johnson, 60, has had a 35-year profession at Franklin Templeton, culminating in changing into CEO in 2020. Franklin Templeton was based in 1947 by her grandfather, Rupert H. Johnson Sr.