{"id":30734,"date":"2022-05-31T17:02:18","date_gmt":"2022-05-31T17:02:18","guid":{"rendered":"https:\/\/harchi90.com\/elon-musks-2021-pay-package-dwarfs-fortune-500-ceo-peers\/"},"modified":"2022-05-31T17:02:18","modified_gmt":"2022-05-31T17:02:18","slug":"elon-musks-2021-pay-package-dwarfs-fortune-500-ceo-peers","status":"publish","type":"post","link":"https:\/\/harchi90.com\/elon-musks-2021-pay-package-dwarfs-fortune-500-ceo-peers\/","title":{"rendered":"Elon Musk’s 2021 Pay Package Dwarfs Fortune 500 CEO Peers"},"content":{"rendered":"
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Tesla Inc<\/strong>‘s TSLA<\/span> Elon Musk<\/strong> is reportedly the highest-paid Fortune 500 CEO in the United States. Apple Inc<\/strong> AAPL<\/span> Nvidia Corp<\/strong> NVDA<\/span>and Netflix Inc<\/strong> NFLX<\/span> chief executives are some of the others who also feature in the list<\/p>\n

Musk Leads By A Big Margin<\/strong><\/p>\n

Musk, who also heads SpaceX,<\/strong> was the most compensated Fortune 500 CEO, according to a Fortune report. His 2021 compensation was worth $ 23.5 billion. He scored the biggest CEO payday last year after exercising Tesla stock options.<\/p>\n

The options were granted in his 2018 pay package and came in the form of 20.3 million stock option awards divided into 12 tranches of 1.69 million shares each. <\/p>\n

See Also:<\/em> How To Buy Tesla (TSLA) Stock<\/em><\/p>\n

Tim Cook: A Distant Runner-Up<\/strong><\/p>\n

Musk’s compensation puts him far ahead of the next closest contender on the list, Apple’s Tim Cook<\/strong>, who reportedly made $ 770.5 million last year. Most of his compensation for him was a part of a 10-year grant of shares which were worth $ 1.5 billion.<\/p>\n

Cook took home $ 14.7 million in 2020, his pay package swelled six-fold in 2021. His base salary in both years remained $ 3 million. <\/p>\n

As Apple’s valuation touched the $ 2 trillion mark, Cook turned a billionaire. Cook’s ownership of Apple has been incremental unlike founder-entrepreneurs like Musk and Meta Platforms Inc<\/strong> FB<\/span> CEO Mark Zuckerberg.<\/strong><\/p>\n

Jensen Huang Took Home $ 507M<\/strong><\/p>\n

Jensen Huang<\/strong>, CEO Of Nvidia, took home $ 507 million from expiring options granted in 2011 and 2012, according to Fortune, which cited an Nvidia spokesperson. In the period since the options were granted, Nvidia’s share price rose 60 fold.<\/p>\n

Top Bosses From Tech, Biotech Most Paid<\/strong><\/p>\n

Reed Hastings<\/strong>, the co-founder and CEO of Netflix took home $ 453.5 million, according to Fortune, which added that the figure was disputed. by a company spokesperson who put Hastings’ total 2021 granted compensation at $ 40.8 million. <\/p>\n

Other notables on the list of highly paid CEOs included Leonard Schleifer <\/strong>of Regeneron Pharmaceuticals Inc<\/strong> REGN<\/span> whose compensation in 2021 was $ 452.9 million and Marc Benioff<\/strong> of Salesforce Inc<\/strong> CRM<\/span> who garnered $ 439.4 million in the same year. <\/p>\n

Satya Nadella<\/strong> of Microsoft Corp<\/strong> MSFT<\/span> collected $ 309.4 million, while Robert A. Kotick<\/strong> of Activision Blizzard <\/strong>ATVI<\/span> scooped up $ 296.7 million. <\/p>\n

Average Employee Dwarfed, Outearned<\/strong><\/p>\n

The average big company CEO earned 351 times more than the average worker on a realized basis in 2020, according to data from the Economic Policy Institute, first noted on Fortune.<\/p>\n

CEOs at the top 350 firms were paid $ 24.2 million on average, according to the institute. Between 1978 and 2020, CEO pay rose 1,322%, more than the 817% S&P 500 growth registered in the same period.<\/p>\n

The disparity between pay between average workers and CEOs has only worsened. While in 2020 it was 351-to-1, it was 307-to-1 in 2019, and only 21-to-1 in 1965, according to the Institute.<\/p>\n

Read Next: <\/em>Apple CEO Tim Cook Donates $ 100,000 To His High School’s Band; Director Says ‘We Are Speechless’<\/em><\/p>\n

\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tesla Inc‘s TSLA Elon Musk is reportedly the highest-paid Fortune 500 CEO in the United States. Apple Inc AAPL Nvidia Corp NVDAand Netflix Inc NFLX chief executives are some of the others who also feature in the list Musk Leads By A Big Margin Musk, who also heads SpaceX, was the most compensated Fortune 500 …<\/p>\n

Elon Musk’s 2021 Pay Package Dwarfs Fortune 500 CEO Peers<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":30735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/cdn.benzinga.com\/files\/images\/story\/2022\/05\/31\/musk_01.jpg?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/cdn.benzinga.com\/files\/images\/story\/2022\/05\/31\/musk_01.jpg?width=1200&height=800&fit=crop","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/30734"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=30734"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/30734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/30735"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=30734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=30734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=30734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}