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2021-06-02 11:14:46
The WSJ has just released its annual ranking of the highest paid and rewarded CEOs among S&P 500 companies. In which, although Apple is the most valuable company, CEO Tim Cook only ranks it. 171/500 in terms of salary and bonus, a rather modest number.
The S&P 500 ranks US companies by market capitalization. Not surprisingly, Apple comes in at number one, with a market capitalization of over $2 trillion. Apple accounts for nearly 6% of the total value of the top 500 companies in the US, an extremely impressive number.
But according to the WSJ, CEO Tim Cook is paid a salary and bonus in 2020 of $ 14.7 million. This is only slightly above the S&P 500 CEO average, which is $13.4 million.
The CEO with the highest salary and bonus is Chad Richison, founder and CEO of Paycom Software, with a value of more than 200 million USD in 2020. However, he also benefits greatly from the stock price. The company has grown significantly in the past year.
According to the WSJ, most CEO bonus packages are mainly corporate stock or stock options, as the board wants to tie the CEO’s salary to the interests of shareholders as a whole. As a result, when the stock price rises, the CEO’s pay and bonuses will also increase significantly.
However, CEO Tim Cook is still not as “suffering” as Elon Musk. According to the list above, Elon Musk is the CEO with the lowest salary and bonus as reported by the company. The reason is that Elon Musk announced that he will not receive a salary from Tesla in 2020. However, in 2020, billionaire Elon Musk’s fortune has increased significantly thanks to the strong growth of Tesla’s shares.
Reference: 9to5mac
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