Most CEO pay is based on a combination of salary and benefits such as stock options and stock grants. According to Fortune, Musk is the most compensated CEO of Fortune 500 firms. Musk, the richest man in the world with a net worth believed to be $218.1 billion, cashed in from a grant ofTesla stock options he was awarded in the year of 2021.
Apple’s valuation has gone up by more than $2 trillion under Tim Cook.
Musk took home a remarkable $23.5 billion last year, but most of it came from the exercise of stock options. The second highest-paid executive in the Fortune 500 last year was Tim Cook. Cook’s windfall came from cashing in part of a grant of Apple shares that were worth a total of $1.7 billion.
Apple CEO Tim Cook took in a huge amount of money between pay and stock grants last year.
According to Fortune, Apple’s market value has risen by $2.2 trillion since Cook replaced Steve Jobs. This was mentioned as a way to prove Cook’s huge pay. Is Cook entitled to a huge paycheck for himself if he made more than $2 trillion for Apple stockholders?
Jensen Huang made only $561 million in the year 2021. The company is a global leader in hardware and software. A company spokesman said that Huang “realized about $507 million from expiring options that had been granted in 2011 and 2012 reflecting the approximately 60x increase in the company’s share price over the past ten years.”
There was a 30% increase in the median paycheck for Fortune 500 CEOs in the year 2021.
Reed Hastings is the CEO of the video streamer. According to Fortune, Hastings took in more than $450 million last year. The total amount of pay listed on the company’s proxy statement was $650,000 in cash and $37 million in stock options. It’s still a lot of money, but not close to $450 million.
Microsoft’s Satya Nadella is the seventh most paid CEO in the Fortune 500. It’s hard to argue that someone is under appreciated when he is getting paid $309.4 million a year, but that’s what happened to Nadella for the sixth year in a row.
The median total compensation for the Fortune 500 CEOs increased by 30% last year. Those who run the top tech firms are paid well for the hours and sweat that they put into their job.