A new report reveals how much America's top CEOs pull in.
This week's newsletter is written by CNBC Make It work editor Hanna Howard. You can follow Hanna on Twitter @_hannahoward. Earlier this week, the Equilar 100 gave an early look into which CEOs took home the most pay in the past year. The report looks at the 100 largest companies by revenue, based on 2021 proxy statements filed by March 31 of this year. Last year, six women CEOs cracked the list. In 2022, nine made it, with Walgreens Chief Executive Roz Brewer ranking highest among that cohort. She's the 14th highest-paid CEO on the list, making $28.3 million in total compensation. That's a lot of money — but still nowhere close to the $177.9 million (including about $170 million in stock and option awards) that the No. 1 CEO on the list, Intel's Patrick Gelsinger, was paid. In fact, all of the women who made the list hover within $10 million of the $20 million median CEO pay. |
Here's how the rest of the women on the list made out, factoring in stock and option awards as well as salary for their total pay package: No. 15: UPS CEO Carol Tome ($27.6 million) No. 24: General Dynamics CEO Phebe Novakovic ($23.6 million) No. 29: Accenture CEO Julie Sweet ($23.1 million) No. 45: Citigroup CEO Jane Fraser ($20.5 million) No. 64: Duke Energy CEO Lynn Good ($16.2 million) No. 78: Progressive CEO Susan Paticia Griffith ($14.5 million) No. 85: Occidental Petroleum CEO Vicki Hollub ($11.1 million) No. 87: Oracle CEO Safra Catz ($10.6 million)
"It is discouraging to see how underrepresented women are at the top and how overrepresented they continue to be at the bottom of the income scale," Sarah Anderson, an executive compensation expert at the progressive think tank Institute for Policy Studies, told my colleague Harriet Taylor.
Of course, even if women CEOs are both underrepresented at the top and overrepresented on the lower end of the pay scale, it's important to note they're making far more than most employees. The gap between what CEOs made and what the average worker earned widened by 7% last year — the $20 million median CEO compensation is 254 times more than what the average worker was paid.
Still, the new data provides a valuable look into how women at the top stack up against their male counterparts, and what gaps persist even in the highest echelons of the C-suite.
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