Buzz
Recent Bloomberg statistics indicate that Tesla's CEO, Elon Musk, earned over $10 billion in 2021, surpassing both Apple's Tim Cook and Rivian Automotive's Robert Scaringe.
Among the top 14 CEOs listed by Bloomberg, the remaining 13 include: Robert Scaringe, CEO of Rivian Automotive, earning $2.3 billion; Apple's CEO Tim Cook, leading the world's most valuable and cash-rich company, brought in $853 million in 2021; Lucid Motors' CEO Peter Rawlinson earned $575 million. Additionally, there are Tom Siebel of C3 software company, Joe Bae of private equity firm KKR, and Sue Nabi of global beauty company Coty.
The majority of these CEOs' compensation comes from various sources, including stocks, salaries, bonuses, stock option rewards, deferred compensation, and other perks and privileges associated with their positions.
According to experts, the amounts earned by these CEOs and their rankings and lists could see significant changes in 2022, due to the stock market decline in the first half of the year, rising interest rates, and soaring inflation. All of these factors directly impact the compensation packages of such highly paid CEOs.
However, overall, CEO salaries are expected to continue rising.
CEOs are typically the highest-paid employees in any business, sometimes earning up to 1,000 times the amount an ordinary employee earns.
The annual survey by the AFL-CIO on executive pay recorded that the average CEO salary (among the top 500 CEOs worldwide) increased by 18% in the past year, making it 324 times that of a typical worker in similar companies.
'This will always be a paradox. No matter what is happening, even as inflation rises, the cost of living decreases while oil prices, gasoline prices increase, the truth remains 'more for them and less for us'' - Fred Redmond, secretary-treasurer of the AFL-CIO, said.
(Compilation)
