You rarely read about CEO pay cuts. According to Barron’s April report, the CEOs of the top 100 companies by revenue in America made an average of $23.7 million in 2023, 11.
4% higher than in 2022. Based on Johnson’s comments, if you become CEO today at $23.7 million in 2034, you can expect to earn nearly $50 million as top dog at some of America’s largest companies.
That’s significantly more than most American workers. One CEO who took a pay cut in 2023 was Kroger (NYSE: KR ) boss Rodney McMullen. McMullen was forced to live with total compensation 18% less than a year earlier at $15.
5 million , below the average of the top 100, and just 502x more than the median pay of the average worker at his grocery store chain. All the CEOs need to take pay cuts. Let’s start with these three.
Sue Nabi, Coty (COTY) I didn’t get too philosophical in my selections this time around. Instead, I took the top three CEOs from The Equilar 100 who had the highest CEO pay ratios, defined as the “The ratio of the CEO’s total compensation to the median employee’s total compensation,” according to Coty’s (NYSE: COTY ) 2023 proxy. In 2023, CEO Sue Nabi’s total compensation was $149.
4 million, 98% of which was in stock awards. This was 3,769x the median employee’s total compensation, and it was $436.8 million in the past three years.
Since Nabi was hired as CEO in September 2020, Coty’s share price has appreciated by roughly 167%. However, in the same 44 months, e.l.
f. Beauty.
