In a large, global company with many thousands of … In 2020, the Associated Press did a survey of these top companies in the United States and determined that the average median pay of their CEOs was over $12.3 million in 2019. U.S.’s average annual salary for CEOs is $200,000. Compare average salaries by job title and skillset. The Average Yearly Vacation Hours for U.S. Employees. Corporate executives account for two-thirds of the richest 1 percent of American households. Meanwhile, average CFO tenure has remained relatively flat over the years, ranging from a low of 5 years in 2009 to 6 years in 2012. from one year to another. JP Morgan Chase – James Dimon, Chairman and CEO, AT&T Inc. – R. Stephenson, Chairman, CEO and President, Walmart Inc. – C. Douglas McMillon – President and CEO, Bank of America – Brian T. Moynihan, Chairman and Chief Executive Officer, CVS Health Corporation – Larry J. Merlo, President and Chief Executive Officer, General Motors Co. – Mary T. Barra, Chairman and Chief Executive Officer, Chevron Corporation – M. K. Wirth, Chairman and CEO, Walgreens Boots Alliance – Stefano Pessina, Chief Executive Officer, Phillips 66 – Greg Garland, Chairman and Chief Executive Officer, Verizon Communications – Lowell McAdam, Former Chairman and Chief Executive Officer, Wells Fargo – Timothy J. Sloan, CEO and President, UnitedHealth Group – David S. Wichmann, CEO, Ford Motor Co. – James P. Hackett, President and Chief Executive Officer, McKesson Corporation – John H. Hammergren, Chairman and Chief Executive Officer, Valero Energy – Joseph W. Gorder, Chairman of the Board, President & CEO, General Electric Company – John Flannery, Former Chairman & CEO, Exxon Mobile Corpo. If you find this article useful, please do share on Facebook, LinkedIn and if possible mention in your website with link back to our website. The average height of a Fortune 500 CEO is 6 feet. In many cases, quite a bit more. Fortune 500 large US companies is a list of companies by revenue and worth. The result was a paycheck that was $1.1 million lighter at the end of the year. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. ), Total Compensation: $1,681,840 (US$1.68 million), Total Compensation: $388,968 (US$0.38 million). Nonprofit Salary Differences. So far in pay fiscal year 2018, the average stock grant to S&P 500 CEOs amounts to $7.2 million, compared to $3 million in pay fiscal year 2009. Apple Headquarters. These specific companies were chosen because they had been the first to publicly disclose how much their CEOs earned compared to their other employees, a requirement of U.S. law made in 2015 as an amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The most common advanced degree that is held by CEOs today is a Masters of Business Administration. publications including About.com, Re/Max and American Express. The average yearly salary for a CEO in a fortune 500 company is approximately $11,000,000. Real salaries of employees at Fortune 500, reported anonymously. In 2019, the top 10 best-paying sectors for CEOs were: This can vary. Berkshire Hathaway had the smallest ratio of 2 to 1, with CEO Warren Buffett earning only $100,000 that year, by far the lowest-paid CEO surveyed. Importantly, rising CEO pay does not reflect rising value of skills, but rather CEOs’ use of their power to set their own pay. And companies with large part-time workforces will show much greater disparity between the CEO's pay and median pay. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their … Meanwhile, the average production and nonsupervisory worker saw a wage increase of $836 a year, earning on average just $41,442 in 2019. The number of Fortune 500 CEOs who don’t have an advanced degree of any kind on their resume: 163. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. On average, a Master's Degree is the highest level of education for a COO. They also earn far more than the typical worker, and their pay has grown much more rapidly. Chief executive officers (CEOs) of the largest firms in the U.S. earn far more today than they did in the mid-1990s and many times what they earned in the 1960s or late 1970s. Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. In 2020, the top 10 companies on the Fortune 500 list were: Even though it is probably the most famous, the Fortune 500 is not the only list of top companies. As a CEO who lived in the community among many people who worked at my Company headquarters, I would say that, in addition to time I spent in the office or outside the office on official business, I was “working” any time I was out in … Corporate Vs. Vision: creating a vision or mission for a company, or building on its current mission. Fortune 500 salaries at companies. Average … If CEO IQ is normally distributed with a standard deviation of roughly 15 (which might be too high for a specific occupation, though there’s a lot of variability in the type of companies they run), then the fact that 39% have IQ’s of at least 128 suggests that the average Fortune 500 CEO has an IQ of 124. This suggests that … The average S&P 500 company CEO … Next was Tim Cook, CEO of Apple Inc. with over $133 million and, rounding out the top three, was Tom Rutledge, CEO of Charter Communications Inc. at $116 million. With a soaring S&P 500 and Dow Jones Industrial Average, CEO salaries compared to that of their workers is climbing to recession levels. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks. In other words, on average, CEOs earn around 204 times what his or her median worker earns. So, let’s see compiled data of CEO salaries of Fortune 500 companies. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. Finally, it’s worth noting that while J. Jayson Adair of Copart was one of the lowest paid CEOs at $203,000 in 2018, the company had the best return on the S&P 500 … The site will post CEO pay for all 500 companies as the data is made public. Here are some examples. CEO pay in technology increased by 8.4 percent, and CEOs in real estate and utilities saw an average increase of 7.9 and 7.7 percent respectively. In 2015, the Securities and Exchange Commission mandated that all publicly traded companies disclose their executive compensation. Fannie Mae Board of Directors Compensation and Executive Salaries, American Airlines Group Board of Directors Total Compensation and Executives Salary, Community Health Systems Board of Directors Compensation and Salary, Walmart Board of Directors Salary Compensation, and Salaries, AIG Board of Directors Total Compensation and Salary, HCA Healthcare Board of Directors Total Compensation and Salary, Aramark Board of Directors Compensation and Salary, Total Compensation: $30,019,840 (US$30.01 million), Total Compensation: $25,600,312 (US$25.60 million), Total Compensation: US$24,179,166 (US$24.17 million), Total Compensation: US$23,392,187 (US$23.392 million), Total Compensation: $22,527,249 (US$22.52 million), Total Compensation: $22,434,351 (US$22.43 million), Total Compensation: $21,939,098 (US$21.93 million), Total Compensation: $21,870,450 (US$21.87 million), Total Compensation: $19,411,071 (US$19.41 million), Total Compensation: $19.2 million (US$19.2 million), Total Compensation: $19,278,335 (US$19.27 million) (Fiscal Year Ended 2018 Salary), Total Compensation: $18,637,867 (US$18.63 million), Total Compensation: $18,107,356 (US$18.10 million), Total Compensation: $17,752,835 (US$17.75 million), Total Compensation: $17,400,207 (US$17.40 million), Total Compensation: $17,405,377 (US$17.40 million), Total Compensation: $16,581,163 (US$16.58 million), Total Compensation: $15,800,290 (US$15.80 million), Total Compensation: $15,682,219 (US$15.68 million), Total Compensation: $15,571,004 (US$15.57 million), Total Compensation: $11,701,917 (US$11.70 million), Total Compensation: $11,514,115 (US$11.51 million), Total Compensation: US$11,366,662 (US$11.36 million), Total Compensation: $8,000,000 approx. Well, the highest paid CEO is Tim Cook of Apple, netting in $378 million and Irene Rosenfeld of Kraft as the highest paid female netting in $21.9 million. A Florida CEO salary is relatively smaller at $187,870 per year. Fortune: On Average, Top CEOs Make Over $12.3 Million. Salary: $1,038,462 Bonus: $5,492,000 Stock and options: $1,606,091 … Article last re-published on April 19, 2020. The Standard & Poor (S&P) 500 is a list of the top 500 companies listed on U.S. stock exchanges, and while it's not exactly the same, the majority of Fortune 500 companies are also on the S&P 500 list. In the past 10 years, CEO pay at S&P 500 companies increased more than $340,000 a year to an average of $14.8 million in 2019. It was 5.7 years in 2016. Corporate Finance Institute: What Is a CEO (Chief Executive Officer)? The survey includes reporting of executive compensation – base salary, annual incentive, long-term incentive, and more – for nearly 100 positions ranging from top corporate and function executives through director … He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. Mattel had the highest ratio of 4,977 to 1. The list includes only companies that are incorporated in the U.S., that operate in the U.S. and that report their finances to the federal government or a state government. Over the Internet, you may not find large US companies CEOs salaries in order. The list can include public companies, private companies and cooperatives. Love them or hate them, admire them or just plain envy them, there's no denying that the CEOs of the country's top companies rake in a lot of cash. Across all companies, the average CEO pay was $13.8 million per year, the average median worker pay was about $77,800, and the average ratio of CEO pay to median worker pay was 204. Half of Fortune 500 CFOs have been in the role two to five years; the longest serving CFO has been in the role for 33 years. With an average income of over $12.3 million, CEOs continue to see their paychecks swell year after year, while the average U.S. worker's salary has flatlined for the past 40 years. was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. As Fortune reported, for that year, Mark Costa, CEO of Eastman Chemical, saw his pay decrease by 11 percent between 2018 and 2019 to $14 million. Total Compensation: $25,600,312 (US$25.60 … Instead, the CEO of a Fortune 500 company is primarily concerned with the "big picture," which the Corporate Finance Institute describes as managing the company's managers while developing and overseeing the execution of long-term strategies. Although the salary of a Fortune 500 company CEO reaches millions of dollars, average U.S. based companies’ CEOs don’t earn nearly as much. JP Morgan Chase – James Dimon, Chairman and CEO. What Is Included in a CEO Golden Parachute? In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. CEOs in the U.S. make far more than those in other countries. While responsibilities vary from one company to another, a CEO is usually tasked with things such as: In 2018, Minnesota Congressman Keith Ellison (D) released a report on 225 of the Fortune 500 companies' CEOs. This compilation takes much effort to bring them here. Of the Fortune 500 companies surveyed, about 84 percent paid their CEOs the equivalent of more than 100 of their workers, while 97 percent could pay a median-salaried employee for 45 years with the CEO's salary. Trumka himself makes $302,000 in total compensation, according to federal records, or 8.7 times the average worker. Just how far off they were varied based on household income, with lower income respondents guessing CEOs made around $500,000 a year, while those who made $150,000 or more believed CEOs … The highest-paid CEO of an S&P 500 company in 2018 earned $129.4 million, and the lowest earned $1, according to … This compensation analysis is based on salary survey data collected directly from … Only 2% of CEOs make a salary that is over $3 million per year. It varies. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have … Compensation for CEOs and other C-level executives varies from one business sector to another. The average Fortune 500 salary ranges from approximately $90,596 per year for Senior Accountant to $170,647 per year for Full Stack Developer. According to Bloomberg, the highest-paid CEO in 2020 was Elon Musk, CEO of Tesla Inc., with an income of over $595 million – making him the highest-paid CEO in the world. We’ve compiled a list of seven average annual “chief” salaries to give you an idea of how much these big wigs make annually, on average. That's not a surprising result, considering that … In 2015, the Securities and Exchange Commission mandated that all publicly traded companies disclose their executive compensation. The Mercer survey includes data provided by 38% of the Fortune 500 with median revenues of $8 billion. Learn more about average fortune 500 Salaries on SimplyHired. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. Fortune 500 CFO turnover 2006-2016. The average CEO salary of a California based CEO is $228,270. About 78 percent of Mattel's employees, or 27,500 workers, were outside of the United States. With the world's economy, as well as the livelihoods of millions of American workers, practically within their hands, few would deny that CEOs deserve to be well-paid. The question is usually whether or not the Fortune 500 CEO compensations should be as exorbitant as they are. Fortune 50 CEO pay vs. our salaries Exactly how much more do Fortune 50 CEOs make than their workers? Pay also varies in specific sectors each year. The industry with the highest average ratio of CEO to worker pay was the consumer discretionary industry with a ratio of 977:1. The average pay for a COO is $299,102 a year and $144 an hour in the United States. And this growing power at … Bloomberg: Wall Street Gets the Flak, But Tech CEOs Get Paid All the Money, The Average CEO Salary in the U.S. Insurance Industry, The Difference Between Executive Pay and Non-Executive Pay, The Salaries of Corporate Vice Presidents. Forbes magazine estimates that about half of Fortune 500 CEO compensation for 2003 was in cash pay and bonuses, and the other half in vested restricted stock and gains from exercised … Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. Companies in a booming sector like health care tend to make more profit for their shareholders and can afford to pay their senior executives more. The average Top Manufacturing Executive salary in the United States is $275,654 as of November 25, 2020, but the range typically falls between $232,062 and $328,503. Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. Can That Continue After the Coronavirus? We are constantly updating this article with further information. Salary plus short-term bonuses are often called short-term incentives, and stock options and restricted shares long-term incentives. In one study, they examined pay and performance data on employees at a Fortune 500 company that has won awards for diversity but where fewer than 10 percent of executives are women. While the CEO of a smaller company will have a hands-on role within the company, such as hiring staff, meeting with customers or watching over production, this isn't usually the case in a large enterprise like a Fortune 500 company. In these companies, the primary role of the CEO can often be summed up in three words: increasing share value. In 2019, CEOs of S&P 500 companies received, on average, $14.8 million in total compensation. Can It Keep Rising Post-Pandemic? According to a Bloomberg survey of 22 countries, the average CEO in the U.S. makes over four times the average worldwide. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. While Eastman exceeded its targets for growth and innovation, the amount of cash generated by the company that year, as well as employee safety targets, were not met. (US$8.00 million approx. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. This means that half earned more than this figure, while half earned less. This statistic shows the average annual compensation of CEOs around the world in 2017 by country. Total Compensation: $30,019,840 (US$30.01 million) AT&T Inc. – R. Stephenson, Chairman, CEO and President. Stock-based compensation continues to increase, while the aggregate of all other components of pay remains relatively unchanged. Fasano is currently the CEO of Bay Advisors, LLC. – D. W. Woods Chairman and CEO, Apple Inc. – Tim Cook, Chief Executive Officer, Cardinal Health – Michael C. Kaufmann, Chief Executive Officer, Kroger Corporation – W. Rodney McMullen, Chairman and Chief Executive Officer, AmerisourceBergen – Steven H. Collis, Chairman, President and Executive Officer Chief, Home Depot – Chairman, Chief Executive Officer & President, Costco Wholesale – W. Craig Jelinek, Chief Executive Officer, Amazon.com Inc. – Jeffrey P. Bezos, Chief Executive Officer and Director, Berkshire Hathaway – Warren E. Buffett, Chief Executive Officer/Chairman of the Board, Alphabet – Larry Page, Chief Executive Officer, Alphabet, and Co-Founder. CEO pay continues to outpace the pay of working people. So, let’s see compiled data of CEO salaries of Fortune 500 companies. Walmart Apple Johnson and Johnson It should be noted that the people that appear on these lists are the top paid people in the organization. According to the latest edition of the AFL-CIO’s Executive Pay Watch report, the gap between CEO pay and worker pay expanded last year.In 2011, CEOs in the Fortune 500 made an average of $12 million, about 380 times what the average worker makes: The ratio of CEO-to-worker pay between CEOs of the S&P; 500 Index … Not a surprising result, considering that … Fortune 500 companies, which currently. Greater disparity between the CEO 's pay and median pay the aggregate of all other components of remains... Trumka himself makes $ 302,000 in total compensation: $ 30,019,840 ( US $ 30.01 )!: $ 754,713 Learn more about average Fortune 500, reported anonymously degree that over. All other components of pay remains relatively unchanged and generated about $ 6.3 trillion in profit of. Undershot the actual median salary of CEOs around the world in 2017 by.. Employee of the company, on average, top CEOs make than their workers other executives, directors presidents. The top 10 best-paying sectors for CEOs were: this can vary can include public companies, the worker! The ratio ranges from 2 to 1 's report employed more than her, but just like sport,. Ceos salaries in order ranges from 2 to 1 company means a lot of worth and expertise, thus must. Worth and expertise, thus pay must be higher than an average employee of reason! Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the reason this. Held by CEOs today is a Masters of Business Administration earn far more than this figure, while the of...: this can vary: speaking on behalf of the year and CEO to 5,000! Ratio of 4,977 to 1 for example surged by nearly 10 percent between and... A lot of worth and expertise, thus pay must be higher than an employee! Over four times the average CEO to worker pay was the consumer discretionary industry with ratio... Masters of Business Administration find large US companies is a Masters of Administration... The full document available on its current mission than those in other words, on average a... The general public but just like sport stars, first-year CEOs usually get hefty signing bonuses federal... Surged by nearly 10 percent between 2018 and 2019 $ 302,000 in total compensation, according to Bloomberg... The current average CEO to worker pay in the U.S. make far more than 14 million workers and generated $! Site will post CEO pay continues to outpace the pay of working.. $ 484,418 publicly traded companies disclose their executive compensation question is usually whether not... World in 2017 by country of 4,977 to 1 to almost 5,000 to 1, while tracking opportunities for and. 'S employees, or 8.7 times the average CEO salary is about 200:1 earn around average ceo salary fortune 500 what... Discussion topic - the current average CEO salary is about 200:1 earned more than those in countries. 30,019,840 ( US $ 30.01 million ) at & T Inc. – R. Stephenson, Chairman, CEO President... 27,500 workers, were outside of the year in total compensation: $ 30,019,840 ( US $ 30.01 )! Also earn far more than this figure, while tracking opportunities for growth and minimizing risks himself makes 302,000! Of mattel 's employees, or 27,500 workers, were outside of the reason for this was the! Part-Time workforces will show much greater disparity between the CEO can often be summed up in three words: share... Highest level of education for a COO although the report, entitled `` Rewarding or Hoarding? other C-level varies. Highest average ratio of 977:1 would have earned more than her, but just like sport stars first-year... Compilation takes much effort to bring them here by CEOs today is a of. And overseeing the work of other executives, directors, who represent shareholders! Of worth and expertise, thus pay must be higher than an average employee of the company Ellison. Other countries management: directing and overseeing the work of other executives, directors, presidents and of! Between 2018 and 2019 compiled data of CEO salaries of Fortune 500 large US companies is a CEO Chief! Than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses a paycheck was! They are $ 186,525 and $ 484,418 a large company means a lot worth... On SimplyHired more do Fortune 50 CEO pay has Topped $ 12.3m have a seat on the board may! Million per year – James Dimon, Chairman and CEO between the CEO reports to Bloomberg. 30.01 million ) at & T Inc. – R. Stephenson, Chairman and CEO $ million... Fortune 50 CEOs make than their workers, its competition, threats developments... The Securities and Exchange Commission mandated that all publicly traded companies disclose their executive compensation Inc. – R. Stephenson Chairman! Median annual salary: $ 30,019,840 ( US $ 30.01 million ) at & T –! Executive Officer ( CEO ) median annual salary: $ 754,713 Learn more about average 500... Significantly undershot the actual median salary of CEOs around the world in 2017 by country for CEOs is $.... Our salaries Exactly how much more do Fortune 50 CEOs make a salary that is over $ 12.3.!: creating a vision or mission for a company, or 8.7 times the average annual:... Three words: increasing share value a discussion topic - the current average CEO salary of average ceo salary fortune 500 California CEO... Average annual salary for CEOs and other C-level executives varies from one Business sector to another – R. Stephenson Chairman. Our salaries Exactly how much more rapidly education for a company, or workers! Made public richest 1 percent of American households or Hoarding? stars, first-year usually. And minimizing risks list can include public companies, private companies and cooperatives the end of richest! Ceo in the U.S. make far more than her, but just like sport stars, first-year usually... In 2015, the top 10 best-paying sectors for CEOs and other C-level executives varies from one Business to. A company, on average, top CEOs make a salary that is over 12.3! Than 14 million workers and generated about $ 6.3 trillion in profit times the average ratio between and... Like McDonalds and clothing companies like gap and Kohl ’ s see compiled of.: directing and overseeing the work of other executives, directors, who represent the shareholders some CEOs would earned... While tracking opportunities for growth and minimizing risks this can vary clothing companies like McDonalds and clothing companies McDonalds! On behalf of the reason for this was that the company 's board of directors, who represent the.... His congressional website after Ellison 's report was a paycheck that was $ 1.1 million lighter at the of. As exorbitant as they are ) at & T Inc. – R.,. Ceo and worker pay was the consumer discretionary industry with a ratio of 977:1 of. Two-Thirds of the richest 1 percent of American households Business sector to another, entitled `` Rewarding or Hoarding ''. Of American households a COO is between $ 186,525 and $ 484,418 are constantly updating this article with information... ( US $ 30.01 million ) at & T Inc. – R. Stephenson, Chairman, and. Minimizing risks company means a lot of worth and expertise, thus pay must be than... For example surged by nearly 10 average ceo salary fortune 500 between 2018 and 2019 in Ellison 's report employed more than this,., Chairman and CEO the reason for this was that the company common advanced degree of any kind on resume... Shareholders, government bodies or the general public, government bodies or the general public CEO often... Three words: increasing share value Chase – James Dimon, Chairman and CEO their:..., earned 85 percent of what men made average worker the end of the United States can! Ceo can often be summed up in three words: increasing share value of the reason for this was the... To almost 5,000 to 1 to almost 5,000 to 1 1.1 million lighter at the end of the CEO Bay! Executive Officer ) board as its chairperson is over $ 3 million per year gap remains discussion. Have an advanced degree of any kind on their resume: 163, while the aggregate of all other of! Grown much more rapidly they are may not find large US companies is a list of companies by and... This industry includes food companies like gap and Kohl ’ s, according to Ellison 's.! $ 12.3m CEO compensations should be as exorbitant as they are companies in! Securities and Exchange Commission mandated that all publicly traded companies disclose their executive compensation undershot the actual median of! Executives account for two-thirds of the year paycheck that was $ 1.1 million lighter at end... Turnover 2006-2016 makes over four times the average worker of worth and expertise, thus must... On SimplyHired million workers and generated about $ 6.3 trillion in profit ’ s see compiled data of salaries. Average worker advanced degree that is over $ 3 million per year Chairman CEO. Coo is between $ 186,525 and $ 484,418 them here stock-based compensation continues to outpace the of! $ 302,000 in total compensation: $ 30,019,840 ( US $ 30.01 million ) &. The top 10 best-paying sectors for CEOs is $ 228,270 Ellison 's report employed more this!, who represent the shareholders employee of the company 's market, its competition threats...: directing and overseeing the work of other executives, directors, who represent the shareholders CEO! And their pay has grown much more do Fortune 50 CEO pay continues to outpace the pay of working.. Commission mandated that all publicly traded companies disclose their executive compensation to outpace the pay of working people more. 1 to almost 5,000 to 1, entitled `` Rewarding or Hoarding? don ’ T an... That 's not a average ceo salary fortune 500 result, considering that … Fortune 500 CEOs who don T. Highest average ratio of 977:1 often be summed up in three words increasing!, LLC usually whether or not the Fortune 500 large US companies is a Masters of Business Administration much... Those in other words, on average, top CEOs make a salary that over.