June 26, 2022

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Expedia CEO Received Biggest Pay Package on Wall Street in 2021

Expedia CEO Received Biggest Pay Package on Wall Street in 2021

Someone showed that the average salary package for US CEOs reached $14.7 million in 2021 The Wall Street JournalAnalyze numbers for more than 400 companies from MyLogIQ.

This is a record for the sixth year in a row, up from $13.4 million in the previous year.

Total compensation increased by at least 12 percent for most managers, and most companies achieved a return on equity of about 30 percent.

At 3rd: ServiceNow CEO Bill McDermott. Photo: Bloomberg

About two-thirds of the salary packages are in stocks or options that may be more or less valuable than previously reported. For regular salaries, bonuses, and other cash compensation, the average was $4.1 million, up from $3.1 million in 2020.

The top paid $25 million in total compensation in 2021, and equity-based compensation was 78 percent. Most of the highest paid CEOs can be found in technology and media.

$300 million for Expedia CEO

The “king of the heap” on the Wall Street Journal list is Peter Kern. The man who became president of online travel giant Expedia at the bottom of Corona in April 2020 last year received a total salary package of $296 million, almost all of which is stock-related compensation.

An Expedia spokesperson highlights Kern’s efforts to navigate the company through the pandemic, positioning it for growth. The person concerned asserts that the share of the compensation will begin to be paid in 2024 at the earliest, and that Kern is not expected to receive more shares/options during her 3-year contract.

David Zaslav, CEO of Longtime Discovery, ranks second on the list with a package of about $246 million, of which $203 million relates to options that rely on at least a doubling of the stock price before December 2027.

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Zaslav, who now heads Warner Bros. A spokesperson told the newspaper that Discovery should “create shareholder value in the tens of billions of dollars to get an 82 percent increase from $203 million”.

I patted the head of Apple on the shoulder

ServiceNow President Bill McDermott is the third-highest-paid CEO in America with $166 million, of which more than $139 million is related to options that require a 50 percent increase in the cloud service’s share price to be “in the money.” In addition, he must now have specific goals for subscription revenue.

In fourth place: Apple CEO, Tim Cook. Photo: Bloomberg

It follows Apple CEO Tim Cook, who has not received any stock-related compensation since taking over in August 2011 before the platform, a package of nearly $84 million last year — a package that, according to the company, “recognizes his exceptional leadership and is commensurate with scale and results.” And the profitability achieved by Apple »on his watch.

Since Cook took over, Apple’s market capitalization has risen from nearly $350 billion to Friday’s closing price of more than $2.3 trillion.

At JPMorgan Chase, Jamie Dimon will have to wait at least five years to exercise the $52.6 million listed options, roughly two-thirds of his $84.4 million salary total. In addition, he must also hold the relevant shares for a period of five years. In addition to the option packages, Dimon will get a salary increase of less than 0.5 percent in 2021, according to a Wall Street Journal spokesperson.