Every employee strives to become a CEO since it is a prestigious, profitable, and influential position to occupy. Lately, there has been so much discussion about CEO compensation that many are surprised to learn how much they earn in a day. Few people realize that pay is only a tiny percentage of an executive’s overall income; they also get a variety of bonuses. Kunal Shah, the CEO of Cred, disclosed a few days ago that he earned only Rs 15,000 per month, which sparked debate on the internet. Are you curious as to why? CEOs and promoters, on the other hand, do not accept salary remuneration since it is inefficient in terms of taxation. They wind up paying over half of that in taxes, so it doesn’t really make sense. A CEO may be able to minimize their taxable income and pay less in taxes by accepting modest compensation.
Salaries of Major CEOs
Elon Musk | $200 Million
Elon Musk, one of the world’s richest tycoons, gets paid $1 per hour, although his pay is much more. With a net worth of more than $187 billion, he makes around $200 million every month.
Robert Scaringe | $2.2 Billion
Rivian Automotive CEO Robert Scaringe is the world’s second highest-paid executive. He earns $2.2 billion in total remuneration, which includes a $650,000 salary, $2,288,594,284 in stock options, and $126,197 in benefits.
Tim Cook | $49 Million
Tim Cook, the CEO of Apple Inc, is another of the world’s highest-paid CEOs. He used to get a total remuneration of $853 Million but believed that his income was too much and agreed to a pay decrease in 2023. His new remuneration is $49 million, which comprises a $3 million basic income, a $6 million bonus, and a $40 million equity value.
Sue Nabi | $283 Million
Sue Nabi, CEO of Coty, received a total remuneration package of $283 million in 2021. A $3.5 million salary, $280 million in stock options, and $42,455 in benefits were included.
Sundar Pichai | $7.43 Million
According to Google’s 2022 filings, Sundar Pichai’s basic pay is $2 million. In addition, he earned $5.41 million in additional payments. He received less pay than the prior year since he did not get any stock options. He received $280.62 million in total remuneration the previous year, including $276.61 million in stock awards.
Satya Nadella | $55 Million
In 2022, Microsoft CEO Satya Nadella got a total salary of $54.9 million. This includes a $2.5 million basic pay, $42.27 million in stock grants and performance stock awards, and $10.07 million in non-equity incentive plan compensation.