May 20 Being at the helm of a big tech company like this also means a pretty hefty paycheck. For example, Apple CEO Tim Cook's total compensation last year was as high as $63.2 million, but Amazon CEO Andy Jassy's compensation was only about $1.3 million.
Business Insider reviewed the companies' most recent proxy statements filed with the U.S. Securities and Exchange Commission (SEC).The total compensation of these CEOs last year was found.
Here's a look at what they were paid, who was paid the most and the breakdown of their pay:
Apple CEO Tim Cook
Tim Cook's total compensation last year reached $63.2 million, but his base annual salary has remained at $3 million since 2016.
The $63.2 million includes base annual salary, $46.9 million in stock awards and $10.7 million in non-equity incentive plan compensation. In addition, he received another $2.5 million in other compensation, including his security expenses and business and personal travel on private jets.
His compensation in 2023 has plummeted by nearly 40% compared to $99.4 million a year ago. Cook requested a pay cut after a shareholder advisory firm urged Apple investors to vote against its 2022 compensation package.
Microsoft CEO Satya Nadella
Satya Nadella's total compensation last year was $48.5 million, a 12% decrease from $54.9 million in 2023.
According to the proxy statement, as of December last year, the Microsoft CEO held 800,667 shares of the company's stock, and his compensation is mainly linked to the company's performance.
His most recent compensation included $2.5 million in salary, $39.23 million in stock, $6.4 million in non-equity incentives and $360,000 in other compensation.
A Bloomberg analysis of Cook's earnings last year found that during his 10 years as Microsoft CEO, his total compensation exceeded $1 billion.
Nvidia CEO Jensen Huang
Huang received $34.2 million in compensation in Nvidia’s most recent fiscal year, which ended in January, including $26.7 million in stock awards, a $4 million cash bonus and $2.5 million in other expenses including residential security, car and driver cost).
That's a 60% jump from the previous year's $21.35 million, which included a base salary of $996,832, stock awards worth nearly $19.7 million and nearly $700,000 in other compensation. The ratio of CEO pay to average employee pay is 94:1.
Meta CEO Mark Zuckerberg
Since 2013, Mark Zuckerberg's nominal base salary has been a mere $1.
But don't feel too sorry for the Facebook co-founder, because he also gets millions of dollars in security and logistics expenses. In 2023, his total compensation will reach $24.4 million.
That's down from $27.1 million in 2022 compensation, suggesting that even Zuckerberg is feeling the effects of Meta's “efficiency year.”
Alphabet CEO Sundar Pichai
Sundar Pichai's salary in 2023 is $8.8 million.
Documents filed with the SEC show that he will earn a salary of $2 million in 2023 and also receive about $6.77 million in personal security expenses.
His total compensation in 2022 was nearly $226 million, according to a proxy statement filed in April 2023. Most of that is $218 million in equity, which comes from triennial stock grants.
A Google spokesman said the stock grant mechanism was set up to reward long-term performance.
Amazon CEO Andy Jassy
According to Amazon's latest proxy statement, Amazon CEO Andy Jassy's compensation in 2023 is US$1.3 million, including a salary of US$365,000 and security costs of US$992,764.
His received compensation is US$29.2 million, including the value of vested stocks, which is a 12% decrease from US$33.2 million in 2022.
Due to the decline in Amazon's stock price and the reduction in vested shares over the past two years, Jassy's received compensation in 2023 and 2022 will be significantly lower than the compensation he received in 2021, the proxy statement shows.
Jassy received $212.7 million in total compensation when he succeeded Jeff Bezos as CEO in 2021.
According to the proxy statement, Jassy's stock grants in 2021 will be the main source of his compensation in the coming years. His restricted stock awards starting in 2021 don't begin to vest until 2023, with more than 80% of the shares scheduled to vest between 2026 and 2031.
Tesla CEO Elon Musk
Elon Musk's 2023 compensation remains up in the air after a judge rejected his $56 billion pay package on the grounds that his close ties to board members gave him an unfair influence on the massive pay package.
In 2019, Musk himself requested to stop receiving a salary from Tesla. His salary package relied on a series of evaluation goals set in 2018, including that once Tesla reaches certain goals, he will receive shares vested in 12 installments over 10 years. options. For each major goal achieved, Musk will receive shares equal to 1% of the outstanding shares at the time of the stock grant. According to Tesla, as of 2023, all 12 assessment goals have been achieved.
Musk's wealth comes primarily from his stake in Tesla, but he is also the CEO of X/Twitter, Neuralink, the Boring Company, and SpaceX. According to the Bloomberg Billionaires Index, his wealth has reached US$188 billion, making him the third richest person in the world.