- A watchdog group ranked CEOs by how overpaid they are and created a list of the 100 with the most "exorbitant pay."
- The 100 most overpaid CEOs on the list were paid $3.8 billion collectively, and underperformed for their company shareholders, the group said.
- The CEOs were ranked based on their companies’ returns for shareholders, their pay compared to employees, and how many shareholders voted against their pay packages.
When it comes to executive salaries, shareholders aren’t getting their money’s worth—at least at certain companies, a chart of overpaid CEO company performance shows.
As You Sow, a corporate responsibility watchdog group, ranked the top 100 most overpaid CEOs by analyzing the returns and reinvested dividends their companies generated for shareholders, the percentage of shareholders who voted against their pay packages, and how much more the CEOs made than typical employees. The most overpaid, in their analysis, was Warner Brothers Discovery (WBD) chief David M. Zaslav, who was paid nearly a quarter billion dollars in 2022 only to deliver a five-year annualized total shareholder return of -11.6%. The chart below shows how the top 10 most overpaid CEOs performed relative to the S&P 500.
“As a group, overpaid CEOs have not delivered the expected financial results for the company based on their exorbitant pay,” the researchers said in the report.
Out of $7.7 billion a year paid to all the CEOs of the companies in the S&P 500, $3.8 billion went to the top 100 most overpaid CEOs on As You Sow’s list—more than $2 billion more than they should get, the group calculated.
See the top 20 CEOs below:
|CEO||Company||CEO Pay||Median Worker Pay||Market Cap|
|David M. Zaslav||Warner Bros. Discovery, Inc.||$246.57 million||$82,964||$37.18 billion|
|Fabrizio Freda||Estee Lauder Companies Inc.||$66.00 million||$33,586||$89.14 billion|
|Jay A. Snowden||Penn National Gaming, Inc.||$65.89 million||$33,930||$4.99 billion|
|Patrick Gelsinger||Intel Corporation||$178.59 million||$104,400||$116.66 billion|
|Glenn D. Fogel||Booking Holdings Inc.||$53.98 million||$58,005||$96.71 billion|
|William R. McDermott||ServiceNow, Inc.||$165.80 million||$233,859||$91.65 billion|
|James Dimon||JPMorgan Chase & Co.||$84.43 million||$92,112||$415.99 billion|
|Robert G. Goldstein||Las Vegas Sands Corp.||$31.20 million||$35,879||$43.43 billion|
|Andrew R. Jassy||Amazon.com, Inc.||$212.70 million||$32,855||$1.01 trillion|
|Timothy D. Cook||Apple Inc.||$98.73 million||$68,254||$2.43 trillion|
|Ronald F. Clarke||FleetCor Technologies, Inc.||$57.92 million||$41,265||$15.81 billion|
|David J. Lesar||CenterPoint Energy, Inc.||$37.81 million||$103,170||$18.29 billion|
|James Quincey||Coca-Cola Company||$24.88 million||$13,894||$256.10 billion|
|Rosalind G. Brewer||Walgreens Boots Alliance Inc||$28.33 million||$26,255||$31.33 billion|
|Ernie L. Herrman||TJX Companies Inc||$31.80 million||$14,139||$92.00 billion|
|Richard Beckwitt & Jonathan M. Jaffe||Lennar Corporation||$68.09 million||$101,561||$28.77 billion|
|DavidW. Gibbs||Yum! Brands, Inc.||$27.59 million||$13,082||$36.88 billion|
|John J. Donahoe II||NIKE, Inc.||$32.92 million||$36,077||$191.80 billion|
|Andrew Wilson||Electronic Arts Inc.||$39.17 million||$123,935||$30.51 billion|
|David V. Auld||D.R. Horton, Inc.||$30.57 million||$107,880||$32.96 billion|
As You Sow. "The 100 Most Overpaid CEOs."