2024 was record -breaking in terms of remuneration of general directors, which apparently get out of control. Economic Policy Institute’s study of 2024 showed that From 1978, the remuneration of general directors increased by astronomical 1085 percent, while in this The same time the salary of a typical employee increased by less than ¼ (24 %).
In 2023, general directors received an average of 290 times more than the average employee. Meanwhile, six decades ago, the contrast between the salary of bosses and their employees was much smaller. In 1965, general directors received remuneration at an average level of about 21 times higher than the average employee.
Record -breaking 2024
On Monday, Wall Street Journal published its annual list of the best paid directors. The daily noted that in terms of earnings 2024 was record -breaking for CEO. Last year, half of them earned USD 17.1 million or morewhich is an increase of USD 1.3 million compared to 2023.
At the top of the WSJ list, Rick Smith, general director of Axon Enterprise. Last year Smith earned $ 164.53 million. The general director of a company operating in the arms industry, which develops and sells technologies and products for the army, uniformed services and civilians (producing, among others, TASER stun gun) was also at the forefront of the list of the greatest growth. During the year, his salary increased by 999 percent.
The second on the list of the highest paid directors, president of General Electric, H. Lawrence Culp Jr., He earned half as much as Rick Smith last almost. Last year SZEF GM earned $ 88.95 millionwhat constitutes an increase of 505 percent compared to 2023.
The podium is closed by the General Director of Blackstone, Stephen Schwarzman, who earned $ 84.03 million in 2024by 30 percent less than a year ago.
List of 10 best paid general directors in 2024.
|
Position |
CEO |
BUSINESS |
Remuneration in 2024 (million USD) |
Change from 2023 |
|
1 |
Rick Smith |
Axon Enterprise (Axon) |
164.53 |
999% |
|
2 |
Lawrence Culp Jr. |
General Electric (GE) |
88.95 |
505% |
|
3 |
Stephen Schwarzman |
Blackstone (BX) |
84.03 |
-30% |
|
4 |
Tim cook |
Apple (AAPL) |
74.61 |
18% |
|
5 |
Józef Bae |
KKR (KKR) |
73.09 |
46% |
|
6 |
Dawid Gitlin |
Carrier Global (Carr) |
65.73 |
271% |
|
7 |
Scott Nutall |
KKR (KKR) |
64.20 |
36% |
|
8 |
Theodore Sarandos |
Netflix (NFLX) |
61.92 |
24% |
|
9 |
Dawid Simon |
Simon Property Group (SPG) |
61.39 |
294% |
|
10 |
Greg Peters |
Netflix (NFLX) |
60.27 |
50% |
|
Source: Wall Street Journal |
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Source: Wall Street Journal, Quartz
