Here's How Much Investment Firm CEOs Were Paid in 2023 | ThinkAdvisor (2024)

Compensation for CEOs at major financial firms ranged from roughly $25 million to $35 million in 2023, with pay rising sharply for some and dropping for others.

Precisely how investors view executive compensation packages may depend, however, on which reported figures they consider.

Companies have long reported salary, incentive and other pay in summary compensation tables, as required, in their filings with the Securities and Exchange Commission, but those numbers don’t necessarily reflect compensation paid for that year. Summary compensation tables include indirect compensation, such as the change in pension value.

So companies also report adjusted figures, representing compensation directly or actually paid for a given year, often pointing to these when highlighting CEO compensation in their annual reports.

As Goldman Sachs notes in its recent proxy statement, SEC rules require firms to include in the summary compensation tables only those equity-based awards granted in that year, rather than awards granted after year-end for services performed during the year.

Cash compensation must be reported for the year earned, even if paid after year-end, Goldman notes, adding that it typically grants stock awards and cash variable compensation for a year after the year’s end.

The Wall Street Journal reportedin 2023 that companies were preparing to report, for the first time, how much their executives were actually being paid for a given year, including counting stock award gains and losses rather than the value given when awards were granted. The charts below show both methods of reporting CEO compensation, and the year-over-year changes from 2023:

Here are the major financial firm CEO pay figures now available for 2023. These include details from the summary compensation tables, except where otherwise noted, plus the bottom-line alternatives that the firms report. The executives are ranked by total compensation for 2023.

Here's How Much Investment Firm CEOs Were Paid in 2023 | ThinkAdvisor (2024)

FAQs

Here's How Much Investment Firm CEOs Were Paid in 2023 | ThinkAdvisor? ›

Compensation for CEOs at major financial firms ranged from roughly $25 million to $35 million in 2023, with pay rising sharply for some and dropping for others. Precisely how investors view executive compensation packages may depend, however, on which reported figures they consider.

How much does a CEO of an investment firm make? ›

As of Jun 18, 2024, the average annual pay for a Private Equity Ceo in the United States is $82,146 a year. Just in case you need a simple salary calculator, that works out to be approximately $39.49 an hour. This is the equivalent of $1,579/week or $6,845/month.

How much will CEOs make in 2023? ›

TPG's Jon Winkelried tops a list of highly paid CEOs. His comp was valued at $198.7 million in 2023. Most top CEOs' earnings come through stock awards, often payable over several years. The median pay package for CEOs was $23.7 million in 2023, an 11.4% increase from the prior year.

Who is the highest paid insurance CEO 2023? ›

Andrew Witty, UnitedHealth Group

UnitedHealth Group CEO Andrew Witty has climbed to the top of our compensation list in 2023 as the company he oversees also continues to grow. His total compensation of $23.5 million includes a $1.5 million salary.

Who was the highest paid CEO? ›

A look at the highest paid CEOs in the US by “compensation actually paid" in 2023 –
  • Tesla's Elon Musk - $1.4 billion.
  • Palantir Technologies' Alexander Karp - $1.1 billion.
  • Broadcom's Hock Tan - $767.7 million.
  • Coinbase Global's Brian Armstrong - $680.9 million.
  • Oracle's Safra Catz - $304.1 million.
2 days ago

How much does a CEO of a $500 million company make? ›

CEO compensation: United States

By company size, base, bonus, and total cash compensation all rise as revenue does, with total average cash compensation coming in at $1,427,000 at companies with revenue above $500 million.

How much does a CEO of a $2 million company make? ›

10th Percentile Salary By Revenue Category
Revenue categoryMedian staff10th percentile salary
$1M to $2M6$116,408
$2M to $3.5M9$149,373
$3.5M to $5M13$177,035
$5M to $7.5M20$205,926
6 more rows
Oct 25, 2023

What is the pay package for CEOs? ›

$16.3 million

That was the median pay package of CEOs last year, up 12.6% from 2022. The $16.3 million marks a midpoint, meaning half the CEOs made more and half made less.

How much more should CEOs make than their average employee? ›

The Institute for Policy Studies analyzed 100 S&P 500 corporations with the lowest median worker pay levels in 2022 and found that CEO pay in this sample averaged $15.3 million, while median worker pay averaged $31,672. The average CEO-to-worker pay ratio in this group was 603 to 1.

What is the average age of Fortune 100 CEOs? ›

The average age of C-suite executives at Fortune 100 companies is 57, according to a new study. C-suite executives had been getting younger since 1980, but that's no longer the case.

How much does the CEO of farmers make? ›

Insurance CEO compensation – personal lines insurers
InsurerCEO2021 compensation
FarmersJeffrey Dailey$7.9 million
American FamilyJack Salzwedel$6.8 million
USAASteven Wayne Peaco*ck$1.9 million
NationwideKirt Walker$3.9 million
7 more rows
Nov 20, 2023

How much did the CEO of State Farm make? ›

In a year in which State Farm posted a record net loss, the company paid CEO Michael Tipsord more than $24 million in cash. Tipsord's $24.4 million in total compensation for 2022 was nearly equivalent with the $24.5 million he collected for 2021, according to a filing with the Nebraska Department of Insurance.

Who is the richest person in insurance? ›

1. Warren Buffett. Buffett once again secures the top spot on the list of the country's wealthiest insurance tycoons. The man known as the “Oracle of Omaha” currently sits in the tenth spot of Forbes' overall rankings with a net worth of $103.6 billion.

Who is the most valuable CEO in the world? ›

  1. Elon Musk: $10 billion. Musk is the quirky CEO of electric car company Tesla. ...
  2. Robert Scaringe: $2 billion. ...
  3. Tim Cook: $853 million. ...
  4. Peter Rawlinson: $575 million. ...
  5. Tom Siebel: $344 million. ...
  6. Sue Nabi: $283 million. ...
  7. Joe Bae: $279 million. ...
  8. Tomer Weingarten: $275 million.

Can a CEO take $1 salary? ›

It might sound uncanny, but it is true: CEOs and former CEOs from major tech companies have or had salaries of just $1. Yes, Elon Musk (Tesla), Jeremy Stoppelman (Yelp), Larry Ellison (Oracle), Meg Whitman (HP), and Steve Jobs (Apple) earn or earned paychecks of just one dollar a month.

Why do CEOs get paid the most? ›

'. Company Performance: One of the most significant factors impacting CEO pay is company performance. CEOs are often rewarded handsomely when their companies achieve exceptional financial results and outperform their competitors.

How much does a CEO of a $50 million dollar company make? ›

$50M to $150M

The highest salary for a CEO in a company with between $50M and $150M in revenue is $500,000. Of the participants in this category, the median salary is $300,000. In terms of bonus percentage, we found that a small majority of participants in this category, 37%, received a 50% bonus or more.

How much do investment bank CEOs make? ›

Compensation for CEOs at major financial firms ranged from roughly $25 million to $35 million in 2023, with pay rising sharply for some and dropping for others. Precisely how investors view executive compensation packages may depend, however, on which reported figures they consider.

How much do CEOs of private equity firms make? ›

The base salary is lower than for public company CEOs, typically around $1 million vs. $1.2 million, and bonuses are tied to clear, aggressive goals. If a CEO doesn't reach them, there is no bonus. But the CEO also gets a large grant of stock options, typically representing 2% to 3% of the company's total equity.

How much do JP Morgan executives make? ›

Create an anonymous post and get feedback on your pay from other professionals. The estimated total pay range for a Executive Director at J.P. Morgan is $271K–$470K per year, which includes base salary and additional pay. The average Executive Director base salary at J.P. Morgan is $234K per year.

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