This was boosted by $11,394,315 worth of restricted stock and $216,816 for “other” compensation. The CEOs of America’s 500 biggest companies got a collective pay raise of 16% last year earning total compensation of $5.2 billion. Exercised stock options and vested stock awards account for 60% of total pay for this group of 500 firms. Those components of compensation is the reason these CEOs are on list of highest-paid. Schwartz took over the post of chief financial officer at Goldman Sachs on January 31, 2013. At that time he was also appointed as the company’s executive vice president. He joined the firm as a vice president and quickly moved up the ranks to managing director in 1999 and partner in 2002.

Stephen Angel’s net worth is estimated to be at least $149 million in 2019. Not only did compensation reach a high-water mark for hospital executives as a group, but there were also large individual increases in pay. In their final years, both Grant and Hannon marked substantial compensation increases.

Shoprite Holdings Limited, an investment company that engages in the food retailing business. He became highest paid cfo a millionaire at age 29 when he sold his share in the drug business Covan Zurich for $3 million.

Bruce L Tanner, Cfo And Executive Vp, Lockheed Martin

This amount included his salary, stock awards, perks, option awards, and bonus. Pet lovers‘ financial embrace of the online one-stop shop for furry family members made Chewy an extremely lucrative business. Its CEO was awarded $108.1 million in 2019, including stock options and salary.

• Both of their pay packages increased by around 165% from $41 million in 2017.
• Satya Nadella runs the technology giant, Microsoft which specializes in internet related services and products.
• The 200 C.E.O.s here come from a pool of public companies in the U.S. with annual revenue of at least $1 billion that filed proxies by April 30.
• But in January of 2018, the controversial chief was given a performance award of Tesla stock options tied to market cap and operational milestones that will vest in 12 tranches over a decade.
• While their base salaries remained the same and they didn’t receive any stock awards, their bonuses were five times higher and the stock options they received were six times higher.

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However, across all sectors it is evident that there is a general upward trend in CFO pay. Therefore, a rise in CFO pay for the next fiscal year can be expected. As featured in the Wall Street Journal, this Equilar study examined CFO pay across the Equilar 500—a subset of the largest U.S. public companies by revenue—from . Over the last 10 years, CFOs have not seen a substantial change in compensation, or how they are compensated. Although pay is increasing overall, the pay components discussed in this study could serve as indicators on what trends to expect in CFO pay over the next few years. Growthpoint, a property company whose Chief Executive Officer Norbert Sasse earns a total salary of about R25.3m.

He served as CIO for the pharmacy retailer for six years, and continues to serve as a consultant and senior advisor to the CIO on cybersecurity and other IT issues. The answer is an average compensation package of $3.6 million, according to a recent report from Janco Associates, which examined public records https://simple-accounting.org/ data to determine the earnings of top tech leaders. The report took into account base salaries, bonuses, stock options, and other sources of revenue. The state formally signed off on the acquisition of Mass Eye and Ear by Partners in 2018, a move that boosted the compensation of CEO Fernandez.

Robert joined Intel as the executive Vice president and first outside Chief Financial Officer in October 2016 replacing Stacy Smith. He has been serving Intel Corporation since January 2019 with his distinguished abilities as a CEO. She did so by reorganising some aspects of the company and bringing in even more financial discipline.

However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. With that in mind, here are the 10 highest paid CFOs in the country.

Therefore Milkbasket also decided to do the same, which is to sell milk but also hold an inventory of other staple products. also known as Nick Woodman was born on 24th June 1975 in Woodside, California, United States. Nick was on an adventure trip when he developed an idea that would turn him into a billionaire. This American technology company manufactures eponymous action cameras and develops its own mobile apps and video editing software. However, despite tough competition the company managed to achieve greater global visibility! Pichai joined Google in 2004 and worked on popular products like Toolbar, Google Gears and Google Pack before Chrome was launched! He later progressed immensely as he was promoted as the vice president of the product development department.

Prior to his current c-suite role he was the chief financial officer of GE Capital and senior vice president of GE Company. Bornstein highest paid cfo is a long-time employee of GE, joining the company in 1989 as part of GE Power Systems‘ Financial Management Program.

Both of their pay packages increased by around 165% from $41 million in 2017. While their base salaries remained the same and they didn’t receive any stock awards, their bonuses were five times higher and the stock options they received were six times higher. But in January of 2018, the controversial chief was given a performance award of Tesla stock options tied to market cap and operational milestones that will vest in 12 tranches over a decade. The rankings are compiled each year by Equilar, an executive compensation and corporate governance data firm.

David M Zaslav, Ceo Of Discovery Inc. (disc.a)

Aspen Pharmacare founded in 1997 trades on the Johannesburg Stock Exchange and it markets generic medicines in over 150 countries. His basic pay is totally about R61.6m about he has a Net worth of US$1.09 billion. Stephen Bradley Saad, aged 55years, is a South African billionaire businessman, who is the founder and chief executive officer of Aspen Pharmacare, the largest producer of generic medicines in Africa. Pichai Sundararajan , known as Sundar Pichai, is an Indian-American business executive. He is the chief executive officer of Alphabet Inc. and its subsidiary Google LLC. While we’ve been fed the narrative that only hard work and our will to make something out of ourselves matters, data has shown time and time again that this is not true.

Before leaving Comcast to serve as the CEO and chairman of his new strategic company, Angelakis had been working for Comcast as the chief financial officer for five years. What’s more, he is also a member of the board of directors of the FRBP . In 2014, he received a base salary of $1,759,331, restricted stock awards amounting to $4,475,224, as well as $3,812,724 worth highest paid cfo of option awards. Apart from this, he also received a non-equity incentive plan of about $5,541,892 and $3,285,263 in “other” compensation. Before that, he worked as the managing director for the popular social network. His massive compensation package, which amounted to a breathtaking $72,768,098, made him the highest paid chief financial officer in the U.S.

They are needed to project a favorable image of the company while finding useful ways to save money. Chief financial officers may oversee departments that are involved in accounts payable/receivable, debt management, tax, investments, pricing, and purchasing.

Recent changes like demonetisation and Goods and Services Tax has only served to dramatically change the business environment in India. As compliances increase, this trend of CFOs earning the most is likely to grow. As the financial world gets more complex and the compliances increase the role of the CFO will only increase. These are the top five companies where the CFO weighs more than the MD and CEO. Traditionally Chief Executive Officers have been known to draw the heftiest salaries and the biggest perks.

Campbell’s full compensation package includes a $US1 million per year salary alongside a bonus of $US6,150,000 and restricted stock awards of $US1,820,133. He also received option awards totaling $US679,819 and $US3,177,000 in non-equity incentive plan compensation. His compensation includes a salary of $US800,000 per year and restricted stock awards totaling $US9,339,750. He also received $US1,464,000 in non-equity incentive plan compensation and ‚other‘ compensation of $US1,007,050. She formerly worked as the CFO, Americas for Jones Lang LaSalle Incorporated. Martin joined Jones Lang LaSalle after 15 years with Heller Financial, where she held the titles of executive vice president, chief financial officer, and president of the real estate division. Luca Maestri serves as the senior vice president and the chief financial officer for Apple.

Notably, Ruth Porat, Google’s new $US70 million CFO is on our list, but not for her work with the Mountain View, California, company. We wanted to take a closer look at CFO pay packages and compiled a list of the highest-paid CFOs using data compiled by FindTheCompany. Our numbers are based on the publicly disclosed total compensation packages for the full year ending December 31, 2014. Rounding up the list of tech giants, Nadella earned $77.2 million from his salary, perks, stock awards, and a $10.7 million bonus in 2019. Coming in at number seven on the Index, Intel’s Swan earned $99 million in 2019.

CEO compensation for the 2018 fiscal year from Equilar, a corporate data firm, to identify the 25 highest-paid CEOs of the year. CEO compensation includes salary and any bonuses, stock and options grants, and benefits. Only CEOs who still hold their position were included in our analysis. We also considered company revenue for the most recent available fiscal year from financial disclosure statements filed with the SEC. Several other executives also reported large year-over-year raises.

The study, conducted by S&P Capital IQ, found that CFOs received a median pay increase of 13.9% with an average pay of $US3.8 million. In comparison, large-company CEOs received a bump of 13.5% for an average pay of $US13.6 million. The CEOs on this list tend to be concentrated in certain industries such as technology, energy, and health care.

In 1988, the business went public and, by 1992, Dell was established as the youngest CEO with a Fortune 500 company. In 2016, Dell acquired computer storage giant EMC in what was reported as the ‘highest-valued tech acquisition in history’ at $67 billion (£51.9 billion). The billionaire’s career, however, was far from luxurious at the very beginning. Pinault worked within his family’s timber business before founding Kering as a wood and building materials company in 1963. highest paid cfo Gradually, Pinault shifted Kering’s direction towards retail and, after purchasing a controlling stake in the Gucci Group in 1999, eventually focused exclusively on luxury retail. Leonid Mikhelson began his career as an engineer at the age of 22, working for a construction and assembling company in Siberia. From thereon he worked across multiple companies, before eventually becoming the general director of Novafinivest, a natural gas holding company now known as Novatek.

Pichette served as the senior vice president and chief financial officer for Google from August 2008 through May 2015, at which time he retired and was replaced by Morgan Stanley banker Ruth Porat. Prior to joining Google he served as an executive officer for Bell Canada Enterprises. His compensation package includes an annual salary of $US350,462 along with just over $US28 million in restricted stock awards. Mr. Lisenby has also received $US493,120 in non-equity incentive plan compensation.

In 2014, he received a whopping $27,112,617 compensation, which included a$953,846 base salary and $23,730,659 worth of restricted stock awards. He also received non- equity incentive plan compensation worth $2,400,000 and “other” compensation totaling $28,112. Apart from being the CFO at Acxiom, Jenson also serves as the executive vice president of the company and president of Acxiom International. His previous jobs included COO of Silver Spring Networks, and CFO of Electronic Arts Inc. In 2014, his compensation consisted of a $511,250 base salary and $25,500,057 worth of restricted stock awards.

The research shows that infrastructure and manufacturing firms tend to pay the top bucks to retain their finance heads. The top five companies who pay their CFOs the highest are JSW Steel, Rural Electrification Corp , Oil India Ltd, National Aluminium and Jyothy Laboratories. “Sometimes promoters take less salary, and they earn through dividends,” says Amit Agarwal, Managing Partner with an executive search firm, Stanton Chase India. She started as the company’s president in January 2004 and took over the CFO role in April 2011. Catz held Oracle’s interim CFO position from November 2005 until September 2008 and from April 2005 until July 2005. Catz has a long history with Oracle, joining the tech giant in 1999.

As the top financial expert of a corporation, chief financial officers can expect to handle and maintain the millions of dollars that move through an organization. As a result, CFOs should be compensated in accord with their high profile, fast-paced executive position. Companies must aim to craft a compensation package that matches the caliber of a CFOs work as a means to attract and retain top talent. At the same time, companies must ensure that pay incentivizes and motivates executives towards results. His big payday arrived in the form of restricted stock worth $US14,399,269 and non-equity incentive plan compensation valued at $US284,562. His ‚other‘ compensation was listed by the company at $US58,692. He also received $US11,335,043 in restricted stock awards and $US1,608,255 in non-equity incentive plan compensation.