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Ranked: The Highest Paid CEOs in the S&P 500

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Highest Paid CEOs of S&P 500

Ranked: The Highest Paid CEOs in the S&P 500

Many of the world’s most valuable companies are listed on the S&P 500, the benchmark index for the U.S. stock market.

For this reason, it is no surprise to see that CEOs of these key companies have multi-million dollar compensation packages. But what do these pay packages comprise? And do these CEOs always receive the compensation they are awarded? Or does it increase and decrease with stock market fluctuations?

In today’s infographic, we use data published by The Wall Street Journal to show the highest paid CEOs of S&P 500 companies in 2022, and delve into what their compensation includes.

The 20 Highest Paid CEOs

The compensation packages of CEOs of S&P 500 companies comprise not just salaries, but bonuses, stock awards, and other incentives.

Here are the CEOs of S&P 500 companies that were awarded the highest pay packages last year, and the sectors they belong to.

CEOCompanySectorTotal Pay
Sundar PichaiAlphabetCommunication Services$226M
Michael RapinoLive Nation EntertainmentCommunication Services$139M
Tim CookAppleInfo Tech$99M
Peter ZaffinoAmerican International GroupFinancials$75M
Hock TanBroadcomInfo Tech$61M
Vicente ReynalIngersoll RandIndustrials$55M
Reed HastingsNetflix Communication Services$51M
Theodore SarandosNetflixCommunication Services$50M
Hamid MoghadamPrologis Real Estate$48M
Stephen SqueriAmerican Express Financials$48M
James GormanMorgan StanleyFinancials$39M
David ZaslavWarner Bros. DiscoveryCommunication Services$39M
William McDermottServiceNowInfo Tech$39M
Mark BegorEquifaxIndustrials$37M
Darren W. WoodsExxon MobilEnergy$36M
David SimonSimon Property GroupReal Estate$36M
James DimonJPMorgan ChaseFinancials$35M
Julie SweetAccentureInfo Tech$34M
Albert BourlaPfizerMedical$33M
Laurence FinkBlackRockFinancials$33M

Sundar Pichai, CEO of Google’s parent company, Alphabet, topped the list with an awarded pay package valued at around $226 million, which was over 800 times Google’s median employee compensation. His pay package included his annual salary of $2 million, a sum of $6 million for his personal security and stock awards valued at $218 million.

Meanwhile, Live Nation Entertainment CEO Michael Rapino’s awarded pay package shot up to $139 million in 2022 from almost $14 million the previous year. This included stock awards initially valued at $116 million. Tech companies Apple and Broadcom were not far behind. While Apple CEO Tim Cook’s compensation package was valued at $99 million in 2022, Broadcom’s president and CEO Hock Tan was awarded $61 million.

Other CEOs that made it to the list include global insurance giant AIG’s CEO, Peter Zaffino, and Netflix’s co-CEOs Ted Sarandos and Reed Hastings. While Hastings received a $10 million hike last year, he stepped down from this role in January 2023.

Rising Median CEO Income Hits a Wall

Over the last decade, the median pay awarded to CEOs across S&P 500 companies has doubled.

YearMedian Total Compensation for S&P 500 CEOsChange (%)
2010$7.68Mn/a
2011$7.56M-2%
2012$6.96M-8%
2013$7.95M14%
2014$9.35M18%
2015$9.72M4%
2016$9.93M2%
2017$10.62M7%
2018$11.81M11%
2019$12.20M3%
2020$13.43M10%
2021$14.67M9%
2022$14.50M-1%

In 2021, this number hit a high of $14.7 million.

However, in 2022, the median CEO compensation package hit a wall for the first time in a decade as it slightly fell to $14.5 million.

Compensation Actually Paid

A compensation package dependent on market valuation means that these CEOs may receive more or less than the pay they are slated to receive.

This is because most stock awards aren’t granted when announced, but instead vest over time, becoming subject to changes in share prices.

In 2022, the SEC introduced new disclosure rules for companies to report this realized value for executive pay packages, appropriately called “compensation actually paid.”

CEOCompanyTotal PayCompensation Paid
Sundar PichaiAlphabet$226M$116M
Michael RapinoLive Nation Entertainment$139M$36M
Tim CookApple$99MN/A
Peter ZaffinoAmerican International Group$75M$91M
Hock TanBroadcom$61MN/A
Vicente ReynalIngersoll Rand$55M$51M
Reed HastingsNetflix$51M$50M
Theodore (Ted) SarandosNetflix$50M$50M
Hamid. MoghadamPrologis$48M-$8M
Stephen SqueriAmerican Express$48M$43M
James GormanMorgan Stanley$39M$31M
David ZaslavWarner Bros. Discovery$39M-$41M
William McDermottServiceNow$39M-$76M
Mark BegorEquifax$37M-$19M
Darren WoodsExxon Mobil$36M$90M
David SimonSimon Property Group$36M$30M
James DimonJPMorgan Chase$35M$37M
Julie SweetAccenture$34MN/A
Albert BourlaPfizer$33M$6M
Laurence FinkBlackRock$33M-$6M

The Wall Street Journal report revealed that many of the top-paid S&P 500 CEOs in 2022 received much smaller pay packages due to market fluctuations.

For example, Sundar Pichai ended up receiving about $116 million as the value of Alphabet’s stock dropped at the time that his grants vested. Similarly, Michael Rapino was paid almost $36 million, though his stock awards will continue vesting for another five years.

Barring Pichai, many of the names of the highest paid S&P 500 CEOs were eclipsed by CEOs of several energy companies, like Exxon Mobil and Chevron, whose stock prices shot up in 2022.

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U.S. Debt Interest Payments Reach $1 Trillion

U.S. debt interest payments have surged past the $1 trillion dollar mark, amid high interest rates and an ever-expanding debt burden.

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This line chart shows U.S. debt interest payments over modern history.

U.S. Debt Interest Payments Reach $1 Trillion

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The cost of paying for America’s national debt crossed the $1 trillion dollar mark in 2023, driven by high interest rates and a record $34 trillion mountain of debt.

Over the last decade, U.S. debt interest payments have more than doubled amid vast government spending during the pandemic crisis. As debt payments continue to soar, the Congressional Budget Office (CBO) reported that debt servicing costs surpassed defense spending for the first time ever this year.

This graphic shows the sharp rise in U.S. debt payments, based on data from the Federal Reserve.

A $1 Trillion Interest Bill, and Growing

Below, we show how U.S. debt interest payments have risen at a faster pace than at another time in modern history:

DateInterest PaymentsU.S. National Debt
2023$1.0T$34.0T
2022$830B$31.4T
2021$612B$29.6T
2020$518B$27.7T
2019$564B$23.2T
2018$571B$22.0T
2017$493B$20.5T
2016$460B$20.0T
2015$435B$18.9T
2014$442B$18.1T
2013$425B$17.2T
2012$417B$16.4T
2011$433B$15.2T
2010$400B$14.0T
2009$354B$12.3T
2008$380B$10.7T
2007$414B$9.2T
2006$387B$8.7T
2005$355B$8.2T
2004$318B$7.6T
2003$294B$7.0T
2002$298B$6.4T
2001$318B$5.9T
2000$353B$5.7T
1999$353B$5.8T
1998$360B$5.6T
1997$368B$5.5T
1996$362B$5.3T
1995$357B$5.0T
1994$334B$4.8T
1993$311B$4.5T
1992$306B$4.2T
1991$308B$3.8T
1990$298B$3.4T
1989$275B$3.0T
1988$254B$2.7T
1987$240B$2.4T
1986$225B$2.2T
1985$219B$1.9T
1984$205B$1.7T
1983$176B$1.4T
1982$157B$1.2T
1981$142B$1.0T
1980$113B$930.2B
1979$96B$845.1B
1978$84B$789.2B
1977$69B$718.9B
1976$61B$653.5B
1975$55B$576.6B
1974$50B$492.7B
1973$45B$469.1B
1972$39B$448.5B
1971$36B$424.1B
1970$35B$389.2B
1969$30B$368.2B
1968$25B$358.0B
1967$23B$344.7B
1966$21B$329.3B

Interest payments represent seasonally adjusted annual rate at the end of Q4.

At current rates, the U.S. national debt is growing by a remarkable $1 trillion about every 100 days, equal to roughly $3.6 trillion per year.

As the national debt has ballooned, debt payments even exceeded Medicaid outlays in 2023—one of the government’s largest expenditures. On average, the U.S. spent more than $2 billion per day on interest costs last year. Going further, the U.S. government is projected to spend a historic $12.4 trillion on interest payments over the next decade, averaging about $37,100 per American.

Exacerbating matters is that the U.S. is running a steep deficit, which stood at $1.1 trillion for the first six months of fiscal 2024. This has accelerated due to the 43% increase in debt servicing costs along with a $31 billion dollar increase in defense spending from a year earlier. Additionally, a $30 billion increase in funding for the Federal Deposit Insurance Corporation in light of the regional banking crisis last year was a major contributor to the deficit increase.

Overall, the CBO forecasts that roughly 75% of the federal deficit’s increase will be due to interest costs by 2034.

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