In 2017, Hock Tan, the CEO of Broadcom, was the highest paid CEO among the largest companies in the United States, earning $103.2 million. This information was revealed in the Equilar200 study, a partnership with The New York Times, which analyzed the largest pay packages awarded to CEOs at U.S. public companies with more than $1 billion in revenue.
Key Facts
- Hock Tan earned $103.2 million in 2017, making him the highest paid CEO among the largest companies in the United States.
- The Equilar 200 study, in partnership with The New York Times, analyzed the largest pay packages awarded to CEOs at U.S. public companies with more than $1 billion in revenue.
- The study found that the median pay for the 200 highest-paid CEOs in fiscal year 2017 was $17.5 million, with a 14% pay raise at the median over the previous year.
- Two CEOs, Hock Tan of Broadcom and Frank Bisignano of First Data, were awarded $100 million or more in compensation in 2017.
- The CEO pay ratio, which compares the CEO’s pay to that of a median employee, was disclosed for many companies. The median CEO pay ratio for the Equilar 200 list was 275:1.
- The Equilar 200 study also revealed that the median total shareholder return in 2017 was 20%, compared to 14% in 2016 and 3% in 2015.
CEO Pay Trends
The Equilar200 study found that the median pay for the 200 highest-paid CEOs in fiscal year 2017 was $17.5 million, with a 14% pay raise at the median over the previous year. This indicates a significant increase in CEO pay compared to previous years.
Notable High Earners
In addition to Hock Tan, Frank Bisignano, the CEO of First Data, was also awarded over $100 million in compensation in 2017. These exceptionally high pay packages highlight the growing disparity between CEO pay and the median employee salary.
CEO Pay Ratio
The Equilar200 study also examined the CEO pay ratio, which compares the CEO’s pay to that of a median employee. The median CEO pay ratio for the Equilar200 list was 275:1. This ratio indicates that CEOs earn significantly more than the average employee, raising concerns about income inequality.
Shareholder Returns
The Equilar200 study also found that the median total shareholder return in 2017 was 20%, compared to 14% in 2016 and 3% in 2015. This suggests that companies with highly paid CEOs may not necessarily deliver better returns to shareholders.
Conclusion
The high pay packages awarded to CEOs in2017 raise questions about the fairness and sustainability of executive compensation practices. While CEOs may play a significant role in company success, the large gap between their pay and that of the average employee highlights the need for greater transparency and accountability in executive pay.
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Highest Paid CEO in 2017
Introduction
In 2017, Hock Tan, the CEO of Broadcom, was the highest paid CEO among the largest companies in the United States, earning $103.2 million. This information was revealed in the Equilar200 study, a partnership with The New York Times, which analyzed the largest pay packages awarded to CEOs at U.S. public companies with more than $1 billion in revenue.
CEO Pay Trends
The Equilar200 study found that the median pay for the 200 highest-paid CEOs in fiscal year 2017 was $17.5 million, with a 14% pay raise at the median over the previous year. This indicates a significant increase in CEO pay compared to previous years.
Notable High Earners
In addition to Hock Tan, Frank Bisignano, the CEO of First Data, was also awarded over $100 million in compensation in 2017. These exceptionally high pay packages highlight the growing disparity between CEO pay and the median employee salary.