Summary List Placement
Earlier this month, S&P Global Market Intelligence reported that average total CEO compensation for tech, media and communications executives was higher than all other sectors in 2019, at $26.3 million. The next highest paid group of CEOs were those in the financial services sector, whose average total compensation was $8 million less.
To better understand the compensation that technology and communications executives were receiving, we created a database of the most recent publicly available compensation data for information technology and communications firms in the S&P 500. The database below includes firms like Apple, Twitter, Verizon, Walt Disney, and Facebook.
What the people running the biggest tech and media companies earn
The database shows the most recently reported compensation data for executives from 93 firms — it includes salary, bonus awards, non-equity incentive plan awards, equity awards, and other compensation, all elements that typically make up total reported compensation for executives.
For example, our database can show you that while Twitter reported that its CEO Jack Dorsey made $1.40 in total compensation, the CFO and next three highest paid employees at Twitter made more than $6 million each in total compensation (type “Twitter” in the search bar).
If you search “Netflix,” you’ll see that Reed Hastings, Netflix’s CEO, made $700,000 in base salary, but that’s actually the lowest salary for the current executives listed in the streaming giant’s most recent proxy statement — the highest salary for a listed executive in the latest firm release was $18 million, which went to Netflix’s Chief Content Officer, Ted Sarandos. (It’s worth noting that Hastings came out ahead when you look at total compensation.)
Sorting through SEC filings for 93 companies
At various times of the year or with specific firm events, public companies are required to file financial documents and some news releases with the Securities and Exchange Commission, or the SEC. In one of these documents, called the proxy statement or the DEF 14A, firms must disclose the compensation for a group of executives called its “proxy officers,” which must include the CEO, CFO, and the three otherwise highest-compensated employees at the firm.
Proxy statements are released each year typically leading up to the annual shareholder meeting, so the compensation data there disclosed can provide good insight into how the firm is thinking about their compensation strategy and how it lines up with broader business goals.
The database is below, followed by a brief description of each column and what the numbers mean. In the table, you can click any title heading to sort (for example, you can click “Salary” to sort the table by salary from low to high, and click it again to sort from high to low), and you can also search for a specific executive or company using the search bar. The table also scrolls horizontally. Navigate or scroll to the right to view all available data.
Here’s what the terms in the table mean:
Salary: The salary an executive earns in a given year.
Bonus/non-equity incentive plan: Typically cash grants for performance …read more
Source:: Business Insider