It’s good to be king — and yes, 29 of the top 30 highest paid CEOs in 2019 were men, according to a ranking compiled by Equilar and The New York Times.
While the highest pay package of all didn’t go to the head of a financial services firm — it went to Elon Musk, totaling more than $2 billion — CEOs at financial services firms certainly didn’t suffer in 2018.
The annual Equilar 200 study, which analyzes the largest pay packages awarded to CEOs at U.S. public companies with more than $1 billion in revenue, detailed the total compensation received by those CEOs as well as the change in pay since 2017.
The median CEO pay package, according to Equilar, came in at $18.6 million in fiscal 2018. Pay raises? Also hefty, with a median increase of 16.4%. In 2017, the median pay raise was 14% in 2017 and just 9% in fiscal 2016. (Meanwhile, the average raise for regular employees in 2018 was around 3%, according to a Korn Ferry projection, although in real terms it amounted to just 1% because of the inflation rate.)
Equilar defines total compensation as “the sum of base salary, any cash bonuses, the grant data fair value of stock and options grants, and other compensation, which includes the value of benefits and perquisites.”
Check out the gallery for the 10 most highly paid CEOs in the financial services field in 2019, along with their rank on the overall Top 200 list. The asterisk signifies a new chief executive.
— Related on ThinkAdvisor: