Top 10 Highest Paid CEOs In 2023: Elon Musk Nowhere To Be Found, Where Tim Cook, Ted Sarandos Rank
Portfolio Pulse from Chris Katje
The latest report on the highest-paid CEOs of S&P 500 companies in 2023 reveals significant pay increases for several top executives, particularly in the technology sector. Notable mentions include Hock Tan of Broadcom, Nikesh Arora of Palo Alto Networks, and Tim Cook of Apple. The report also highlights the disparity between CEO pay and median worker pay, a topic of legislative interest.
May 23, 2024 | 7:56 pm
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NEUTRAL IMPACT
Tim Cook, CEO of Apple, earned $63.2 million in 2023, a 36.4% decrease from the previous year, ranking him sixth on the list.
Tim Cook's reduced compensation may not significantly impact Apple's stock in the short term, as the company remains fundamentally strong.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Ted Sarandos, co-CEO of Netflix, earned $50 million in 2023, ranking eighth on the list. His high pay comes amid Hollywood strikes and job cuts.
Ted Sarandos' high compensation amid industry strikes may lead to some negative sentiment, but Netflix's overall performance remains a key driver for its stock.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
David Zaslav, CEO of Warner Bros. Discovery, earned $49.7 million in 2023, with the highest cash compensation among the top-paid CEOs.
David Zaslav's high cash compensation may draw scrutiny, but its impact on Warner Bros. Discovery's stock is likely neutral in the short term.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Hock Tan, CEO of Broadcom, tops the list of highest-paid CEOs with $161.8 million in 2023, a 167% increase year-over-year. His compensation is tied to long-term performance targets.
Hock Tan's high compensation package, tied to long-term performance targets, indicates confidence in Broadcom's future performance, likely boosting investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nikesh Arora, CEO of Palo Alto Networks, saw his pay increase by 1,355% to $151.4 million in 2023, making him the second highest-paid CEO.
The significant increase in Nikesh Arora's compensation reflects strong company performance and investor confidence, likely leading to positive short-term stock movement.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100