10:58
Traffic jam:   5
$
93.5891
99.7934

Record-breaking CEO in Late 30s Outearns Apple's Tim Cook in Recent Year

5 July 2023
3381
2 min.
18
Record-breaking CEO in Late 30s Outearns Apple's Tim Cook in Recent Year

Unveiling the Elite Nine

Rarely do CEOs earn over $100 million in compensation, but Kiwi Camara, CEO of CS Disco, is among the select few. With a salary of $500,000 and $109 million in stock options, Camara's total compensation places him among the top-earning CEOs.

The Remarkable Story of Kiwi Camara

What sets Kiwi Camara apart is not just the magnitude of his compensation but the unique circumstances surrounding it. His total compensation combines a salary of $500,000 with $109 million in stock options, catapulting him into the league of highest earners.

It's important to note that Camara's stock options will only become available under specific conditions, such as meeting share price targets by 2032, a company acquisition, or his departure from the company. Nevertheless, this substantial increase in pay is truly remarkable for Camara, especially considering he earned only $1 million in 2021.

The Elite Group of Nine

Camara stands among a select group of nine CEOs who have secured compensation packages exceeding $100 million. Leading the pack is Stephen Schwarzman, the CEO of Blackstone, with an astounding $253 million pay package.

Within the exclusive circle of nine CEOs who have been awarded compensation packages exceeding $100 million, three are affiliated with S&P 500 firms: Sundar Pichai (Alphabet), Michael Rapino (Live Nation), and Safra Catz (Oracle). The remaining CEOs in this group are Stephen Scherr (Hertz), Barry McCarthy (Peloton), Douglas Ingram (Sarepta Therapeutics), and the recently appointed CEO of Pinterest, Bill Ready.

A Decline in $100 Million+ Earners

While the number of CEOs surpassing the $100 million threshold remains significant, there has been a decline compared to the previous year. In 2021, more than 20 CEOs earned over $100 million, whereas in 2022, the number decreased. This decline can be attributed to reduced equity awards for executives, as reported by C-Suite Comp.

Increased Scrutiny of Executive Pay

Investors and shareholders are becoming more skeptical of executive pay. A recent case illustrates this trend, with Netflix shareholders rejecting a pay package for co-CEO Ted Sarandos. The proposed package included a $3M salary, $20M in stock, and a potential $17M bonus.

Persons9 and Companies9 in the news

President and Chief Executive Officer of the Sarepta Therapeutics
1 place
President and CEO of Live Nation Entertainment
2 place
Businessman
3 place
Chair and Chief Executive Officer of Hertz
4 place
co-CEO and Chief Content Officer at Netflix
5 place
Chief Executive Officer of Peloton
6 place
CEO of Oracle
7 place
CEO of Google (Alphabet Inc)
8 place
Chairman and CEO
9 place
CS Disco
2 place
Hertz
4 place
Pinterest
6 place
Blackstone
7 place
Oracle
8 place
Section:

Discussion

Rating companies
Tesla
14 Mention
Instagram
14 Mention
Walt Disney Company
12 Mention
Netflix
11 Mention
JP Morgan Chase
10 Mention
Amazon
10 Mention
Ford Motor Company
10 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8117114248
Died this year
17322674
Born this year
42616844