2021 ushers in the 7th Annual report of the 100 Most Overpaid CEOs of the S&P500: Are Fund Managers Asleep at the Wheel? This means that despite several categories of people are still struggling to make ends meet, these CEOs of the top companies of the world are getting overpaid by the minute. They are rightfully billionaires who have established quite the legacy for themselves in their years of work.
You might be aware of some or all of them. Google’s CEO Sundar Pichai takes the lead.
Sundar Pichai
Sundar Pichai is the CEO of Alphabet Inc that segments Google, one of the biggest companies in the world. He receives pay of USD $280,621,552 and an excess payment of USD $267 million! His worker to CEO ratio is 1085:1. as his success story lives to inspire everyone at Google and the world. He is of Indian origin, born in Chennai, India, and is an alumnus of IIT Kharagpur.
David Zaslav
David Zaslav is the CEO of Discover Inc and receives a CEO pay of USD $45,843,912 annually. In addition to this, his excess payment comes up to USD $33,823,935. He has been the President of his company from 2007 to 2018, overseeing all major operations in the firm.
Larry J. Merlo
Larry J. Merlo is the CEO of CVS Health, the largest American healthcare chain issuing medical products, healthcare supplements, vaccines, and more. At the age of 65 years this year, he finally retired from his position. Larry earns a CEO pay of USD $36,451,749 annually with an extra income of $24,311,079.
John. C. Plant
The CEO of Howmet Aerospace, John. C. Plant, served his interim till 2020, taking an annual pay cut of USD $51,712,578. He also received an additional income of $39,321,473. The company is the largest manufacturer of engineered metal products in the world. The products and solutions are vastly used for aerospace applications.
Robert Iger
Who doesn’t know Robert Iger? He served as the CEO of Walt Disney Companies from 2005 to 2020 and recently acquired the position of Executive Chairman. He takes a pay cut of USD $47,517,762 annual with extra revenue worth $34,885,856.
Source: Yahoo News
