CEOs of Alphabet, Apple, Broadcom and Netflix had among best tech compensation packages in 2022 – Silicon Valley … – The Business Journals
This gallery looks at the highest-paid technology CEOs at publicly traded companies in 2022. Rankings are based on SEC filings
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Among tech companies with the best-paid CEOs, four of the top 10 are based in Silicon Valley. Collectively, those companies offered nearly half-a-billion dollars in CEO compensation in 2022.
Among tech companies with the best-paid CEOs, four of the top 10 are based in Silicon Valley. Collectively, those local companies offered nearly half-a-billion dollars in CEO compensation in 2022.
Alphabet Inc. and Google LLC CEO Sundar Pichai topped the list with 2022 compensation totaling $225.9 million. Of that, $2 million was his actual salary while $218 million came from stock awards. Another $5 million was to pay for his private security services.
Last year’s other best-compensated CEOs of companies based in Silicon Valley are:
Three other companies that don’t have their headquarters in Silicon Valley but have major operations here also are in the top 10: No. 2 Crowdstrike (Nasdaq: CRWD); No. 4 Oracle Corp. (NYSE: ORCL); and No. 9 Microsoft Inc. (Nasdaq: MSFT)
Click through the gallery above to get the full compensation details for these technology companies as well as all others that made the top 30. The analysis, taken from SEC filings and Bloomberg data, included CEOs of software, hardware, semiconductor, biotech and other digital services firms.
Even with these high compensation packages, the industry’s rocky recent ride in the stock market cut into the actual value of their compensation.
On the whole, stock prices for tech companies have struggled, meaning many stock awards issued in early 2022 are now worth far less than when they were initially awarded. Of the tech companies with the 50 highest-paid CEOs, the average stock price dropped nearly 35% in 2022.
The data shows the wide gap between CEO compensation and median employee pay remains. The average ratio of CEO compensation to median employee pay at the 50 companies was 413:1. The CEO to median pay ratios often widely vary — even within the same industry — due to the mix of employees at a company.
Businesses with a significant concentration of workers in the manufacturing or retail sectors often have ratios of more than 1,000 to 1. Companies with a predominantly white-collar workforce or smaller headcounts generally have much lower ratios.
Total compensation
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