As companies around the world struggle to mitigate the damage caused by the coronavirus pandemic, executive leadership is being put to the test. CEOs are facing intense scrutiny for how and when they are reopening their companies. While 2020 might see a freeze in CEO salary, 2019 was a good year for executive pay, as many chief executives were rewarded with huge compensation packages, often worth more than $20 million per year.
24/7 Wall St. reviewed information provided by public business information company MyLogIQ to determine the 50 highest paid CEOs of 2019. CEOs were ranked based on their total compensation, which typically includes salary, bonuses, stock options, and more. Median employee pay by company was also provided by MyLogIQ.
Many corporate leaders have to make difficult choices to help their companies through the pandemic — particularly those in vulnerable industries like oil and gas or entertainment. Many executives in these sectors have furloughed workers, scaled back operations, and reduced their own pay — like GE CEO Lawrence Culp who said he will forgo his salary for the rest of the year. These are the U.S. industries being devastated by the coronavirus.
The CEOs on this list tend to be concentrated in certain industries such as technology, energy, and health care. Even though employees in these fields tend to be relatively well compensated, all CEOs on this list make at least 100 times as much as the median pay of their employees. In some cases, they make more than 1,000 times as much. These are the CEOs that make 1,000 times more than their employees.
Click here to see the 50 highest paid CEOs in 2019
50. Gary R. Heminger (stepped down in March 2020)
> Company: Marathon Petroleum Corp
> Industry: Energy
> Total 2019 CEO compensation: $24.1 million
> Annual company revenue: $123.9 billion
> Median employee salary: $27,507
> CEO pay vs. median employee salary: 877 times higher
[in-text-ad]
49. Michael W. Lamach
> Company: Trane Technologies Plc
> Industry: Manufacturing
> Total 2019 CEO compensation: $24.2 million
> Annual company revenue: $16.6 billion
> Median employee salary: $54,757
> CEO pay vs. median employee salary: 442 times higher
48. Alfred F. Kelly Jr
> Company: Visa Inc.
> Industry: Financial services
> Total 2019 CEO compensation: $24.3 million
> Annual company revenue: $23.0 billion
> Median employee salary: $142,494
> CEO pay vs. median employee salary: 170 times higher
47. Laurence D. Fink
> Company: Blackrock Inc.
> Industry: Investment management
> Total 2019 CEO compensation: $24.3 million
> Annual company revenue: $14.5 billion
> Median employee salary: $133,644
> CEO pay vs. median employee salary: 182 times higher
[in-text-ad-2]
46. Alan B. Miller
> Company: Universal Health Services Inc
> Industry: Health care
> Total 2019 CEO compensation: $24.5 million
> Annual company revenue: $11.4 billion
> Median employee salary: $38,931
> CEO pay vs. median employee salary: 629 times higher
45. James M. Cracchiolo
> Company: Ameriprise Financial Inc
> Industry: Financial services
> Total 2019 CEO compensation: $24.5 million
> Annual company revenue: $13.0 billion
> Median employee salary: $106,428
> CEO pay vs. median employee salary: 230 times higher
[in-text-ad]
44. H. Lawrence Culp, Jr.
> Company: General Electric Co
> Industry: Industrial machinery manufacturing
> Total 2019 CEO compensation: $24.6 million
> Annual company revenue: $95.2 billion
> Median employee salary: $50,471
> CEO pay vs. median employee salary: 486 times higher
24/7 Wall St.
43. David M. Solomon
> Company: Goldman Sachs Group Inc
> Industry: Financial services
> Total 2019 CEO compensation: $24.7 million
> Annual company revenue: $36.5 billion
> Median employee salary: $138,854
> CEO pay vs. median employee salary: 178 times higher
42. Sheldon G. Adelson
> Company: Las Vegas Sands Corp
> Industry: Resorts and casinos
> Total 2019 CEO compensation: $24.7 million
> Annual company revenue: $13.7 billion
> Median employee salary: $42,228
> CEO pay vs. median employee salary: 584 times higher
[in-text-ad-2]
41. Norman Thomas Linebarger
> Company: Cummins Inc
> Industry: Industrial machinery manufacturing
> Total 2019 CEO compensation: $25.1 million
> Annual company revenue: $23.6 billion
> Median employee salary: $73,480
> CEO pay vs. median employee salary: 342 times higher
40. Alex Gorsky
> Company: Johnson & Johnson
> Industry: Health care products
> Total 2019 CEO compensation: $25.4 million
> Annual company revenue: $82.1 billion
> Median employee salary: $76,000
> CEO pay vs. median employee salary: 334 times higher
[in-text-ad]
39. Michael Corbat
> Company: Citigroup Inc
> Industry: Financial services
> Total 2019 CEO compensation: $25.5 million
> Annual company revenue: $74.3 billion
> Median employee salary: $52,988
> CEO pay vs. median employee salary: 481 times higher
38. Daniel H. Schulman
> Company: Paypal Holdings, Inc.
> Industry: Financial services
> Total 2019 CEO compensation: $25.8 million
> Annual company revenue: $17.8 billion
> Median employee salary: $70,405
> CEO pay vs. median employee salary: 367 times higher
37. Charles H. Robbins
> Company: Cisco Systems, Inc.
> Industry: Technology
> Total 2019 CEO compensation: $25.8 million
> Annual company revenue: $51.9 billion
> Median employee salary: $142,593
> CEO pay vs. median employee salary: 181 times higher
[in-text-ad-2]
36. Marc Benioff
> Company: Salesforce.com Inc
> Industry: Technology
> Total 2019 CEO compensation: $26.0 million
> Annual company revenue: $17.1 billion
> Median employee salary: $167,750
> CEO pay vs. median employee salary: 155 times higher
35. Brian T. Moynihan
> Company: Bank of America Corp
> Industry: Financial services
> Total 2019 CEO compensation: $26.0 million
> Annual company revenue: $91.2 billion
> Median employee salary: $94,256
> CEO pay vs. median employee salary: 276 times higher
[in-text-ad]
34. Michael F. Neidorff
> Company: Centene Corp
> Industry: Health care
> Total 2019 CEO compensation: $26.4 million
> Annual company revenue: $74.6 billion
> Median employee salary: $68,987
> CEO pay vs. median employee salary: 383 times higher
24/7 Wall St.
33. Samuel N. Hazen
> Company: HCA Healthcare, Inc.
> Industry: Health care
> Total 2019 CEO compensation: $26.8 million
> Annual company revenue: $51.3 billion
> Median employee salary: $56,012
> CEO pay vs. median employee salary: 478 times higher
32. Jeffery W. Yabuki
> Company: Fiserv Inc
> Industry: Technology
> Total 2019 CEO compensation: $27.6 million
> Annual company revenue: $10.2 billion
> Median employee salary: $65,254
> CEO pay vs. median employee salary: 423 times higher
[in-text-ad-2]
31. Kenneth C. Frazier
> Company: Merck & Co. Inc.
> Industry: Pharmaceuticals
> Total 2019 CEO compensation: $27.6 million
> Annual company revenue: $46.8 billion
> Median employee salary: $95,621
> CEO pay vs. median employee salary: 289 times higher
30. Gary A. Norcross
> Company: Fidelity National Information Services, Inc.
> Industry: Technology
> Total 2019 CEO compensation: $27.7 million
> Annual company revenue: $10.3 billion
> Median employee salary: $59,235
> CEO pay vs. median employee salary: 467 times higher
[in-text-ad]
29. Miles D. White (stepped down in March 2020)
> Company: Abbott Laboratories
> Industry: Health care
> Total 2019 CEO compensation: $27.8 million
> Annual company revenue: $31.9 billion
> Median employee salary: $84,434
> CEO pay vs. median employee salary: 329 times higher
28. Thomas A. Fanning
> Company: Southern Co
> Industry: Utilities
> Total 2019 CEO compensation: $27.9 million
> Annual company revenue: $21.4 billion
> Median employee salary: $167,872
> CEO pay vs. median employee salary: 166 times higher
27. Joseph W. Gorder
> Company: Valero Energy Corp
> Industry: Energy
> Total 2019 CEO compensation: $28.2 million
> Annual company revenue: $108.3 billion
> Median employee salary: $272,417
> CEO pay vs. median employee salary: 104 times higher
[in-text-ad-2]
26. Daniel O’Day
> Company: Gilead Sciences Inc
> Industry: Pharmaceuticals
> Total 2019 CEO compensation: $29.1 million
> Annual company revenue: $22.4 billion
> Median employee salary: $173,264
> CEO pay vs. median employee salary: 168 times higher
25. Robert A. Kotick
> Company: Activision Blizzard, Inc.
> Industry: Electronic gaming
> Total 2019 CEO compensation: $30.1 million
> Annual company revenue: $6.5 billion
> Median employee salary: $94,308
> CEO pay vs. median employee salary: 319 times higher
[in-text-ad]
24. Ryan Lance
> Company: ConocoPhillips
> Industry: Energy
> Total 2019 CEO compensation: $30.4 million
> Annual company revenue: $36.7 billion
> Median employee salary: $186,334
> CEO pay vs. median employee salary: 163 times higher
24/7 Wall St.
23. Hamid R. Moghadam
> Company: Prologis, Inc.
> Industry: Real estate investment
> Total 2019 CEO compensation: $30.4 million
> Annual company revenue: $3.3 billion
> Median employee salary: $117,751
> CEO pay vs. median employee salary: 258 times higher
22. Marillyn A. Hewson
> Company: Lockheed Martin Corp
> Industry: Defense
> Total 2019 CEO compensation: $30.9 million
> Annual company revenue: $59.8 billion
> Median employee salary: $154,883
> CEO pay vs. median employee salary: 200 times higher
[in-text-ad-2]
21. Jamie Dimon
> Company: JPMorgan Chase & Co
> Industry: Financial services
> Total 2019 CEO compensation: $31.6 million
> Annual company revenue: $115.6 billion
> Median employee salary: $80,431
> CEO pay vs. median employee salary: 393 times higher
20. James P. Gorman
> Company: Morgan Stanley
> Industry: Financial services
> Total 2019 CEO compensation: $31.6 million
> Annual company revenue: $38.9 billion
> Median employee salary: $127,414
> CEO pay vs. median employee salary: 248 times higher
[in-text-ad]
19. Greg C. Garland
> Company: Phillips 66
> Industry: Energy
> Total 2019 CEO compensation: $31.9 million
> Annual company revenue: $104.6 billion
> Median employee salary: $188,738
> CEO pay vs. median employee salary: 169 times higher
18. Randall L. Stephenson
> Company: AT&T Inc.
> Industry: Telecommunications
> Total 2019 CEO compensation: $32.0 million
> Annual company revenue: $181.2 billion
> Median employee salary: $98,630
> CEO pay vs. median employee salary: 325 times higher
17. Michael K. Wirth
> Company: Chevron Corp
> Industry: Energy
> Total 2019 CEO compensation: $33.1 million
> Annual company revenue: $146.5 billion
> Median employee salary: $140,063
> CEO pay vs. median employee salary: 236 times higher
[in-text-ad-2]
16. Charles W. Scharf
> Company: Wells Fargo & Company
> Industry: Financial services
> Total 2019 CEO compensation: $34.3 million
> Annual company revenue: $85.1 billion
> Median employee salary: $65,931
> CEO pay vs. median employee salary: 520 times higher
15. James Umpleby
> Company: Caterpillar Inc
> Industry: Industrial machinery manufacturing
> Total 2019 CEO compensation: $34.5 million
> Annual company revenue: $53.8 billion
> Median employee salary: $65,132
> CEO pay vs. median employee salary: 530 times higher
[in-text-ad]
14. Brian L. Roberts
> Company: Comcast Corp
> Industry: Entertainment
> Total 2019 CEO compensation: $36.4 million
> Annual company revenue: $108.9 billion
> Median employee salary: $78,869
> CEO pay vs. median employee salary: 461 times higher
13. Larry J. Merlo
> Company: CVS Health Corp
> Industry: Health care
> Total 2019 CEO compensation: $36.5 million
> Annual company revenue: $256.8 billion
> Median employee salary: $46,140
> CEO pay vs. median employee salary: 790 times higher
12. Reed Hastings
> Company: Netflix Inc
> Industry: Entertainment
> Total 2019 CEO compensation: $38.6 million
> Annual company revenue: $20.2 billion
> Median employee salary: $202,931
> CEO pay vs. median employee salary: 190 times higher
[in-text-ad-2]
11. Shantanu Narayen
> Company: Adobe Inc.
> Industry: Technology
> Total 2019 CEO compensation: $39.1 million
> Annual company revenue: $11.2 billion
> Median employee salary: $147,115
> CEO pay vs. median employee salary: 266 times higher
10. William R. Mcdermott
> Company: ServiceNow, Inc.
> Industry: Technology
> Total 2019 CEO compensation: $41.7 million
> Annual company revenue: $3.5 billion
> Median employee salary: $223,554
> CEO pay vs. median employee salary: 186 times higher
[in-text-ad]
9. Lachlan K. Murdoch
> Company: Fox Corp
> Industry: Broadcasting
> Total 2019 CEO compensation: $42.1 million
> Annual company revenue: $11.4 billion
> Median employee salary: N/A
> CEO pay vs. median employee salary: N/A
8. Satya Nadella
> Company: Microsoft Corp
> Industry: Technology
> Total 2019 CEO compensation: $42.9 million
> Annual company revenue: $125.8 billion
> Median employee salary: $172,512
> CEO pay vs. median employee salary: 249 times higher
7. Miguel Patricio
> Company: Kraft Heinz Co
> Industry: Food
> Total 2019 CEO compensation: $43.3 million
> Annual company revenue: $25.0 billion
> Median employee salary: $42,689
> CEO pay vs. median employee salary: 1,014 times higher
[in-text-ad-2]
6. David M. Zaslav
> Company: Discovery, Inc.
> Industry: Entertainment
> Total 2019 CEO compensation: $45.8 million
> Annual company revenue: $11.1 billion
> Median employee salary: $79,343
> CEO pay vs. median employee salary: 578 times higher
5. Robert A. Iger (stepped down in Feb. 2020)
> Company: Walt Disney Co
> Industry: Media
> Total 2019 CEO compensation: $47.5 million
> Annual company revenue: $69.6 billion
> Median employee salary: $52,184
> CEO pay vs. median employee salary: 911 times higher
[in-text-ad]
4. John C. Plant
> Company: Howmet Aerospace Inc.
> Industry: Industrial machinery
> Total 2019 CEO compensation: $51.7 million
> Annual company revenue: $14.2 billion
> Median employee salary: $55,497
> CEO pay vs. median employee salary: 932 times higher
3. Lisa T. Su
> Company: Advanced Micro Devices Inc
> Industry: Technology
> Total 2019 CEO compensation: $58.5 million
> Annual company revenue: $6.7 billion
> Median employee salary: $96,874
> CEO pay vs. median employee salary: 604 times higher
2. Robert H. Swan
> Company: Intel Corp
> Industry: Technology
> Total 2019 CEO compensation: $66.9 million
> Annual company revenue: $72.0 billion
> Median employee salary: $96,300
> CEO pay vs. median employee salary: 695 times higher
[in-text-ad-2]
1. Sundar Pichai
> Company: Alphabet Inc.
> Industry: Technology
> Total 2019 CEO compensation: $280.6 million
> Annual company revenue: $161.9 billion
> Median employee salary: $258,708
> CEO pay vs. median employee salary: 1,085 times higher
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
