The chief executive officers of America’s largest companies have enjoyed pay raises most years for decades. That was interrupted at some public corporations, as the COVID-19 pandemic caused some of them to agree to salary cuts due to a decline in earnings or large layoffs of their workers. U.S. Securities and Exchange Commission (SEC) data for corporate compensation in 2021 shows how sharp the reversal can be. Dozens of CEOs have pay packages that range into the tens of millions of dollars. The lowest-paid CEO in America, however, is also one of the world’s richest men: Warren Buffet. (And these are the lowest-paying American companies.)
America does have a tradition of the $1 CEO. Steve Jobs was paid only $1 each year from 1997 through 2011. Apple could have paid him more, and he could have claimed he was due much higher compensation. However, the $1 was meant to show that he was in the same boat as investors. He owned hundreds of millions of dollars worth of Apple shares. If the stock rose, he benefited along with the other shareholders.
Most other CEOs in the $1 club have been in the tech industry and have owned large parts of their companies. This club has included Mark Zuckerberg of Facebook and Jack Dorsey of Twitter.
Proxies, which show CEO and other top executive pay as required by the SEC, have been posted by most S&P 500 companies. MyLogIQ, which uses machine learning and artificial intelligence to sort and explore SEC data, has provided 24/7 Wall St. with compensation data for S&P 500 companies that have released their proxies. (Here’s a look at the largest company in every state.)
Click here to see the lowest-paid CEOs in America
Some CEOs received astonishingly high pay last year. David Zaslav of Discovery made over $246 million. The media company he runs is small by global media company standards. This year, however, he will gain control of Warner Media, because of a deal for him to manage AT&T’s media assets. Maybe then his remarkably high compensation will make sense – if he turns around the battered media company.
In contrast, there’s Warren Buffett. Buffet, who will be 92 years old later this year, took over Berkshire Hathaway in 1966. Through buyouts of dozens of companies, and partial ownership in others, he has built it into a public corporation with earnings of $90 billion last year. Its market cap is nearly $800 billion. Buffet has become among the richest people in the world, with a net worth of over $100 billion. Last year, Buffet’s pay was $373,204. His cash salary was $100,000. Berkshire’s shares have risen almost 100% in the past two years, so he has been extremely well-rewarded nonetheless.
Data provided by MyLogIQ
50. Jonathan J. Mazelsky
> Company: Idexx Laboratories Inc
> Total compensation: $9,065,021
> Salary: $976,923
> Stock awards: $1,500,029
> Short-term incentives: $2,062,500
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49. J. Kent Masters, Jr
> Company: Albemarle Corp
> Total compensation: $9,040,753
> Salary: $1,071,923
> Stock awards: $4,177,432
> Short-term incentives: $2,181,372
24/7 Wall St.
48. Donald G. Macpherson
> Company: W.W. Grainger, Inc.
> Total compensation: $9,015,594
> Salary: $1,090,225
> Stock awards: $5,241,816
> Short-term incentives: $2,343,000
47. Donnie King
> Company: Tyson Foods Inc
> Total compensation: $8,999,444
> Salary: $980,462
> Stock awards: $3,669,000
> Short-term incentives: $2,679,698
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46. Matthew T. Farrell
> Company: Church & Dwight Co Inc
> Total compensation: $8,889,526
> Salary: $1,117,400
> Stock awards: N/A
> Short-term incentives: $1,130,800
45. John N. Roberts Iii
> Company: Jb Hunt Transport Services Inc
> Total compensation: $8,801,881
> Salary: $937,115
> Stock awards: $6,042,085
> Short-term incentives: $1,175,000
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44. Craig W. Jelinek
> Company: Costco Wholesale Corp
> Total compensation: $8,752,252
> Salary: $1,032,885
> Stock awards: $7,049,636
> Short-term incentives: $460,000
24/7 Wall St.
43. Norman D. Schwartz
> Company: Bio Rad Laboratories Inc
> Total compensation: $8,695,925
> Salary: $987,885
> Stock awards: $4,126,907
> Short-term incentives: $2,132,330
42. Liam J. Kelly
> Company: Teleflex Inc
> Total compensation: $8,673,634
> Salary: $981,539
> Stock awards: $2,664,264
> Short-term incentives: $1,684,260
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41. Christopher M. Gorman
> Company: Keycorp/
> Total compensation: $8,653,484
> Salary: $1,000,000
> Stock awards: $3,869,989
> Short-term incentives: $3,300,000
40. Miguel Patricio
> Company: Kraft Heinz Co
> Total compensation: $8,605,599
> Salary: $1,000,000
> Stock awards: $3,743,976
> Short-term incentives: $2,875,193
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39. Mark Douglas
> Company: Fmc Corp
> Total compensation: $8,489,671
> Salary: $1,089,375
> Stock awards: $3,296,620
> Short-term incentives: $2,320,763
38. Gary W. Rollins
> Company: Rollins Inc
> Total compensation: $8,393,601
> Salary: $1,400,000
> Stock awards: $4,458,000
> Short-term incentives: $2,100,000
37. Christophe Beck
> Company: Ecolab Inc
> Total compensation: $8,365,888
> Salary: $1,000,000
> Stock awards: $2,879,914
> Short-term incentives: $1,426,047
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36. Gary L. Coleman
> Company: Globe Life Inc.
> Total compensation: $8,353,754
> Salary: $1,000,096
> Stock awards: $3,244,560
> Short-term incentives: $1,520,000
35. Larry M. Hutchison
> Company: Globe Life Inc.
> Total compensation: $8,323,666
> Salary: $1,000,096
> Stock awards: $3,244,560
> Short-term incentives: $1,520,000
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34. Robert M. Blue
> Company: Dominion Energy, Inc
> Total compensation: $8,161,083
> Salary: $1,225,000
> Stock awards: $3,250,001
> Short-term incentives: $1,753,857
24/7 Wall St.
33. Gary S. Guthart
> Company: Intuitive Surgical Inc
> Total compensation: $8,059,409
> Salary: $846,119
> Stock awards: $2,976,672
> Short-term incentives: $1,376,466
32. Jon Vander Ark
> Company: Republic Services, Inc.
> Total compensation: $7,925,408
> Salary: $906,539
> Stock awards: $4,665,286
> Short-term incentives: N/A
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31. Michael C. Petters
> Company: Huntington Ingalls Industries, Inc.
> Total compensation: $7,714,067
> Salary: $1
> Stock awards: $4,399,947
> Short-term incentives: $2,750,000
30. Curtis C. Farmer
> Company: Comerica Inc/
> Total compensation: $7,696,094
> Salary: $1,015,827
> Stock awards: $3,430,854
> Short-term incentives: $2,740,500
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29. Donald C. Wood
> Company: Federal Realty Investment Trust
> Total compensation: $7,520,917
> Salary: $950,000
> Stock awards: $5,213,719
> Short-term incentives: $1,335,938
28. Walter J. Lynch
> Company: American Water Works Company, Inc.
> Total compensation: $7,398,128
> Salary: $994,616
> Stock awards: $3,999,969
> Short-term incentives: $1,266,022
27. Michael J. Schall
> Company: Essex Property Trust, Inc.
> Total compensation: $7,183,068
> Salary: $900,000
> Stock awards: $3,075,200
> Short-term incentives: $2,500,000
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26. Richard E. Allison Jr
> Company: Dominos Pizza Inc
> Total compensation: $7,138,002
> Salary: $904,000
> Stock awards: $2,556,092
> Short-term incentives: $2,504,080
25. Lisa Palmer
> Company: Regency Centers Corp
> Total compensation: $7,026,315
> Salary: $900,000
> Stock awards: $3,950,257
> Short-term incentives: $2,160,000
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24. Kevin J. Wheeler
> Company: A O Smith Corp
> Total compensation: $6,897,982
> Salary: $1,000,000
> Stock awards: $1,386,088
> Short-term incentives: $2,917,000
23. Garrick J. Rochow
> Company: Cms Energy Corp
> Total compensation: $6,871,068
> Salary: $1,050,000
> Stock awards: $4,601,980
> Short-term incentives: $953,925
22. Rene F. Jones
> Company: M&T Bank Corp
> Total compensation: $6,868,174
> Salary: $1,000,000
> Stock awards: $3,400,240
> Short-term incentives: N/A
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21. Eric D. Ashleman
> Company: Idex Corp
> Total compensation: $6,719,772
> Salary: $900,000
> Stock awards: $2,323,931
> Short-term incentives: $1,467,000
20. Robert Mehrabian
> Company: Teledyne Technologies Inc
> Total compensation: $6,567,058
> Salary: $943,077
> Stock awards: $792,086
> Short-term incentives: $1,884,600
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19. Steven J. Johnston
> Company: Cincinnati Financial Corp
> Total compensation: $6,490,767
> Salary: $1,103,055
> Stock awards: $1,475,180
> Short-term incentives: $2,761,844
18. J. Kevin Akers
> Company: Atmos Energy Corp
> Total compensation: $6,467,314
> Salary: $900,077
> Stock awards: $2,957,744
> Short-term incentives: $900,077
17. Joseph R. Nolan Jr
> Company: Eversource Energy
> Total compensation: $6,467,078
> Salary: $1,004,424
> Stock awards: $1,441,650
> Short-term incentives: $2,250,000
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16. James S. Tisch
> Company: Loews Corp
> Total compensation: $6,119,523
> Salary: $975,000
> Stock awards: $900,000
> Short-term incentives: N/A
15. Peter D. Arvan
> Company: Pool Corp
> Total compensation: $5,575,384
> Salary: $525,000
> Stock awards: $2,889,832
> Short-term incentives: $1,050,000
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14. F. Philip Snow
> Company: Factset Research Systems Inc
> Total compensation: $5,468,745
> Salary: $637,077
> Stock awards: $1,750,063
> Short-term incentives: $1,320,000
24/7 Wall St.
13. Jeffrey S. Lorberbaum
> Company: Mohawk Industries Inc
> Total compensation: $5,190,696
> Salary: $1,308,437
> Stock awards: $1,901,669
> Short-term incentives: N/A
12. Benito Minicucci
> Company: Alaska Air Group, Inc.
> Total compensation: $5,130,162
> Salary: $572,269
> Stock awards: $2,685,881
> Short-term incentives: $892,090
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11. Harris H. Simmons
> Company: Zions Bancorporation, National Association
> Total compensation: $4,656,113
> Salary: $1,030,000
> Stock awards: $1,021,348
> Short-term incentives: $1,449,210
10. Martin J. Lyons Jr
> Company: Ameren Corp
> Total compensation: $4,305,713
> Salary: $755,000
> Stock awards: $2,427,141
> Short-term incentives: N/A
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9. Richard J. Campo
> Company: Camden Property Trust
> Total compensation: $4,285,423
> Salary: $600,196
> Stock awards: $2,008,427
> Short-term incentives: $1,673,800
8. Paul C. Saville
> Company: Nvr Inc
> Total compensation: $4,162,400
> Salary: $2,075,000
> Stock awards: N/A
> Short-term incentives: $2,075,000
7. Joseph Dominguez
> Company: Constellation Energy Corp
> Total compensation: $3,352,277
> Salary: $752,504
> Stock awards: $1,130,048
> Short-term incentives: $846,880
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6. Chad R. Richison
> Company: Paycom Software, Inc.
> Total compensation: $2,958,410
> Salary: $753,701
> Stock awards: N/A
> Short-term incentives: $1,479,630
5. Erik W. Carlson
> Company: Dish Network Corp
> Total compensation: $2,895,882
> Salary: $1,000,000
> Stock awards: $150,025
> Short-term incentives: N/A
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4. Daniel L. Florness
> Company: Fastenal Co
> Total compensation: $2,423,614
> Salary: $717,500
> Stock awards: N/A
> Short-term incentives: $1,165,000
3. Charles V. Magro
> Company: Corteva, Inc.
> Total compensation: $792,786
> Salary: $255,389
> Stock awards: N/A
> Short-term incentives: $531,700
2. A. Jayson Adair
> Company: Copart Inc
> Total compensation: $490,647
> Salary: $1
> Stock awards: N/A
> Short-term incentives: N/A
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1. Warren E. Buffett
> Company: Berkshire Hathaway Inc
> Total compensation: $373,204
> Salary: $100,000
> Stock awards: N/A
> Short-term incentives: N/A
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