10 of the highest-paid CEOs in the US – their salaries, ranked: from Apple’s Tim Cook to the CEOs of Microsoft and Adobe – and one female leader with a 9-figure compensation package
- Leading a billion-dollar company is no mean feat, with CEOs often having to achieve stratospheric targets and answer to shareholders – but the job comes with some of the heftiest pay packages around
- In the US, the CEOs of tech companies like Apple and Microsoft receive some of the highest compensations, but the beauty company Coty’s boss is making bank too, as are cybersecurity leaders
It should come as no surprise that it pays to climb your way to the top of the organisational hierarchy.
About halfway through this year’s proxy season, Equilar, the company that analyses data on executive compensation, has revealed that the median compensation package for American CEOs was valued at a cool US$23.7 million in 2023, a jump of 11.4 per cent from the previous year. The data was based on proxy statements filed through March 31.
The jump in compensation was stronger than the 7.7 per cent increase CEOs overall saw at this point last year, according to Equilar data.
1. Hock Tan, CEO of Broadcom
Estimated compensation: US$161.8 million
The company had US$35.8 billion in revenue in the financial year of 2023. Tan announced in 2017 that Broadcom would move its headquarters to the US from Singapore; the move was finalised in 2018, per Reuters.