Tue 31 May 2022:
Elon Musk, the CEO of Tesla and SpaceX, has topped the Fortune 500’s list of most highly compensated CEOs in 2021.
Following Musk, the top ten highest-paid Fortune 500 CEOs in 2021 are all from the IT and biotech industries, including Apple’s Tim Cook, Netflix’s Reed Hastings, and Microsoft’s Bill Gates (Satya Nadella).
In 2021, Musk “realised” compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear “moonshot” grant.
That was — by far — the biggest CEO payday in 2021, according to Fortune.
Tesla ranked 65 on this year’s Fortune 500. The company had a blockbuster in 2021, bringing in $53.8 billion in revenue, up 71 per cent from 2020.
Meanwhile, the Apple CEO made $770.5 million in 2021 alone, largely as part of a $1.7 billion 10-year stock grant. On the Fortune 500, the tech giant is ranked number three.
The company experienced challenges as a result of the global chip shortage, but it was able to successfully manufacture the equipment in-house, according to the article.
Hang, the co-founder of NVIDIA, and Netflix CEO Reed Hastings came in third and fourth, respectively.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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