The 15th edition of the Equilar 200, which analyzes compensation packages awarded to CEOs of U.S. public companies in fiscal year 2021, showed median total compensation for CEOs jumped to $23.2 million in 2021 , an increase of 29.4% over the previous year.
The Equilar 200 includes the largest pay packages awarded to CEOs of U.S. or publicly traded companies with more than $1 billion in revenue that filed proxy statements for fiscal year 2021 by April 30, 2022.
In this year’s study, published in partnership with The New York Times, 12 CEOs received compensation worth more than $100 million in 2021. Eight of those CEOs received compensation worth more than $100 million. at $200 million, two of which exceeded $500 million.
Over the past two years, many companies have chosen to reward their CEOs for staying in their roles and guiding their companies through the uncertainty of the pandemic with significant equity rewards, according to the report. In 2021, Equilar 200 CEOs received a median of $14 million in stock, a 14.4% increase from last year’s study.
The CEO pay ratio of Equilar 200 companies reached 298:1 in 2021, a jump from 274:1 in 2020. ‘Equilar 200 contributed to a higher ratio, the median salary of employees increased by only 1% in 2021 to $81,645 at these companies, compared to an increase of almost 30% in CEO compensation.
Median business revenue was $16.8 billion in 2021, while the median increase in sole proprietorship revenue was 19%.
See the gallery for the 16 highest paid CEOs in financial services.