Total 2022 pay: $6,903,089
Total 2023 pay: $6,260,072 - a $643,017 decrease
Base chair pay: $600,000
2023 chair bonuses and other incentives: $5,622,600
Sources:
For comparison, here are other executive salaries ($0 bonuses for each)
| Executive name | Title | Total Pay (2023) |
|---|---|---|
| MARK SURMAN | PRESIDENT & EXECUTIVE DIRECTOR | 715,143 |
| J. BOB ALOTTA | SVP, GLOBAL PROGRAMS | 508,138 |
| ANGELA PLOHMAN | COO, SECRETARY & TREASURER | 452,234 |
| ASHLEY BOYD | SVP, GLOBAL ADVOCACY | 427,701 |
| ZHILUN PANG | DIRECTOR OF FINANCE | 273,069 |
| DAVID WALKER | SENIOR COUNSEL | 268,565 |
| LAINIE DECOURSY | DIRECTOR, ORG EFFECTIVENESS | 267,028 |
| JUAN BARANI | SENIOR DIRECTOR, GIFT PLANNING | 262,879 |
| STEPHANIE WRIGHT | SR PROGRAM MANAGER, MOZFEST | 236,785 |
CEO of a major company? Sounds like reasonable pay to me… The problem is that most workers are not getting paid what they deserve (assume this is correct pay for a top level CEO and adjust your thinking on what fair pay actually is accordingly) It’s not the CEOs (or doctors, lawyers, actors, etc) who are the root problem… It’s the kids born with a billion shares of fortune 500 stock who either grow up to be Trump/Elon or just do fuck all their whole life, but still get to rake in 90% of all “profits”. The people who inherited owning the whole world, they are the problem. The CEOs are just assholes willing to work for the people born into wealth… They still suck, and they uphold the shit system for their own benefit, but I don’t think they are hoarding the wealth, and I think the wealth being hoarded is the ultimate problem.
The average salary in the US is about 66k, meaning that for this to be justified it makes sense that one man gets the same compensation as about 105 average salaries. Does it still sound like reasonable pay?
Sounds like those 105 employees aren’t being paid what they should be. Pay them more. Leave this guy’s pay alone.
Personally I’d say, if top level CEO pay is $6.5m, and we set that as reasonable pay for that level job, and maybe we say the top should earn 20x the bottom, then the average pay in the US should be $325k. Which sounds perfectly reasonable to me. Stop thinking in terms of dragging the top down… Think in terms of lifting everyone else up. If the owners need to own less for this to happen, then so be it
“Just pay everyone more” is nice idea - but obviously that would require a lot of additional money. Whereas “lower CEO pay and raise employee pay” does not require additional money.
Lower profits, pay workers more