CEOWORLD magazine - Latest - Stats Gate - These Are the most overpaid CEOs among S&P 500 companies, 2023

Stats Gate

These Are the most overpaid CEOs among S&P 500 companies, 2023

Last year, CEOs of companies listed on the S&P 500, a stock market index consisting of 500 large publicly traded corporations, earned an average of $18.8 million. However, a recent report identified 100 “overpaid” CEOs who received high compensation in 2022 despite their companies’ mixed shareholder returns.

At the top of the list: Warner Bros Discovery chief executive David Zaslav, who received $246 million in 2022 even though the company’s stock fell 60% in the same year and roughly 40% of shares voted against his pay package.

Fabrizio Freda, the CEO of Estée Lauder, was ranked the second most overpaid CEO, earning $66 million in 2022 while the company’s stock fell 33%. Meanwhile, Jay Snowden, the CEO of Penn National Gaming, was ranked third on the list, having been paid $65.9 million while his company’s stock fell 42.7%.

These Are the most overpaid CEOs among S&P 500 companies, 2023

RankCompanyCEOCEO PayExcess PayInstitutional Shares Voted AgainstReported Shares Voted AgainstCEO : Worker Pay RatioMedian Worker Pay
1Warner Bros. Discovery, Inc.David M. Zaslav 246,573,481.00 232,711,591.00 78%39%123.8340278 82,964.00
2Estee Lauder Companies Inc.Fabrizio Freda 65,996,984.00 50,680,560.00 70%9%81.87569444 33,586.00
3Penn National Gaming, Inc.Jay A. Snowden 65,887,214.00 51,015,162.00 58%58%80.91736111 33,930.00
4Intel CorporationPatrick Gelsinger 178,590,400.00 164,139,649.00 43%66%71.29236111 104,400.00
5Booking Holdings Inc.Glenn D. Fogel 53,982,195.00 39,703,318.00 62%68%38.79236111 58,005.00
6ServiceNow, Inc.William R. McDermott 165,802,037.00 149,659,047.00 57%65%29.54236111 233,859.00
7JPMorgan Chase & Co.James Dimon 84,428,145.00 69,838,805.00 52%69%38.20902777 92,112.00
8Las Vegas Sands Corp.Robert G. Goldstein 31,204,900.00 17,417,511.00 97%34%36.08402777 35,879.00
9Amazon.com, Inc.Andrew R. Jassy 212,701,169.00 197,275,894.00 31%44%269.7506944 32,855.00
10Apple Inc.Timothy D. Cook 98,734,394.00 82,878,041.00 38%36%60.29236111 68,254.00
11FleetCor Technologies, Inc.Ronald F. Clarke 57,923,473.00 43,417,531.00 43%64%58.50069444 41,265.00
12CenterPoint Energy, Inc.David J. Lesar 37,809,810.00 23,526,039.00 79%78%15.25069444 103,170.00
13Coca-Cola CompanyJames Quincey 24,883,878.00 10,332,070.00 58%49%74.62569444 13,894.00
14Walgreens Boots Alliance IncRosalind G. Brewer 28,333,498.00 14,742,930.00 42%38%45.16736111 26,255.00
15TJX Companies IncErnie L. Herrman 31,802,000.00 17,299,165.00 29%50%93.70902777 14,139.00
16Lennar CorporationRichard Beckwitt 68,090,434.00 53,570,271.00 51%37%13.95902777 101,561.00
& Jonathan M. Jaffe
17Yum! Brands, Inc.David W. Gibbs 27,578,659.00 12,850,421.00 30%48%87.83402777 13,082.00
18NIKE, Inc.John J. Donahoe II 32,920,708.00 17,936,096.00 29%28%38.04236111 36,077.00
19Electronic Arts Inc.Andrew Wilson 39,165,820.00 24,809,412.00 46%58%13.16736111 123,935.00
20D.R. Horton, Inc.David V. Auld 30,571,596.00 15,666,556.00 90%73%11.83402777 107,880.00
21Walt Disney CompanyRobert Chapek 32,464,293.00 18,228,910.00 20%15%26.83402777 50,430.00
22Walmart Inc.C. Douglas McMillon 25,670,673.00 10,810,001.00 25%9%42.20902777 25,335.00
23Analog Devices, Inc.Vincent Roche 30,824,323.00 15,990,327.00 21%23%27.83402777 46,141.00
24DXC Technology CompanyMichael J. Salvino 21,733,120.00 8,226,633.00 55%53%30.62569444 42,509.00
25Netflix, Inc.Reed Hastings 79,055,889.00 64,074,357.00 77%73%8.417361111 201,743.00
& Ted Sarandos
26Norwegian Cruise Line Holdings Ltd.Frank J. Del Rio 19,668,768.00 6,399,586.00 62%85%42.41736111 19,319.00
27TransDigm Group IncorporatedKevin Stein 22,060,463.00 6,664,331.00 100%48%17.62569444 52,202.00
28Global Payments Inc.Jeffrey S. Sloan 23,318,393.00 8,765,295.00 55%59%17.29236111 56,202.00
29Expedia Group, Inc.Peter M. Kern 296,247,749.00 281,769,672.00 9%6%120.7090277 102,270.00
30Broadcom Inc.Hock E. Tan 60,703,627.00 45,377,216.00 34%20%10.20902777 247,541.00
31Honeywell International Inc.Darius Adamczyk 26,100,120.00 11,498,082.00 28%38%14.41736111 75,529.00
32T-Mobile US, Inc.G.Michael Sievert 22,610,659.00 7,901,703.00 77%18%13.00069444 72,572.00
33Fidelity National Information Services, Inc.Gary A. Norcross 25,023,771.00 10,729,168.00 24%36%16.25069444 64,135.00
34Halliburton CompanyJeffrey A. Miller 23,591,982.00 9,741,498.00 48%54%12.12569444 81,076.00
35General Electric CompanyH. Lawrence Culp Jr. 22,663,449.00 9,402,997.00 27%35%17.16736111 55,064.00
36Charter Communications, IncThomas M. Rutledge 41,860,263.00 27,340,360.00 9%6%29.08402777 60,007.00
37Sysco CorporationKevin P. Hourican 23,197,124.00 8,600,025.00 36%38%12.87569444 75,209.00
38Applied Materials, Inc.Gary E. Dickerson 35,265,559.00 19,864,015.00 11%17%13.45902777 109,304.00
39Goldman Sachs Group, Inc.David M. Solomon 39,545,072.00 25,084,966.00 20%18%9.917361111 165,828.00
40Fox CorporationLachlan K. Murdoch 27,675,399.00 13,003,702.00 12%5%14.29236111 80,732.00
41IQVIA Holdings Inc.Ari Bousbib 28,615,851.00 13,489,241.00 29%24%8.542361111 139,803.00
42Centene CorporationMichael F. Neidorff 20,637,990.00 5,736,294.00 60%66%12.08402777 71,217.00
43Paramount GlobalRobert M. Bakish 20,035,212.00 6,479,814.00 97%5%8.834027777 94,580.00
44Carnival CorporationArnold W. Donald 15,063,788.00 1,894,933.00 57%36%72.50069444 8,658.00
45Wells Fargo & CompanyCharles W. Scharf 21,350,906.00 7,336,567.00 25%27%12.08402777 73,578.00
46Ford Motor CompanyJames D. Farley Jr. 22,813,174.00 8,226,963.00 13%8%14.83402777 64,003.00
47Citigroup Inc.Jane Fraser 20,541,324.00 6,508,752.00 16%19%15.50069444 55,285.00
48Howmet Aerospace Inc.John C. Plant 17,189,000.00 2,570,586.00 62%48%17.29236111 58,921.00
49Corning IncorporatedWendell P. Weeks 20,766,032.00 6,319,068.00 12%10%21.20902777 40,760.00
50Johnson & JohnsonAlex Gorsky 26,741,959.00 12,249,565.00 9%14%12.37569444 90,000.00
51Procter & Gamble CompanyDavid S. Taylor 23,900,381.00 9,208,077.00 9%9%14.29236111 69,671.00
52Micron Technology, Inc.Sanjay Mehrotra 25,316,709.00 10,261,175.00 8%14%16.29236111 64,827.00
53Viatris IncMichael Goettler 14,669,592.00 1,713,251.00 79%80%16.58402777 36,865.00
54Caesars Entertainment, Inc.Thomas R. Reeg 22,576,517.00 7,018,921.00 9%10%26.41736111 35,618.00
55Etsy, Inc.Josh Silverman 40,584,292.00 23,548,921.00 14%17%7.292361111 231,338.00
56Visa Inc.Alfred F. Kelly Jr. 30,944,838.00 15,944,269.00 11%11%8.792361111 146,420.00
57First Republic BankJames H. Herbert II 41,275,730.00 26,682,070.00 40%44%4.584027777 162,300.00
& Hafize Gaye Erkan
58CME Group Inc.Terrence A. Duffy 22,924,737.00 8,030,172.00 72%77%6.250694444 153,565.00
59PayPal Holdings, Inc.Daniel H. Schulman 32,070,353.00 17,020,673.00 7%11%15.91736111 83,905.00
60Adobe Inc.Shantanu Narayen 36,128,725.00 20,763,787.00 9%12%9.084027777 165,733.00
61Twitter, Inc.Parag Agrawal 30,351,152.00 15,345,616.00 30%42%5.417361111 232,626.00
62Accenture plcJulie Sweet 23,085,391.00 7,886,531.00 7%8%51.12569444 18,821.00
63Royal Caribbean Cruises Ltd.Richard D. Fain 15,812,027.00 1,876,637.00 22%21%44.79236111 14,706.00
64Cigna CorporationDavid M. Cordani 19,872,266.00 5,347,592.00 15%17%12.37569444 66,917.00
65Meta Platforms, Inc.Mark Zuckerberg 26,823,061.00 12,368,936.00 52%14%3.834027777 292,785.00
66Fiserv, Inc.Frank J. Bisignano 20,385,208.00 5,808,193.00 11%12%12.08402777 70,276.00
67Philip Morris International Inc.André Calantzopoulos 15,349,110.00 1,258,253.00 23%30%43.95902777 18,196.00
68Align Technology, Inc.Joseph M. Hogan 21,591,400.00 6,125,042.00 7%8%69.12569444 13,011.00
69Skyworks Solutions, Inc.Liam K. Griffin 16,150,421.00 1,763,096.00 14%14%38.66736111 17,409.00
70Equinix, Inc.Charles Meyers 23,248,193.00 8,516,880.00 12%18%7.917361111 122,075.00
71Omnicom Group IncJohn D. Wren 19,981,715.00 5,814,780.00 9%10%16.45902777 50,613.00
72Lumen Technologies, Inc.Jeffrey K. Storey 22,654,781.00 8,892,290.00 8%14%12.41736111 75,984.00
73WestRock Co.David B. Sewell 21,189,086.00 7,129,001.00 8%12%13.87569444 63,560.00
74NextEra Energy, Inc.James L. Robo 25,335,936.00 10,171,682.00 9%18%7.959027777 132,798.00
75Western Digital CorporationDavid V. Goeckeler 17,093,364.00 3,457,778.00 9%18%63.08402777 11,292.00
76CSX CorporationJames M. Foote 20,006,806.00 5,005,656.00 38%40%7.750694444 107,772.00
77Texas Instruments IncorporatedRichard K. Templeton 19,195,411.00 4,186,227.00 16%17%11.54236111 69,407.00
78ConocoPhillipsRyan M. Lance 23,886,640.00 9,013,827.00 26%39%5.542361111 179,428.00
79Universal Health Services, Inc.Marc D. Miller 14,020,942.00 (152,537.00)100%10%12.87569444 45,454.00
80Abbott LaboratoriesRobert B. Ford 24,914,886.00 9,775,441.00 7%8%10.58402777 97,952.00
81Monster Beverage CorporationRodney C. Sacks 33,394,105.00 18,834,301.00 6%5%10.04236111 69,417.00
& Hilton H. Schlosberg
82Monolithic Power Systems, Inc.Michael R. Hsing 20,254,831.00 4,311,022.00 8%28%17.25069444 48,913.00
83Travelers Companies, Inc.Alan D. Schnitzer 19,853,697.00 5,308,653.00 20%28%7.542361111 109,586.00
84Valero Energy CorporationJoseph W. Gorder 22,684,706.00 8,003,044.00 28%30%4.750694444 198,219.00
85Chevron CorporationMichael K. Wirth 22,610,285.00 7,951,682.00 23%27%5.125694444 183,531.00
86CVS Health CorporationKaren S. Lynch 20,388,412.00 5,987,233.00 7%8%19.08402777 45,010.00
87The Boeing CompanyDavid L. Calhoun 21,093,605.00 6,944,188.00 10%16%7.042361111 124,844.00
88Allstate CorporationThomas J. Wilson 19,066,920.00 4,412,592.00 8%12%12.75069444 62,235.00
89AbbVie, Inc.Richard A. Gonzalez 23,912,154.00 8,683,455.00 9%11%6.667361111 149,662.00
90Starbucks CorporationKevin Johnson 20,425,163.00 5,873,479.00 6%8%65.79236111 12,935.00
91Wynn Resorts, LimitedMatt Maddox 12,928,747.00 (809,143.00)69%51%12.25069444 44,048.00
92Thermo Fisher Scientific Inc.Marc N. Casper 21,234,358.00 5,737,291.00 8%12%10.58402777 83,666.00
93Ross Stores, Inc.Barbara Rentler 15,989,635.00 1,624,246.00 8%14%61.66736111 10,806.00
94Interpublic Group of Companies, Inc.Philippe Krakowsky 17,371,647.00 2,794,237.00 9%10%12.08402777 59,814.00
95Cisco Systems, Inc.Charles H. Robbins 25,446,695.00 10,774,286.00 7%11%8.500694444 124,806.00
96Hewlett Packard Enterprise CompanyAntonio F. Neri 19,052,415.00 4,703,965.00 8%10%12.04236111 65,944.00
97NXP Semiconductors NVKurt Sievers 20,911,892.00 6,267,243.00 6%8%17.37569444 50,138.00
98Automatic Data Processing, Inc.Carlos A. Rodriguez 16,985,259.00 2,031,850.00 12%15%10.87569444 64,965.00
99Ameriprise Financial, Inc.James M. Cracchiolo 21,229,464.00 6,217,072.00 10%19%6.875694444 129,010.00
100Parker-Hannifin CorporationThomas L. Williams 17,034,500.00 2,361,600.00 9%11%12.62569444 56,274.00

The report’s rankings were based on three factors: CEO pay in relation to shareholder returns for the year, the percentage of shareholders voting against CEO pay packages, and the ratio of CEO pay compared to median worker compensation at the company. It weights the first two data points at 40% each, and the pay ratio at 20% to develop its ranking.


Have you read?
Here Are 29 Inspirational Women CEOs Making An Impact, 2023.
Richest countries in the world by GDP per capita in 2023.
The Exclusive $100 Billion Club (And How They Made Their Fortune).
Africa’s Billionaires 2023: Who Are the Richest People in Africa?
The 10 CEOs in FTSE 100 companies in the United Kingdom, 2023.
The 4 Most Influential Female CEOs In The Telecom Industry, 2023.
The 50 Richest People in the Philippines, 2023 List.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Stats Gate - These Are the most overpaid CEOs among S&P 500 companies, 2023
Sophie Ireland
SVP for News and Editorial Director. As CEOWORLD magazine's senior vice president for news and editorial director, Sophie Ireland oversees CEOWORLD magazine's journalism and journalists around the world and across platforms. She leads an award-winning team of journalists and newsroom executives who are committed to excellence, innovation and the highest quality reporting and storytelling. Follow her on Twitter, Facebook, Instagram, or connect on LinkedIn. Email her at sophie@ceoworld.biz.