A new analysis from The Wall Street Journal revealed which CEOs heading up S&P 500 companies had the biggest pay packages in 2024. Apple CEO Tim Cook place 4th on the list.
Aislinn Murphy for FOX Business:
The Journal said its analysis looked at MyLogIQ data to rank a total of more than 400 CEOs who had been at the helm of S&P 500 companies for a year or longer.
1. Rick Smith – Axon Enterprises: Axon Enterprise CEO Rick Smith’s $164.53 million pay package was the only one of the S&P 500 companies last year in which the package was six figures, according to The Journal. Stock awards linked to company performance accounted for the bulk of his 2024 compensation. Axon, which makes Tasers and other products, had a market capitalization of over $58 billion as of Monday.
2. Lawrence Culp Jr. – GE Aerospace: Larry Culp is the CEO of GE Aerospace. The analysis pegged his 2024 compensation at $88.95 million, earning him the No. 2 spot.
3. Stephen Schwarzman – Blackstone: Blackstone compensated CEO Stephen Schwarzman about $84.03 million in 2024, The Journal reported. The private equity firm had nearly $1.2 trillion in assets under management as of the end of March. He co-founded Blackstone in the 1980s along with Peter Peterson.
4. Tim Cook – Apple: Apple CEO Tim Cook’s $74.61 million pay package included cash, equity, and other compensation, according to the Journal.
MacDailyNews Take: Can’t see what’s coming except for fat checks and endless stock awards. $74.61 million.
While Cook is hemming and hawing when faced with shareholders (virtually, of course, never again in person for as long as Cook remains), Apple is currently in scramble mode trying to catch up to rivals — including the world’s most valuable company, Microsoft — in generative AI, a technology the company seems to have completely missed while focusing instead on the not-ready-for-primetime Apple Vision Pro, visionOS, its now-canceled decade-long multi-billion-dollar electric vehicle boondoggle, replacing leather in iPhone cases and Apple Watch bands with overpriced junk in a quest to “save the planet,” forcing employees to endure a constant barrage of time-wasting zero-productivity DEI sessions, and myriad other various and sundry “initiatives” which Cook deems of import. – MacDailyNews, February 28, 2024
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