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The salary of female CEOs in companies that are part of the S&P 500 list posted a rise in 2021 as the economy recovered in the aftermath of the covid-19 pandemic and stock prices and earnings soared.
According to an annual survey conducted by Equilar for the Associated Press agency, the average salary of these women increased to almost 16 million dollarsbut still, gender diversity falls short in the corporate ranks.
The latest survey found that of the 340 CEOs listed at S&P 500 companies, 18 were women, up from 16 in 2020.
Jane Stevenson, vice president of Board Services and CEO of organizational consulting firm Korn Ferry, said that while it’s nice that there are Increased pay for female CEOsThere is still much left to do.
A small number of female CEOs
Earnings for S&P 500 companies rose about 50% and the index gained about 27%.
Because most of a CEO’s compensation is tied to performance, their pay packages skyrocketed after years of mostly moderate growth.
The median salary for female CEOs increased 26.4% in 2021 to $15.8 million, with 15 of 18 female CEOs in the survey seeing a raise.
Is about a larger jump than the median salary of male CEOs, which increased 17.7% to $14.4 million. The overall median salary increased 17.1% to $14.5 million.
Who are the highest paid executives
Lisa Su of Advanced Micro Devices was the highest-paid CEO for the third year in a row. Her compensation valued at $29.5 million dollars was ranked 22nd overall.
Su’s salary increased 9% from last year.
Right behind her was Mary Barra, CEO of the automaker General Motors, whose salary increased 25% to $29.1 millionincluding a base salary of $2.1 million and stock and stock option awards of $18.5 million.
Jayshree Ullal, CEO of cloud computing company Arista Networks, saw the biggest jump in salary. His salary was doubled to $16 million.
Equilar’s survey includes only CEOs who have worked at least two full fiscal years at their companies, to avoid big bond distortions login. Companies must have filed proxy statements between January 1 and April 30.
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