2022 has been a difficult year for the technology industry, with layoffs, hiring freezes, and markets such as cell phones and computers. And one of the consequences of the crisis, for example, was a reduction in the salary of the general director Manzana, Tim CookIt went from 100 million dollars to 49 million dollars.

The company’s shareholders voted to reduce his salary by 40% in order to correct the situation. A cost that, although it seems high, is one of the lowest compared to managers of other companies in the sector who manage to triple their salary.

How much do CEOs of big companies earn?

The reference data for now is 2021, which is the latest year for which the consolidated is released, so Cook’s previous salary will appear before the decline.

in the analysis made by xataka They used the company’s market capitalization as a reference to compare what percentage this salary represents, which was generally between 0.01% and 0.1% as the first data.

The 10 highest-paid CEOs, according to a Spanish media investigation, are:

1. Peter Kern (Expedia Group): $296 million

2. David Zaslav (Warner Bros. Discovery): $247 million

3. Andrew Jass (Amazon): $213 million

4. Patrick Gelsinger (Intel) $179 million

5. William McDermott (ServiceNow): $166 million

6. Safra Catz (Oracle): $138 million

7. Tim Cook (Apple): $99 million

8. Hock Tan (Broadcom): $61 million

9. Ronald Clark (FLEETCOR Technologies): $58 million

10. Satya Nadella (Microsoft): $55 million

In this top 10, as it were, the executives of recognized companies in the sector stood out Mark ZuckerbergExecutive Director purposewhich will generate 27 million dollars; Sundar Pichai, from alphabetparent company Google6 million in salary; Jen Hsun Huangfrom NVIDIA24 million and Christian Amonfrom Qualcomm, 21 million.

There are only three video game developers on the list of 100 company executives obtained by the media: electronic artwhich pays its CEO, Andrew Wilson20 million dollars; Activision Blizzard up to 1 million Robert Kotick i Take-Two Interactive Software less than a million Strauss Zelnick.

Among the companies that invest the largest percentage of their market capitalization in paying their CEOs are Expedia (1.78%), Warner Bros. Discovery (0.78%) and DXC Technology Co. (0.43%).

More income is not more salary

One of the most prominent findings of the investigation is that the salary of the CEO is not directly proportional to the market capitalization of the company, that is, not because the company will generate more profit, but because its manager will be the highest. Payment, high in the industry.

For example, Apple, Microsoft, Alphabet, Amazon and Visa They are the companies with the highest capitalization in the study, all exceeding $450 billion and even reaching two trillion dollars, but the percentage that their CEO’s salary represents does not exceed 0.02% of their profits.

Otherwise, what about smaller-cap companies that pay their CEOs between 0.10% and 0.47% of earnings, though Expedia break this rule.

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