- Executive compensation skyrocketed in 2020, a New York Periods and Equilar investigation observed.
- Palantir CEO Alex Karp was the maximum-compensated community firm CEO at $1.1 billion.
- 8 of the best earners acquired payment packages truly worth above $100 million last 12 months.
- See far more tales on Insider’s business enterprise page.
For US executives, 2020 was a banner calendar year.
The New York Moments partnered with executive payment consulting agency Equilar to study CEO shell out through the pandemic, and how it as opposed to the typical employee at the firm. The knowledge confirmed that not only is the gulf involving staff and govt fork out widening, but that govt compensation skyrocketed in 2020.
The Instances identified that 8 of the best earners been given compensation deals worthy of above $100 million final calendar year, a distinction from years past: In 2018, five execs attained over $100 million, and in 2019, only 1 did.
On top of that, six out of the 10 biggest government fork out deals had been handed out in 2020, in accordance to The Occasions.
These were the 5 optimum-paid out execs in 2020:
1. Alex Karp, CEO of Palantir
With a compensation deal really worth $1.1 billion, Karp was the highest-compensated CEO of a publicly traded firm previous year, in accordance to The Moments.
Karp’s business, Palantir, officially became a public company last September by way of a immediate listing on the New York Stock Trade. The secretive knowledge-mining business performs mainly with govt and law enforcement businesses all over the world.
2. Tony Xu, CEO of DoorDash
DoorDash’s Tony Xu turned the second-best paid out executive in 2020 with compensation valued at $414 million.
2020 was a breakout year for DoorDash as the pandemic pressured people to stay at property and foods delivery orders ballooned. DoorDash went community in a hugely predicted IPO in December.
3. Eric Wu, CEO of Opendoor
With compensation value $370 million, Opendoor CEO Eric Wu was the third-greatest paid executive in 2020.
Opendoor is effectively a home-flipping firm that utilizes know-how to obtain, renovate, and market houses. The business went public past yr by way of a
led by venture capitalist Chamath Palihapitiya.
Go through a lot more: Chamath Palihapitiya’s moi and a scattershot method gutted his venture-cash agency. Now the investor has a new playbook that could set him back again on top.
4. Chad Richison, CEO of Paycom
Paycom CEO Chad Richison acquired compensation valued at $211 million in 2020, placing him in fourth location amid top-earning executives.
Paycom delivers HR management software package and pioneered the self-provider method that allows workforce to enroll in added benefits or check out their paystub on line.
5. Joey Levin, CEO of IAC/InterActiveCorp
Joseph Levin, the CEO of IAC, was 2020’s fifth-optimum compensated government at $184 million.
IAC/InterActiveCorp owns a slew of online platforms, media shops, and ecommerce internet sites which includes Care.com and the Everyday Beast.