Horrendous earnings of CEOs. The head of this chain earned almost $100 million.

CEOs of international retail companies can count on up to eight-figure remuneration packages. The highest paid are the CEOs of Starbucks, McDonald's and Amazon. In addition to the basic salary, they also receive shares and additional benefits, such as the ability to use private planes or money for travel and personal protection – Business Insider reports.

Despite less media coverage than the CEOs of technology giants, the leaders of retail and restaurant chains are among the best-paid managers in American business. Their salaries often exceed USD 20 million a year, and in exceptional cases even approach USD 100 million.

Millions of dollars, shares and additional bonuses

The latest data from company reports show that in 2024, one of the best-paid managers in the US will work in the trade and catering industry, not in the technology industry. Brian Niccol, the CEO of Starbucks, boasts the highest earnings in the industry. His total compensation package reached $95.8 millionof which as much as USD 90 million were stock bonuses related to the transition from Chipotle. He took up his current position in September 2024, and his package also included a $5 million cash bonus and relocation and personal protection benefits.

Who earns the most in trade and catering?

The top ten best-paid CEOs of retail and restaurant chains also included:

• Laura Alber (Williams-Sonoma) – USD 27.7 million,
• Doug McMillon (Walmart) – USD 27.4 million,
• David Gibbs (Yum Brands) – USD 24.7 million,
• Ernie Herrman (TJX Companies) – USD 23.5 million,
• Brian Cornell (Target) – USD 20.4 million,
• Marvin Ellison (Lowe's) – USD 20.1 million,
• Scott Boatwright (Chipotle) – USD 19.1 million,
• Chris Kempczinski (McDonald's) – USD 18.2 million,
• Barbara Rentler (Ross Stores) – $17 million.

Competences worth millions

At the bottom of the ranking were managers of companies such as GameStop and Amazon. GameStop's Ryan Cohen received $268,000. dollars, only in the form of covering the costs of personal protection, however Amazon's Andy Jassy earned $1.6 million in cash and benefits, excluding a stake worth more than $270 million.which has not yet been acquired.

Although some leaders, such as Berkshire Hathaway's Warren Buffett, criticize the requirement to disclose executive pay, public reports allow investors to see how companies value the competence of their bosses.

KW

Source: