A brand new report reveals the CEOs of corporations who obtained essentially the most cash in 2024, significantly these within the automotive business. It’s not simply the producers which might be accountable for automobile manufacturing, but additionally the expertise that’s utilized in numerous kinds of transportation.
Automotive Information surveyed 61 suppliers starting from public dealership teams and mobility providers to service suppliers. The full compensation gained by their respective leaders accounts for—however is just not restricted to—base pay, bonuses, incentive plans, inventory choice positive aspects (or losses), pension advantages, and deferred pay. From there, a transparent image emerges.
Maybe shocking to nobody, the rise of AI means Nvidia’s Jensen Huang retains the number-one spot in whole earnings, accumulating $197.6 million in 2024. Regardless of the excessive pay, it’s significantly lower than $288 million he earned in 2023.
Comfortably, the runner-up is the CEO of Uber Applied sciences, Dara Khosrowshahi, who raked in practically $115 million due to inventory choices. Craig Arnold of Eaton Company took house nearly $60 million for third place earlier than retiring earlier this yr.
Basic Motors CEO Mary Barra
Mary Barra is considered one of two girls to interrupt into the highest ten, coming in seventh. The top honcho of Basic Motors earned $29.8 million to win the title of the highest-paid CEO of a automobile firm. Jim Farley of Ford fell proper behind her at $27.6 million. Each earned extra money in 2024 in comparison with the yr prior.
Former Stellantis CEO Carlos Tavares earned $23.9 million earlier than resigning. The one motive he was not included on the record is as a result of Stellantis is just not technically an American firm, regardless of controlling stakes in Dodge, Chrysler, and Jeep. In the meantime, Rivian CEO RJ Scaringe’s revenue went up significantly, from $1.3 million in 2023 to only beneath $14 million final yr, pointing to constructive indicators for the corporate.
- Nvidia CEO Jen-Hsun “Jensen” Huang: $197.6 Million
- Uber Tech CEO Dara Khosrowshahi: $114.9 Million
- Basic Motors CEO Mary Barra: $29.8 Million
- Ford CEO Jim Farley: $27.6 Million
- Former Stellantis CEO Carlos Tavares: $23.9 Million
- Rivian CEO RJ Scaringe: $14.0 Million
As for the notorious Tesla CEO? Elon Musk obtained no cash in 2024 after being embroiled in a dispute over his $56 billion pay plan. That will change for this yr, nevertheless, as he was not too long ago awarded 96 million firm shares that maintain a worth of $29 billion as of this writing.
