Investors in tech stocks know Amazon.com ( AMZN ) CEO Andrew Jacy is one of the highest-paid executives in the game.
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But seven other CEOs — including five from companies that went public in the past two years — may not know that they’re making significantly more in 2021. According to a recent analysis by S&P Global Market Intelligence, the top 10 highest paid CEOs in the US. Tech companies received a total of $3.36 billion in compensation. Most of their payouts come from tech stocks or options.
It leads the list with $835 million. Business desk(TTD) Jeffrey Green. Last year, the digital ad-buying company issued the largest executive long-term option for 16 million tech stocks worth more than $828 million. Green collected $3.9 million in cash and $2.7 million in non-equitable incentives.
The eye-popping compensation came in a year when he traded sideways for tech stocks. Also, Green got about $213 million from big CEOs like Jassy Intel(INTC) Patrick Gelsinger, about $178 million. Jassy saw a salary increase of over 493% year over year.
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Despite its ho-hum business, the trading desk generated nearly $1.2 billion in sales last year. Others on the list include CEOs of five tech stocks that have completed their initial public offerings in 2021.
This includes Zig Serafin in No. 2 Company. Qualtrics International (XM), and Max Levchin in third place Check holdings (AFRM) The two CEOs earned compensation of $540.5 million and $451.2 million in January 2021 for the companies that debuted on the stock market.
Qualtrics makes software that tracks customer satisfaction and feedback, and Affirm offers loans to consumers, promising “no fees, no surprises.”
Qualtrics stock, however, has declined significantly since its IPO and now has a relative strength rating of just 7, according to IBD Digital. This puts the tech stock in the lowest 7% of all stocks over the past 12 months. Confirmation is at the 24 RS level just before this.
Others on the list include Ratna Mathrubootham, David Bazuki and David Steinberg, who lead tech stocks. Freshworks Inc. (FRSH), Roblox Corp. (RBLX) and Zeta Group Holdings (ZETA), respectively. All have been on the market for less than 18 months.
Among tech stocks with the highest-paid CEOs, only Amazon stock ranks in the top half of all stocks in the RS Rating. The rest all have ratings of 50 or less. And Amazon isn’t that much better at 71.
The best paid CEOs of tech companies
| CEO | Company | Compensation |
|---|---|---|
| Jeffrey Green | Business desk | 835 million dollars |
| Zig Seraphine | Qualtrics International | 540.5 million dollars |
| Max Levchin. | Check holdings | 451.2 million dollars |
| Peter Kern. | Expedia team | 296.2 million dollars |
| Rathna Mathrubootam | Freshworks Inc. | 234 million dollars |
| David Bazuki | Roblox Corp. | 232.8 million dollars |
| David Steinberg | Zeta Global Holdings | 216.5 million dollars |
| Andrew Jassy | Amazon.com | 212.7 million dollars |
| Patrick Gelling | Intel Corp. | 177.9 million dollars |
| William McDermott | ServiceNow Inc. | 165.8 million dollars |
Follow Alison Gatlin on Twitter @IBD_AGAtlin.
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