Lisa Su tops record of highest-paid feminine CEOs with whole compensation value $30.3 million

Women CEOs in S&P 500: Lisa Su from Advanced Micro Devices Tops the List of Highest-Paid Female CEOs - CEOWORLD magazine

Extra ladies are attaining the highest job at corporations within the S&P 500, however their numbers are nonetheless minuscule in comparison with their male counterparts.

Of the 341 CEOs included within the AP’s annual compensation survey, 25 are ladies. That’s essentially the most ladies making the record because the survey started in 2011. However the numbers haven’t budged very a lot. The second highest tally was 21 ladies in 2017.

The survey, based mostly on information analyzed for The Related Press by Equilar, contains CEOs at S&P 500 corporations who’ve served no less than two fiscal years at their corporations, which filed proxy statements between Jan. 1 and April 30, 2024.

Christy Glass, a professor of sociology at Utah State College who research fairness, inclusion and management, stated that whereas seeing extra feminine CEOs this yr is a optimistic, total the developments are discouraging.

“We’ll see a yr the place there’s form of a banner yr of ladies CEOs,” she stated. ”However then a yr or two down the highway, we’ll see a major turnover.”

Lisa Su, CEO and chair of the board of chipmaker Superior Micro Units, was the very best paid feminine CEO within the AP survey for the fifth yr in a row in fiscal 2023, bringing in whole compensation value $30.3 million — flat together with her compensation bundle a yr earlier. Her rank rose to 21 total from 25.

Su obtained a base wage of $1.2 million and a efficiency bonus of greater than $1.4 million. The majority of her bundle was $21.8 million in inventory awards.

Su has been chief of AMD, based mostly in Santa Clara, California, since 2014. The corporate is a part of a rising variety of corporations attempting to make the most of a broader curiosity from companies searching for new AI instruments that may analyze information, assist make choices and doubtlessly change some duties presently carried out by human staff. AMD’s inventory value surged 127% in 2023.

The others within the prime 5 highest paid feminine CEOs embody Mary Barra of automaker Common Motors with whole compensation of $27.8 million; Jane Fraser of banking big Citigroup with a bundle value $25.5 million; Kathy Warden of aerospace and protection firm Northrop Grumman Corp. at $23.5 million; and Carol Tome of bundle deliverer UPS Inc., whose pay was valued at $23.4 million.

Some notable feminine CEOs aren’t included since they grew to become CEO lower than two years in the past or their firm recordsdata proxy statements exterior of the January by means of April window, together with Julie Candy of marketing consultant Accenture and Sue Nabi, CEO of Coty Inc.

The median pay bundle for feminine CEOs rose 21% to $17.6 million. That’s higher than the boys fared: Their median pay bundle rose 12% to $16.3 million.

However the highest paid males nonetheless make excess of the very best paid ladies. Broadcom CEO Hock Tan raked in $161.8 million — the overwhelming majority of that in inventory awards.

A part of the problem of the disproportionate numbers of males to ladies is the “glass cliff,” Glass stated. Her analysis exhibits ladies usually tend to be appointed CEO at deprived corporations.

“It’s form of like one step ahead, two steps again,” she stated. ”One of many components driving that’s the truth that ladies are inclined to have alternatives to function CEO when organizations are in disaster. … That signifies that they begin their management trajectory at a drawback.”

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