Meanwhile, nearly one-third of CEOs saw their pay packages increase by at least 25% last year, according to a Wall Street Journal analysis of MyLogIQ data, and only around a quarter of CEOs took a pay cut in 2021 amid the pandemic. Even worse, average Americans watched their real wages-wages adjusted for inflation-decline 2.6% in February compared with a year ago. That’s compared with a paltry 4.7% increase in average hourly earnings for Americans last year. CEOs is on pace to set a record in 2021, rising an incredible 19% year over year. And Activision Blizzard CEO Bobby Kotick is set to receive roughly $200 million in total compensation for his work last year, even as 50 employees were laid off from the gaming company. The $200 million clubīaszucki wasn’t the only Wall Street CEO to see his total compensation surpass the $200 million mark this year.ĭiscovery CEO, David Zaslav, raked in total compensation of $246 million in 2021, while Amazon’s Andy Jassy was rewarded with a $212 million total pay package for his efforts. Most of Baszucki’s pay comes from long-term incentives tied to stock performance, and the Roblox founder won’t receive any other direct payments through 2027, but compared with his 2020 pay package of $6.8 million, 2021 was definitely a career year. That’s roughly 1,680 times the average annual pay of a Roblox employee, according to a Fortune analysis of Payscale data.
The CEO locked in a total pay package worth some $232.8 million for the year. Poor stock performance didn’t stop the board from rewarding CEO and founder David Baszucki with a hefty compensation package for his work in 2021, however.
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