As You Sow a non-profit organization has reported Activision’s Bobby Kotick and EA’s Andrew Wilson are among some of the “most overpaid” CEOs in all of the United States as per the annual list.This non-profit organization is revealing, among other things, the salary difference among employees and CEOs since 2015 and published its fifth report 2019 list.
“The mission of this non profit organization As You Sow is to identify and to report on the most overpaid CEOs of the S&P 500 Index to call out “excessive compensation.” “. As You Sow calculates the overpayment by taking data like salary,the median pay of an employee at the company and comparing it against the CEO’s pay.
Activision CEO Bobby Kotick , recently celebrated record profits while laying off hundreds of employees, has the honor of being the US game industry’s most overpaid CEO as per report. Kotick’s pay is $28,698,375. Which is 306 times more than the average pay of employee. 92% of shareholders voted against his pay, This is an overpayment of almost $13 million, according to As You Sow’s estimates.Together, this places him in the 45th spot.
Head of Electronic Arts, Andrew Wilson, is paid $35,728,764 which is 371 times more than the average pay of employee.97% of Electronic Arts shareholders approved the pay package.This is an overpayment of almost $19.7 million, according to As You Sow’s estimates.Together, this places him in the 98th spot appearing at the end of the list.
The report from As You Sow notes that while shareholders have begun to oppose the enormous amounts of money being earned by CEOs , their pay is as yet increasing.
“Yet overall CEO pay continues to increase. According to Institutional Shareholder Services (ISS) the average pay for a CEO in the S&P 500 grew from $11.5 million in 2013 to $13.6 million in 2017. An analysis by the Economic Policy Institute, which includes the cashing in of stock options, found that ‘in 2017 the average CEO of the 350 largest firms in the U.S. received $18.9 million in compensation, a 17.6 percent increase over 2016.'”