Despite Outearning Men, Women CEOs Remain Rare
NEW YORK, Oct. 14, 2024 /PRNewswire/ -- Women CEOs at large US public companies outearned their male counterparts in 2024. The median compensation for female CEOs in the S&P 500 was $16.4 million, while their male counterparts earned $15.6 million.
Despite higher compensation, the new report by The Conference Board, ESGAUGE, and FW Cook notes that women continue to hold few CEO positions in corporate America—just 7.9% in the S&P 500. That marks a small uptick from their representation in 2020, when they held 6.4% of CEO positions.
Additional findings include:
Gender Pay and Representation
Female CEOs outearn male counterparts at the median but are underrepresented overall:
Total CEO Compensation
CEO pay rebounded strongly, particularly in larger companies:
Incentive pay is driving the rise in total compensation:
Equity-Based Compensation
Stock options have been losing ground but remain used by a large share of US public companies:
Perks and Other Compensation
The value of CEO perks has risen substantially, particularly in larger companies:
Note: Report findings are based on proxy statements by Russell 3000 and S&P 500 companies between January 1 – June 30, 2024. A historical comparison dating back as far as 2011 is also provided.
About The Conference Board
The Conference Board is the member-driven think tank that delivers Trusted Insights for What's Ahead™. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.ConferenceBoard.org
About ESGAUGE
ESGAUGE is a data mining and analytics firm uniquely designed for the corporate practitioner and the professional service firm seeking customized information on US public companies. It focuses on disclosure of environmental, social, and governance (ESG) practices such as executive and director compensation, board practices, CEO and NEO profiles, proxy voting and shareholder activism, and CSR/sustainability disclosure. Our clients include business corporations, asset management firms, compensation consultants, law firms, accounting and audit firms, and investment companies. We also partner on research projects with think tanks, academic institutions, and the media. www.esgauge.com
About FW Cook
FW Cook is an independent consulting firm that provides objective advice to boards and management of the world's leading companies. Our principal objective is to add value to the executive pay programs and processes of our clients. We collaborate with our clients to solve complex problems and design programs that support their business strategy and successfully link executive pay to shareholder value. Founded in 1973, we serve public, private, and tax-exempt organizations across a broad spectrum of industries. To learn more about us or to join our mail list, visit us on the web at www.fwcook.com
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SOURCE The Conference Board