It’s good to be a US chief executive. Their pay packages are the envy of the corporate world, averaging $16mn for the S&P 500, more than double those for the UK’s FTSE 100. And tucked inside are perks that mere mortals can only dream of.
Thanks to tough US disclosure rules, we know pet supplier Chewy gave boss Sumit Singh a $29.3mn wad last year that included stock, cash, $424,474 for not one but two cars and $1,007,442 of “security services” including “meals and incidentals” for his guards.
Meanwhile, CrowdStrike CEO George Kurtz’s $35mn package covers $898,426 in personal jet usage and sponsorship of a professional race car that Kurtz drives in competitions. The 2025 proxy cheerily paints this as a cost saving because it avoids “hiring a professional driver”.