Elon Musk, co-founder and chief executive of electric vehicle maker Tesla, earned about $6.7 billion last year, 11 times more than the second highest-paid executive in the US, according to Bloomberg’s annual pay index.
Mr Musk recently declared himself the "techno-king of Tesla" and received his payment in “option awards” that give him the right to acquire the company’s shares at a set price.
Tesla, which reported a nearly tenfold annual increase in second-quarter net profit of $1.1bn, delivered a record number of vehicles in three months to June 30.
Its stock has climbed more than 146 per cent in the past 12 months. The California-based company said it managed to meet its production targets despite coronavirus-induced supply chain disruptions that led to a shortage of global semiconductors.
According to Bloomberg’s tally, Mr Musk was followed by Mike Pykosz, chief executive of US healthcare company Oak Street Health. He earned more than $568.4 million, including $359.7m in stock awards, $207.7m in options and about $1m in salary, bonus and perks.
Top 10 highest-paid executives in US
- Elon Musk, chief executive of Tesla - $6.7bn
- Mike Pykosz, chief executive of Oak Street Health – $568.4m
- Trevor Bezdek, chief executive of GoodRX Holdings – $497.8m
- Douglas Hirsch, chief executive of GoodRX Holdings – $497.8m
- Eric Wu, chief executive of Opendoor – $388.7m
- Alex Karp, chief executive of Palantir – $369.6m
- Geoffrey Price, chief operating officer of Oak Street Health – $356.3m
- Tim Cook, chief executive of Apple – $265m
- Griffin Myers, chief marketing officer of Oak Street Health – $221.4m.
- Chad Richison, chief executive of Paycom Software – $220m
Bloomberg compiled its annual pay index on the basis of regulatory filings submitted to the US Securities and Exchange Commission. It ranks the highest-paid executives of publicly traded US companies.
Besides Mr Pykosz, there are two more Oak Street Health executives in the top 10. They include the company’s chief operating officer Geoffrey Price, ranked seventh with earnings of $356.3m, and chief marketing officer Griffin Myers, who came in ninth with $221.4m.
Founded in 2012, Oak Street Health is a network of primary care centres for adults in the US. Last week, it opened its 100th nationwide centre in Atlanta.
The company offers a dedicated patient support line, preventive care plans, behavioural health care, social health support and medical education classes to help older adults meet their unique needs in one convenient location.
Trevor Bezdek and Douglas Hirsch, the co-chief executives of another US healthcare company GoodRX Holdings, were both tied on the list with earnings of $497.8m. They received majority of their payments through stock awards.
GoodRX offers a range of services that help people select an affordable healthcare option by choosing doctors with lower consultation fees and cheaper pharmacies and medical laboratories.
Eric Wu, chief executive of Opendoor, a technology company for residential property transactions, earned $388.7m to be ranked fifth. Software company Palantir's chief executive Alex Karp ($369.6m) and Paycom Software's chief executive Chad Richison ($220m) were in sixth and tenth place, respectively.
With a compensation of $265m, Apple's chief executive Tim Cook fell into 8th position, down from second on the 2019 list.
HEADLINE HERE
- I would recommend writing out the text in the body
- And then copy into this box
- It can be as long as you link
- But I recommend you use the bullet point function (see red square)
- Or try to keep the word count down
- Be wary of other embeds lengthy fact boxes could crash into
- That's about it
How%20I%20connect%20with%20my%20kids%20when%20working%20or%20travelling
%3Cp%3E%0D%3Cstrong%3ELittle%20notes%3A%20%3C%2Fstrong%3EMy%20girls%20often%20find%20a%20letter%20from%20me%2C%20with%20a%20joke%2C%20task%20or%20some%20instructions%20for%20the%20afternoon%2C%20and%20saying%20what%20I%E2%80%99m%20excited%20for%20when%20I%20get%20home.%0D%3Cbr%3E%3Cstrong%3EPhone%20call%20check-in%3A%20%3C%2Fstrong%3EMy%20kids%20know%20that%20at%203.30pm%20I%E2%80%99ll%20be%20free%20for%20a%20quick%20chat.%0D%3Cbr%3E%3Cstrong%3EHighs%20and%20lows%3A%20%3C%2Fstrong%3EInstead%20of%20a%20%E2%80%9Chow%20was%20your%20day%3F%E2%80%9D%2C%20at%20dinner%20or%20at%20bathtime%20we%20share%20three%20highlights%3B%20one%20thing%20that%20didn%E2%80%99t%20go%20so%20well%3B%20and%20something%20we%E2%80%99re%20looking%20forward%20to.%0D%3Cbr%3E%3Cstrong%3EI%20start%2C%20you%20next%3A%20%3C%2Fstrong%3EIn%20the%20morning%2C%20I%20often%20start%20a%20little%20Lego%20project%20or%20drawing%2C%20and%20ask%20them%20to%20work%20on%20it%20while%20I%E2%80%99m%20gone%2C%20then%20we%E2%80%99ll%20finish%20it%20together.%0D%3Cbr%3E%3Cstrong%3EBedtime%20connection%3A%20%3C%2Fstrong%3EWake%20up%20and%20sleep%20time%20are%20important%20moments.%20A%20snuggle%2C%20some%20proud%20words%2C%20listening%2C%20a%20story.%20I%20can%E2%80%99t%20be%20there%20every%20night%2C%20but%20I%20can%20start%20the%20day%20with%20them.%0D%3Cbr%3E%3Cstrong%3EUndivided%20attention%3A%20%3C%2Fstrong%3EPutting%20the%20phone%20away%20when%20I%20get%20home%20often%20means%20sitting%20in%20the%20car%20to%20send%20a%20last%20email%2C%20but%20leaving%20it%20out%20of%20sight%20between%20home%20time%20and%20bedtime%20means%20you%20can%20connect%20properly.%0D%3Cbr%3E%3Cstrong%3EDemystify%2C%20don%E2%80%99t%20demonise%20your%20job%3A%20%3C%2Fstrong%3EHelp%20them%20understand%20what%20you%20do%2C%20where%20and%20why.%20Show%20them%20your%20workplace%20if%20you%20can%2C%20then%20it%E2%80%99s%20not%20so%20abstract%20when%20you%E2%80%99re%20away%20-%20they%E2%80%99ll%20picture%20you%20there.%20Invite%20them%20into%20your%20%E2%80%9Cother%E2%80%9D%20world%20so%20they%20know%20more%20about%20the%20different%20roles%20you%20have.%3C%2Fp%3E%0A
PROFILE BOX
Company name: Overwrite.ai
Founder: Ayman Alashkar
Started: Established in 2020
Based: Dubai International Financial Centre, Dubai
Sector: PropTech
Initial investment: Self-funded by founder
Funding stage: Seed funding, in talks with angel investors
Killing of Qassem Suleimani
RESULT
Bayer Leverkusen 2 Bayern Munich 4
Leverkusen: Alario (9'), Wirtz (89')
Bayern: Coman (27'), Goretzka (42'), Gnabry (45'), Lewandowski (66')
School counsellors on mental well-being
Schools counsellors in Abu Dhabi have put a number of provisions in place to help support pupils returning to the classroom next week.
Many children will resume in-person lessons for the first time in 10 months and parents previously raised concerns about the long-term effects of distance learning.
Schools leaders and counsellors said extra support will be offered to anyone that needs it. Additionally, heads of years will be on hand to offer advice or coping mechanisms to ease any concerns.
“Anxiety this time round has really spiralled, more so than from the first lockdown at the beginning of the pandemic,” said Priya Mitchell, counsellor at The British School Al Khubairat in Abu Dhabi.
“Some have got used to being at home don’t want to go back, while others are desperate to get back.
“We have seen an increase in depressive symptoms, especially with older pupils, and self-harm is starting younger.
“It is worrying and has taught us how important it is that we prioritise mental well-being.”
Ms Mitchell said she was liaising more with heads of year so they can support and offer advice to pupils if the demand is there.
The school will also carry out mental well-being checks so they can pick up on any behavioural patterns and put interventions in place to help pupils.
At Raha International School, the well-being team has provided parents with assessment surveys to see how they can support students at home to transition back to school.
“They have created a Well-being Resource Bank that parents have access to on information on various domains of mental health for students and families,” a team member said.
“Our pastoral team have been working with students to help ease the transition and reduce anxiety that [pupils] may experience after some have been nearly a year off campus.
"Special secondary tutorial classes have also focused on preparing students for their return; going over new guidelines, expectations and daily schedules.”
