In 2024, Chevron's CEO, Michael Wirth, received a total compensation of $32.7 million, while the median annual compensation for Chevron employees in the U.S. and abroad fell to $163,744, representing a significant disparity. MW compensation represents 23.4% increase from.prior year while average employee pay was a decrease of 6.8% from previous years. It is amazing that the executives are spared from any cost cutting but a rewarded significantly. it will be a nice gesture that they took a pay cut to show everyone is chipping in to make CVX more competitive.
23 replies (most recent on top)
@Rc+1 - Read the proxy where all their comp is disclosed in detail
Where did you hear that they didn’t get any cip or bonus @a8+1jpzdxcdc ? Drinking the kool aid?? During town halls in 2020, they were begged to take less salary and bonus’ and essentially told everyone to pound salt. Blah blah blah about having to pay competitively to retain the leadership talent.
The article referenced median income while the median annual compensation for Chevron employees in the U.S. and abroad fell to $163,744, representing a significant disparity ". , not mean/average, not mode...
Big darn difference. Median is point at which 50% is above and 50% is below that number.
Just saying....
“ Read the details. Increase is all in his retirement pension, which is same program as all the rest of US payroll employees. He’s worked for 43 years to get where he is. I plan to do the same,”
You really think a single year increase in his pension would account for a multimillion dollar compensation increase?
@b3+, you consider yourself a loser baby? I sure don't, even with my below average Chevron salary I am still paid way above most younger people that I know. You guys are entitled and spoiled. It must suk to be you.
You dawgs cry 163k average? That’s a lot of money.
Wirth - In the dictionary is defined as WORTH. And he is WORTH every penny. He will fire you to get shareholder value it’s his job.
Stop crying you all know 160k is very decent and that’s the average. Wow.
Read the details. Increase is all in his retirement pension, which is same program as all the rest of US payroll employees. He’s worked for 43 years to get where he is. I plan to do the same,
ChevrIN has done the needful and $163,744 will pay for many Indian Engineers. Thank you for your service.
Boards set the CEO pay and this has been going on for decades. People who sit on boards are other CEOs, retired CEOs and their cronies. It's glass houses.
@aw+1jpzdxcdc You always cry about us loser babies, who need our safe spaces and blah blah blah posting on here. But you post on here just as much as anyone else. So what does that say about you?
Should I be happy or sad I’m way below median compensation?
I think I may cry like a loser baby on the internet all day about how much the CEO of my company makes then I'll go hide in my safe snoflake area, lol.
oh, and I'll complain about "paid bots", groups of HR working against me on stealth PCs, space aliens, kil-ler drones all that stuff.
I bet they are reading this now gotta go!!!!!
This is insane. If CEO stewards the company, their raise should mirror the raise that the company gives the employees.
Not even to mention how 23% must be a reward for high performance, yet we're told how the company is doing worse than competitors. So which is it? Performing well or performing poorly?
He works hard every day so that the shareholders can see a return on investment. Without that hard work and dedication, none of us would have a job. Be thankful that MW gives us his all each and every day. He should be getting twice as much!
"the paid bots and HR"
I've noticed that too. Its pretty obvious. Don't forget the party loyalists who are getting a bonus for "boosting morale".
"How come no one complains what those people in Congress have “accumulated” quite a few are worth 10’s of millions of their salary."
Fair is Fair. Both are corrupt and should be in jail.
Hmm, from the earlier responses it looks like the paid bots and HR just jumped onto the Kiss the A-s of the skillless CEO game.
I’m a slacker. So 163k total compensation sounds good to me!
Direct, Decisive, and ACCOUNTABLE
During covid they took zero for CIP/bonuses, while we all still got them. And most other companies in our industry cut bonuses and/or pay for everyone. And I understand MW took no salary increase this year, when the rest of us still received raises. So the executives do actually put their money where their mouth is.
$163,744? That high?
How come no one complains what those people in Congress have “accumulated” quite a few are worth 10’s of millions of their salary.
You are just losing it….they have EAP going around. Go make an appointment and just tell them how you can’t cope with his compensation. You might as just pick out all these other folk who are just bringing it in!
Well….hard to break it to you. You are not the CEO!