This is economics of corporate America today.
Cardinal Health CEO Jason Hollar received a total compensation of nearly $25.7 million in fiscal year 2024, which included a $1.43 million salary, $20.6 million in stock awards, a $3.1 million bonus, and $463,532 in other compensation.
Here's a breakdown of Jason Hollar's compensation for fiscal year 2024:
Total Compensation: $25,650,709
Salary: $1,434,153
Bonus: $3,112,112
Stock Awards: $20,640,912
Other Compensation: $463,532
This included $438,175 worth of personal use of corporate aircraft.
I am guessing all the executive raises and bonuses must be paid for by the average employee losing their jobs. It is stated over 800 employees will be part of the 2025 reduction in force.