For the year ending December 2023, the Chief Executive Officer of United Parcel Service, Inc. (UPS), Carol Tomé, received a total annual compensation of US$23 million.
Detailed Compensation Overview
CEO compensation packages are structured to reflect leadership responsibilities, company performance, and market standards within the industry. The total annual compensation often includes various components designed to align the executive's interests with the long-term success and shareholder value of the company.
Key Financial Figures for UPS (Year Ending December 2023)
| Compensation Detail | Value |
|---|---|
| CEO Total Annual Compensation | US$23 million |
| UPS Market Capitalization | US$126 billion |
Understanding Total Compensation
- Total annual compensation for executives like the CEO of UPS typically encompasses a range of elements beyond just a base salary. These often include:
- Base Salary: A fixed annual amount.
- Performance-Based Bonuses: Incentives tied to achieving specific financial or operational goals.
- Equity Awards: Stock options, restricted stock units (RSUs), or other forms of company stock, which tie compensation directly to the company's market performance.
- Other Benefits: Perks, retirement contributions, and other forms of indirect compensation.
This comprehensive approach aims to incentivize leadership to drive growth and profitability for a company with a significant market presence, such as UPS.
For further details on executive compensation and market context, you can refer to financial news sources like Yahoo Finance.
