The CEO of Best Buy, Corie Barry, had a total compensation of $14.3 million in 2021. This includes her base salary, bonus, stock awards, and other compensation. Barry's salary is in line with other CEOs of major retailers. For example, the CEO of Walmart, Doug McMillon, had a total compensation of $23.6 million in 2021, and the CEO of Target, Brian Cornell, had a total compensation of $20.4 million.
The CEO of Best Buy is responsible for the overall success of the company. This includes setting the company's strategy, overseeing its operations, and ensuring its financial health. The CEO is also responsible for representing the company to the public and to investors. Barry has been the CEO of Best Buy since 2019. Prior to that, she was the CEO of Best Buy Canada.
The salary of the CEO of Best Buy is important because it reflects the value that the company places on its leadership. A high salary can attract and retain top talent, and it can also motivate the CEO to perform at a high level. The salary of the CEO is also important to investors, as it can be a sign of the company's financial health.
CEO Best Buy Salary
The CEO of Best Buy, Corie Barry, had a total compensation of $14.3 million in 2021. This includes her base salary, bonus, stock awards, and other compensation. Barry's salary is in line with other CEOs of major retailers.
- Base Salary: $1.1 million
- Bonus: $2.2 million
- Stock Awards: $9.0 million
- Other Compensation: $2.0 million
- Total Compensation: $14.3 million
The CEO of Best Buy is responsible for the overall success of the company. This includes setting the company's strategy, overseeing its operations, and ensuring its financial health. The CEO is also responsible for representing the company to the public and to investors. Barry has been the CEO of Best Buy since 2019. Prior to that, she was the CEO of Best Buy Canada.
The salary of the CEO of Best Buy is important because it reflects the value that the company places on its leadership. A high salary can attract and retain top talent, and it can also motivate the CEO to perform at a high level. The salary of the CEO is also important to investors, as it can be a sign of the company's financial health.
1. Base Salary
The base salary of $1.1 million is a significant component of the CEO's total compensation package. It is the fixed amount of money that the CEO is paid each year, regardless of the company's performance. The base salary is important because it provides the CEO with a stable income and helps to attract and retain top talent.
The base salary of the CEO of Best Buy is in line with the base salaries of CEOs of other major retailers. For example, the CEO of Walmart, Doug McMillon, had a base salary of $1.2 million in 2021, and the CEO of Target, Brian Cornell, had a base salary of $1.1 million.
The base salary of the CEO is important to investors because it is a sign of the company's financial health. A high base salary can indicate that the company is confident in its future prospects and is willing to invest in its leadership.
2. Bonus
The bonus of $2.2 million is a significant component of the CEO's total compensation package. It is a variable amount of money that is paid to the CEO based on the company's performance. The bonus is important because it provides the CEO with an incentive to perform at a high level and to achieve the company's goals.
The bonus of the CEO of Best Buy is in line with the bonuses of CEOs of other major retailers. For example, the CEO of Walmart, Doug McMillon, had a bonus of $2.3 million in 2021, and the CEO of Target, Brian Cornell, had a bonus of $2.0 million.
The bonus of the CEO is important to investors because it is a sign of the company's financial health. A high bonus can indicate that the company is confident in its future prospects and is willing to reward its CEO for good performance.
3. Stock Awards
Stock awards are a significant component of the CEO's total compensation package. They are a form of long-term incentive that is designed to reward the CEO for good performance and to align their interests with the interests of the shareholders. Stock awards can take the form of stock options, restricted stock, or performance shares.
The CEO of Best Buy, Corie Barry, was granted stock awards valued at $9.0 million in 2021. This represents a significant portion of her total compensation package. The stock awards are a reflection of the company's confidence in Barry's leadership and its belief that she will continue to drive the company's success in the future.
Stock awards are an important part of CEO compensation because they provide the CEO with an incentive to perform at a high level. When the company's stock price increases, the value of the CEO's stock awards also increases. This provides the CEO with a financial incentive to make decisions that will benefit the company and its shareholders.
Stock awards are also important to investors because they align the interests of the CEO with the interests of the shareholders. When the CEO's compensation is tied to the company's stock price, the CEO is more likely to make decisions that will benefit the company in the long term. This can lead to increased shareholder value and returns.
4. Other Compensation
In addition to base salary, bonus, and stock awards, the CEO of Best Buy also receives other compensation valued at $2.0 million. This other compensation can include a variety of benefits, such as:
- Health insurance: The CEO of Best Buy is eligible for health insurance coverage, including medical, dental, and vision care. This benefit can be worth several thousand dollars per year.
- Life insurance: The CEO of Best Buy is also eligible for life insurance coverage. This benefit can provide financial security for the CEO's family in the event of their death.
- Disability insurance: The CEO of Best Buy is also eligible for disability insurance coverage. This benefit can provide the CEO with income if they are unable to work due to a disability.
- Retirement benefits: The CEO of Best Buy is also eligible for retirement benefits, including a pension plan and a 401(k) plan. These benefits can help the CEO save for retirement.
The other compensation that the CEO of Best Buy receives is important because it provides them with a comprehensive benefits package that can help them to attract and retain top talent. This other compensation can also help the CEO to save for retirement and to protect their family in the event of their death or disability.
5. Total Compensation
The total compensation of $14.3 million for the CEO of Best Buy is a significant figure that reflects the value that the company places on its leadership. This compensation package is designed to attract and retain top talent, motivate the CEO to perform at a high level, and align the CEO's interests with the interests of the shareholders.
The total compensation package includes base salary, bonus, stock awards, and other compensation. Each component of the compensation package plays an important role in motivating the CEO and ensuring that the CEO's interests are aligned with the interests of the shareholders.
The total compensation package of the CEO of Best Buy is important to investors because it is a sign of the company's financial health. A high total compensation package can indicate that the company is confident in its future prospects and is willing to invest in its leadership.
FAQs
This section addresses frequently asked questions regarding the salary of the CEO of Best Buy.
Question 1: How much does the CEO of Best Buy make?
The CEO of Best Buy, Corie Barry, had a total compensation of $14.3 million in 2021. This includes her base salary, bonus, stock awards, and other compensation.
Question 2: Is the CEO of Best Buy's salary justified?
The CEO of Best Buy's salary is in line with the salaries of CEOs of other major retailers. For example, the CEO of Walmart, Doug McMillon, had a total compensation of $23.6 million in 2021, and the CEO of Target, Brian Cornell, had a total compensation of $20.4 million.
Question 3: What is the base salary of the CEO of Best Buy?
The base salary of the CEO of Best Buy is $1.1 million.
Question 4: What is the bonus of the CEO of Best Buy?
The bonus of the CEO of Best Buy is $2.2 million.
Question 5: What are the stock awards of the CEO of Best Buy?
The stock awards of the CEO of Best Buy are valued at $9.0 million.
Question 6: What other compensation does the CEO of Best Buy receive?
In addition to base salary, bonus, and stock awards, the CEO of Best Buy also receives other compensation valued at $2.0 million. This other compensation can include health insurance, life insurance, disability insurance, and retirement benefits.
Summary: The CEO of Best Buy's salary is justified and in line with the salaries of CEOs of other major retailers. The CEO's compensation package is designed to attract and retain top talent, motivate the CEO to perform at a high level, and align the CEO's interests with the interests of the shareholders.
Transition to the next article section: CEO Best Buy Salary: A Comprehensive Analysis
Tips for Negotiating Your CEO Best Buy Salary
Negotiating your CEO Best Buy salary can be a daunting task, but it is important to remember that you are worth what you bring to the table. By following these tips, you can increase your chances of getting the salary you deserve.
Tip 1: Do your research.
Before you even start negotiating, it is important to do your research. This means knowing what the average salary is for CEOs in your industry and company size. You can find this information by talking to other CEOs, reading industry reports, and using online salary calculators.
Tip 2: Be prepared to talk about your experience and accomplishments.
When you are negotiating your salary, it is important to be able to articulate your experience and accomplishments. This will help the other side understand why you are worth the salary you are asking for.
Tip 3: Be confident.
Confidence is key when negotiating your salary. If you are not confident in your worth, the other side will not be either. Go into the negotiation with a positive attitude and be prepared to stand up for yourself.
Tip 4: Be willing to negotiate.
It is unlikely that you will get exactly what you are asking for in your salary negotiations. Be prepared to negotiate and be willing to compromise. However, do not be afraid to walk away from the negotiation if you are not getting what you want.
Tip 5: Get everything in writing.
Once you have reached an agreement on your salary, it is important to get everything in writing. This will help to protect you in the future if there is any dispute about your salary.
Summary: By following these tips, you can increase your chances of getting the CEO Best Buy salary you deserve. Remember to do your research, be prepared to talk about your experience and accomplishments, be confident, be willing to negotiate, and get everything in writing.
Transition to the article's conclusion: Conclusion: CEO Best Buy Salary
Conclusion
The CEO of Best Buy is responsible for the overall success of the company. This includes setting the company's strategy, overseeing its operations, and ensuring its financial health. The CEO is also responsible for representing the company to the public and to investors.
The salary of the CEO of Best Buy is important because it reflects the value that the company places on its leadership. A high salary can attract and retain top talent, and it can also motivate the CEO to perform at a high level. The salary of the CEO is also important to investors, as it can be a sign of the company's financial health.
The CEO of Best Buy's salary is in line with the salaries of CEOs of other major retailers. This is because the CEO of Best Buy is responsible for a large and complex organization. The CEO must have a deep understanding of the retail industry and be able to make strategic decisions that will benefit the company.
The CEO of Best Buy's salary is justified because the CEO is responsible for the overall success of the company. The CEO must have a deep understanding of the retail industry and be able to make strategic decisions that will benefit the company. The CEO's salary is also important to investors, as it can be a sign of the company's financial health.
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