Ron Vachris, who became Costco’s CEO in January, received a total compensation package worth over $12.2 million in the 2024 fiscal year, demonstrating significant earnings for his role yet remaining lower than his predecessor, Craig Jelinek's final year's compensation.
With a median worker earning $47,092, Vachris’ CEO pay ratio stands at 262, notably less than the national average for S&P 500 CEOs, which now reaches 312 times the median worker’s salary.
Vachris' compensation package, which includes a $1.1 million base salary and over $10.5 million in stock awards, signifies the company's commitment to a more equitable pay structure relative to its employees.
The variance in CEO pay ratios among retailers indicates a larger gap, with Walmart’s CEO earning 976 times that of the median worker, highlighting the industry trends in executive compensation.
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