Moderna’s CEO Stéphane Bancel earns $12.85 million in 2021, did you hear about the Moderna CEO salary report for Moderna’s CEO? The number is staggering at $12.85 million in 2021. But, should we be surprised? CEOs of major companies are always making headlines with their high-paying salaries and bonuses. So, does this sound fair – or not? Read on to find out why it might be more than what you expected.
The CEO of Moderna Earned $12.85 Million in 2021
Moderna’s CEO made a whopping $12.85 million in 2021. That is a significant chunk of change, to say the least! It sounds like a lot for just one year, right? Well, let’s take a closer look at this figure and where it came from. The first thing you should know is that this figure does not include the CEO’s base salary or any bonuses that were paid out to him or her during the year.
This figure includes all of the stocks awarded to the CEO throughout the company’s lifetime as well as any stock-based bonuses that were rewarded. The moderna ceo salary includes every type of compensation that was given to him.
So how does this compare to other CEOs around the world? Does that sound fair? Some would say yes while others would disagree. So, let’s take a closer look at why some people may be feeling less than supportive of this number.
What do other CEOs make?
There is a wide range of compensation packages for CEOs, but it can be difficult to find an estimate for what other CEOs make. It would be necessary to call each company and ask for the executive pay. But there are some estimates you can find on sites like Glassdoor and Forbes, which provide information about CEO salaries and bonuses.
Glassdoor shows that there is a range of salary ranges from $500K-$1 million. Forbes provides a list of the top-paying companies in the U.S., and seven out of eight pay their CEO more than $10 million per year, with one paying over $15 million annually. With these reports available, we can see how salaries compare among major companies – but will this help us decide whether or not Stéphane Bancel should be receiving $12.85 million?
Salary, bonuses, benefits, and more
Salary, bonuses, benefits, and more are all included in the compensation report. What does this compensation mean? According to the report, that number is based on the following factors:
- Base salary
- Bonus
- Stock awards
- Option awards
- Non-equity incentive plan compensation
- Change in pension value and nonqualified deferred compensation earnings
- All other compensation
Background on Moderna
It is a biotechnology business called Moderna that creates vaccines and medicines based on the messenger RNA for the treatment of infectious illnesses, immune-oncology, and other uncommon conditions. Thirteen of the company’s 24 development initiatives were in clinical trials as of March 9, 2021, including intratumoral immuno-oncology, cell surface treatments, cancer vaccines, systemic secretory and, localized regenerative therapies and intracellular therapeutics, which were all in six modalities.
In addition, the company collaborates with Vertex Pharmaceuticals Incorporated, AstraZeneca PLC, Merck & Co., Inc., Merck & Co., Inc., Vertex Pharmaceuticals (Europe) Limited, National Institute of Allergy and Infectious Diseases, Defense Advanced Research Projects Agency, National Institutes of Health; the Coalition for Epidemic Preparedness Innovations; Metagenomi Inc.; and the Bill & Melinda Gates Foundation.
Laboratorios Farmaceuticos Rovi, S.A., Recipharm, Lonza Ltd., Catalent Inc., and the Lonza Group, as well as Aldevron, LLC, the Institute for Life-Changing Medicines, and AbCellera Biologics Inc., are also partners of Moderna, Inc. Moderna Therapeutics, Inc. was originally known as Moderna Therapeutics, Inc. and changed its name in August 2018. Cambridge, Massachusetts-based Moderna, Inc. was created in 2010.
What Makes Stéphane Bancel Salary Fair?
To determine whether moderna ceo salary is fair or not, we need to look at a few different factors. Some people would say that CEO salaries should be comparable to the company’s size. This means that the bigger the company, the more a CEO should be making. However, others believe that a CEO’s salary should be based on how well the company is doing financially.
The most common method for determining a CEO’s salary is to base it on experience and qualifications. A CEO who has 10+ years of experience would have a higher salary than someone who just graduated with an MBA degree. The level of education and qualifications play into how much they are paid because companies want someone who will do an excellent job in that position.
Another factor is whether or not you’re running a publicly-traded company or privately held business. If you’re running a public company, you’re more likely to have some restrictions on your salary – especially if it looks high compared to other companies in your industry.
And finally, some CEOs set their salaries – so it may be more than what you expected! But, if they are setting their salaries, they need to make sure they are competitive with other companies in their industry.
Conclusion
As Moderna is a private company, the exact salary is unknown. However, $12.85 million is an accurate number to use as the salary for the CEO of Moderna in 2021. Moderna is not the only company with a high CEO salary, as other CEOs make even more than that.
Regardless of what others make, it is important to remember that the CEO’s salary is determined by many factors, including the company’s performance and where they are located. Therefore, it is fair to say that the CEO is making a significant amount of money (even by CEO standards).
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