KKR's CEO, Joe Bae, receives a substantial total yearly compensation of $49.96 million.
Understanding KKR CEO Compensation
Joe Bae, who was appointed as KKR's CEO in October 2021 and has served for approximately 3.17 years, has a compensation structure heavily weighted towards performance-based incentives. This approach is common in the financial industry, particularly for leaders of large investment firms like KKR.
His total compensation package is meticulously structured to align his interests with the long-term success and shareholder value of KKR.
Compensation Breakdown
The $49.96 million total yearly compensation is primarily comprised of:
- Salary: A relatively small portion, accounting for 0.6% of his total compensation.
- Bonuses and Incentives: The vast majority, 99.4%, comes from bonuses, which include company stock and options. This significant percentage of performance-based compensation motivates the CEO to drive strong company performance and increase shareholder returns.
CEO Ownership Stake
Beyond his annual compensation, Joe Bae also holds a substantial direct ownership in KKR. He directly owns 2.06% of the company's shares. This significant stake is currently valued at approximately $2.71 billion, further underscoring his vested interest in the firm's prosperity. This direct ownership aligns his personal wealth growth with the company's market performance.
KKR CEO Compensation at a Glance
| Component | Amount/Percentage | Details |
|---|---|---|
| Total Yearly Compensation | $49.96 million | Comprehensive package including salary and incentives |
| Salary Portion | 0.6% | Base pay component |
| Bonuses & Incentives | 99.4% | Includes company stock and options |
| Direct Share Ownership | 2.06% | Percentage of KKR shares owned directly |
| Value of Shares Owned | Approximately $2.71 billion | Market value of his direct shareholding |
| Tenure as CEO | ~3.17 years | Appointed in October 2021 |
