The President of Goodyear, Richard J. Kramer, earns a total compensation of $13,073,769.
This compensation figure reflects the sum of various components, including salary, bonuses, stock awards, options, and other benefits. As of the most recently available data, Richard J. Kramer holds the combined titles of Chairman of the Board, Chief Executive Officer, and President at The Goodyear Tire & Rubber Co., which contributes to the comprehensive nature of his compensation package.
Goodyear Executive Compensation
Here is a breakdown of the total compensation for the individual holding the President title at Goodyear:
| Name and Title | Total Compensation |
|---|---|
| Richard J. Kramer Chairman of the Board, Chief Executive Officer and President |
$13,073,769 |
This compensation data is publicly available and reflective of executive salary structures within large corporations.
Understanding Executive Compensation
Executive compensation packages, especially for top leadership roles like the President and CEO of a major global company such as Goodyear, are designed to attract and retain highly skilled individuals. These packages typically include:
- Base Salary: A fixed annual income.
- Bonuses: Performance-based incentives tied to company and individual achievements.
- Stock Awards and Options: Equity-based compensation that aligns the executive's interests with those of the shareholders, often vesting over several years.
- Non-Equity Incentive Plan Compensation: Cash payments based on specific financial or operational goals.
- Other Compensation: This can include perks, deferred compensation, and various benefits.
The total compensation figure represents the comprehensive value of these elements, providing a holistic view of the executive's earnings for their role and responsibilities. For more detailed information on executive salaries at The Goodyear Tire & Rubber Co., you can refer to reputable financial data sources such as Salary.com.
