In 2018, the CEO of General Dynamics (an aerospace and defense company), Phebe Novakovic, received a total
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In 2018, the CEO of General Dynamics (an aerospace and defense company), Phebe Novakovic, received a total compensation of about $20.7 million. This was estimated to be approximately 240 times the median General Dynamics employee’s compensation. In 2018, General Dynamics’ market value was approximately $47 billion. Given what you know about the effect of a good CEO on a company’s value, is Phebe Novakovic worth $20.7 million per year?
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