In this article, we will look at the 5 highest paid CEOs in the US and their college degrees. We have also discussed the relevance of college degrees with CEOs in another article. If you are interested in reading about that along with a more extensive list, head straight to the 20 Highest Paid CEOs in the US and Their College Degrees.
5. Barry Mccarthy
College Degree: History
Barry McCarthy, President & CEO of Peloton Interactive, Inc, has a wealth of executive experience, having served as CFO of Spotify from 2015 to January 2020 and CFO of Netflix from 1999 to 2010. With a diverse background, McCarthy held leadership roles in management consulting, investment banking, and media and entertainment. Since January 2020, he has served on the boards of directors of Spotify and Instacart, while also contributing as a board member for Chegg, Eventbrite, MSD Acquisition Corp, Pandora, and Rent the Runway. Additionally, McCarthy has provided consultancy services at Technology Crossover Ventures, a major growth equity firm with investments exceeding $10B in public and private technology firms.
4. Stephen Scherr
College Degree: Arts
Stephen Scherr, CEO of Hertz and a Board member since February 2022, has a distinguished career spanning 28 years at Goldman Sachs, where he held several strategic and operational leadership roles. Notably, Scherr served as CFO from 2018 to 2021 and played key roles in launching Goldman Sachs’ consumer banking division, Marcus, in 2016, and the AppleCard partnership with Apple, Inc., in 2019. His tenure at Goldman Sachs included positions such as Chief Strategy Officer and head of Latin American operations. Scherr initially joined Goldman Sachs in 1993 as an investment banker after practicing law at Cravath, Swaine & Moore.
3. Sundar Pichai
College Degree: Metallurgical Engineering
Sundar Pichai, CEO of Alphabet Inc. and its subsidiary Google, began his career as a materials engineer before joining Google in 2004, where he led product management for various software products, including Google Chrome, ChromeOS, Gmail, and Google Maps. Under his leadership, Google also introduced the open-sourced video codec VP8 and the WebM video format in 2010, followed by the release of Chromebook in 2012. Selected as Google’s CEO in 2015, Pichai’s influence extends beyond tech, as evidenced by his inclusion in Time’s annual list of the 100 most influential people in both 2016 and 2020.
He graduated from IIT Kharagpur with a degree in metallurgical engineering, where he is recognized as a distinguished alumnus. Later, he earned an M.S. from Stanford University in materials science and engineering, and subsequently completed an MBA from the Wharton School of the University of Pennsylvania.
2. Stephen Schwarzman
College Degree: Social Sciences
In 2022, Stephen Schwarzman earned an annual salary of $253,122,146 as the CEO of the Blackstone Group, a renowned global private equity firm. Schwarzman’s exceptional leadership and strategic vision have propelled Blackstone to remarkable success in the financial industry. With a background in business education from Harvard Business School and experience in both the military and private sector, Schwarzman has demonstrated a profound ability to navigate complex economic landscapes and drive substantial growth. His substantial earnings reflect his invaluable contributions to Blackstone’s continued prosperity and solidify his status as a prominent figure in the business world.
1. Elon Musk
College Degree: Physics and Economics
Elon Musk serves as the founder, chairman, CEO, and CTO of SpaceX. Musk is also the angel investor, CEO, and former chairman of Tesla, Inc., along with being the owner, executive chairman, and CTO of X Corp. Additionally, he founded the Boring Company and xAI, and co-founded Neuralink and OpenAI.
A Delaware judge recently invalidated Elon Musk’s $55.8 billion compensation package at Tesla, sparking a 2 percent drop in Tesla’s stocks before they rebounded to $187 a share. Musk’s pay deal, established in 2018 and set to be disbursed over a decade upon meeting certain benchmarks, became the largest in US corporate history. It elevated Musk to the world’s wealthiest position as he met all 12 targets by 2023. However, the judge deemed the amount “unfathomable,” signaling potential consequences for Tesla’s leadership and Musk’s standing. Musk’s worth increased to an estimated $198 billion to $220 billion by November, fueled by Tesla’s valuation of $596 billion and his personal stake of over 12%.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 30 Most Important Entrepreneurs of All Time and 30 Most Profitable Agricultural Business Ideas for Young Entrepreneurs.
