As a part of taking up the highest job at struggling health model Peloton, CEO Barry McCarthy was supplied $168 million in complete compensation this 12 months — a majority of which is from his new rent fairness grant, in response to a submitting from the corporate this week.

McCarthy’s base wage is $1 million, the identical as his predecessor John Foley. Nevertheless, having joined in February, McCarthy’s prorated base wage for fiscal 2022 is $357,692, along with $167 million in inventory choices.

To money in on the inventory possibility — which vests over a interval of 4 years — McCarthy would wish to purchase the 8 million shares at a $38.77 value he’s allowed below the fairness grant, then promote these shares for a revenue. Peloton’s share value on the time of publication is $7.70.

Together with his inventory choices, McCarthy’s compensation is round 2,299 instances larger than the median worker’s, in response to the submitting.

As compared, Walmart CEO Doug McMillon has a complete compensation of round $25 million for 2022, in response to an organization submitting from April. Included in it is a base wage of greater than $1.2 million. Goal’s CEO Brian Cornell was given a complete compensation of greater than $19.7 million for 2021 with a base wage of $1.4 million, per an organization submitting from April.

Peloton’s former CEO and co-founder left the corporate fully final month, alongside co-founder Hisao Kushi. Shortly after, Peloton’s head of promoting and chief industrial officer exited the corporate as properly.

Peloton reduce 500 jobs — or roughly 12% of its workforce — earlier this month, and famous in a memo to staff that it misplaced about $100 million on retail final 12 months. Below McCarthy, the model has expanded past direct-to-consumer gross sales by partnerships to promote on Amazon and at Dick’s Sporting Items.

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