The CEO of the company that makes stun guns raked in $165 million last year — dwarfing the payouts handed out to the better-known bosses of Apple, Meta, Nvidia and all other executives in the S&P 500.
Rick Smith — co-founder Axon Enterprises, whose Tasers and body cameras are used by police forces across the country — was the only executive to receive a pay package that eclipsed $100 million, according to The Wall Street Journals annual analysis.
General Electrics Larry Culp trailed behind at $89 million, followed by Blackstones Steve Schwarzman ($84 million) and Apples Tim Cook ($75 million).
Smith’s windfall from the publicly traded company was granted under a new program open to all Axon employees that allows them to convert some or all of their pay over seven years into restricted shares, he told the Journal.
One of the things I love about the design is I can make zero — I feel better about making a lot if I can also make zero, Smith said. For me it creates that startup kind of vibe.
His 2024 payout was a steep jump from the $40,000 he earned the year before, according to the Journal.
But shares in Axon surged more than 170% over the past 12 months, trading at $758 after Monday’s closing bell.
Half of the executives in the analysis made $17.1 million or more last year up from $15.8 million the year before, according to the MyLogIQ data.
Netflixs co-CEOs Theodore Sarandos and Greg Peters took the No. 8 and 10 spots at $62 million and $60 million, respectively.
Other notables included Salesforce CEO Marc Benioff ($55 million), Nvidia boss Jensen Huang ($50 million), Ubers Dara Khosrowshahi ($39 million), JPMorgan CEO Jamie Dimon ($38 million) and Meta leader Mark Zuckerberg ($27 million). Teslas Elon Musk the richest person in the world was last on the list at $0, as his most recent pay package remains ensnared in court battles.
The Journal report uses data from MyLogIQ and includes CEOs on the job for at least a year across more than 400 of the S&P 500 companies.
Most of Smiths high-dollar compensation package came from a stock award, not annual salary, as is common for S&P 500 CEOs.
Smith, who has led the company since 1993, received $246 million in compensation in 2019.
He has an estimated net worth of $2.4 billion, according to Forbes.
Several executives outside the S&P 500 also breached the $100 million line, including Peter Gassner of cloud-computing company Veeva Systems at $172 million and Shopifys Tobias Lutke at $150 million.
But last year marked the smallest number of CEOs making nine figures since 2016, according to the Journal.
KANSAS CITY, Kan. — Chase Elliott somehow stole Sunday’s race at Kansas Speedway, where he drove from eighth to the checkered flag during a two-lap overtime sprint to earn a spot in the third round of NASCAR’s playoffs.
It was a wild ending to a race that probably should have been won by Denny Hamlin, who dominated and led 159 laps until a bevy of late issues denied him his chance at career win No. 60 for Joe Gibbs Racing.
The race had a slew of late cautions — Hamlin dropped from the lead to seventh on a slow pit stop — that put Bubba Wallace in position to win the race. A red-flag stoppage for Zane Smith flipping his car set up the final overtime restart and Wallace was holding tight in a door-to-door battle with Christopher Bell for the victory.
Then Hamlin came from nowhere to catch Wallace, who drives for the team Hamlin co-owns with Michael Jordan, and Wallace scraped the wall as he tried to hold off his boss. That’s when Elliott suddenly entered the frame and smashed Hamlin in the door to get past him for his second win of the season.
“What a crazy finish. Hope you all enjoyed that. I certainly did,” NASCAR’s most popular driver told the crowd after collecting the checkered flag.
Elliott joins Ryan Blaney as the two drivers locked into the third round of the playoffs. The field will be cut from 12 drivers to eight after next week’s race in Concord, North Carolina and Elliott said once he got in position for the victory, he wasn’t giving up.
“I wasn’t going to lift, so I didn’t know what was going to happen. I figured at the end of the day, it was what it was at that point,” Elliott said. “Wherever I ended up, I ended up. At that point, we were all committed. Really cool just to be eighth on the restart and somehow win on a green-and-white checkered. Pretty neat.”
Hamlin finished second and was clearly dejected by the defeat. The three-time Daytona 500 winner is considered the greatest driver to never win a Cup title and needed the victory to lock up his spot in the next round of the playoffs. He also has a 60th Cup win set as a major career goal and is stuck on 59 victories.
He drove the final 50-plus laps with his power steering on the fritz.
“Just super disappointing. I wanted it bad. It would have been 60 for me,” Hamlin said. “Obviously got really, really tight with [Wallace], and it just got real tight and we let [Elliott] win.
“Man, I wanted it for my dad. I wanted it for everybody. Just wanted it a little too hard.”
Hamlin was followed his JGR teammates Bell and Chase Briscoe, who were third and fourth.
Wallace wound up fifth and even though the victory would have moved him deeper into the playoffs than he’s ever been in his career, he was satisfied considering how poorly his car was running earlier in the race. He wasn’t even upset with Hamlin, and he shook hands with his boss on pit road.
“To even have a shot at the win with the way we started … you could have fooled me. We were not good,” Wallace said. “Two years ago I’d probably say something dumb [about Hamlin]. He’s a dumbass for that move. I don’t care if he’s my boss or not. But we’re going for the win. I hate that we gave it to Chevrolet there.”
Elliott, in a Chevrolet for Hendrick Motorsports, was the only non-Toyota driver in the top five.
Next up is a playoff elimination race at the hybrid oval/road course at Charlotte Motor Speedway, where Kyle Larson won a year ago. The playoff field will be cut from 12 drivers to eight following next Sunday’s race.
The four drivers in danger of playoff elimination headed into that race are Ross Chastain, Austin Cindric, Reddick and Wallace.
“Obviously there’s only one thing we can do at Charlotte (win), and that’s what we’ll be focused on,” Reddick said.
The wife of NASCAR driver Tyler Reddick on Sunday said the couple’s 4-month-old son is in the cardiovascular intensive care unit at a North Carolina hospital.
Alexa Reddick posted to social media that doctors are working on improving the “heart function” of Rookie, the couple’s second son who was born in May.
She wrote she had been seeking medical care for Rookie for some time without getting any concrete answers for what appeared to be “signs of heart failure that were being missed.”
“Always trust your mom gut,” she added.
Tyler Reddick, who has not discussed his son’s heath battle, finished seventh in Sunday’s race at Kansas Speedway.
Rodney Childers, who guided Kevin Harvick to the 2014 Cup Series championship, has finally landed a new job after he was let go as crew chief at Spire Motorsports in April.
Childers will be the crew chief at JR Motorsports in the Xfinity Series for the No. 1 Chevrolet, which will be split between Carson Kvapil and Connor Zilisch. It will be Childers’ first time as an Xfinity Series crew chief.
“Rodney’s résumé and career speak for themselves,” said Dale Earnhardt Jr., co-owner of JR Motorsports. “Rodney and I grew up together and have known each other since we were kids. That’s a relationship that has always been close and has remained close to this day. We’ve always had interest in working together in motorsports, and I’m thankful that this opportunity came about and we could bring him into the JRM family.”
Childers worked with Justin Haley at Spire, but the team parted ways with him when both driver and crew chief said the relationship wasn’t working.
Childers won 40 races and a Cup title at Stewart-Haas Racing with Harvick then worked with Josh Berry in 2024 when Harvick retired. That was the final year Stewart-Haas Racing existed.
Also on Saturday, NASCAR confirmed it has parted ways with race director Jusan Hamilton with six races remaining in the season. He is no longer listed as an employee at NASCAR, where his official title was managing director for competition operations.
Hamilton first joined NASCAR as an intern in 2012 and returned in 2016 under various roles. He oversaw NASCAR’s Drive for Diversity program, pit crew development and the pro iRacing NASCAR divisions as well as serving as a race director.
Hamilton was instrumental in setting both the annual schedule and the schedule for each race weekend. His first event as race director was in 2018 at Pocono Raceway. In 2022, Hamilton became the first Black race director to officiate the Daytona 500.