Sundar PichaiSundar Pichai earned $164M in 2023

Carl Hess has been the CEO of Willis Towers Watson since January 2022. He has an education background in finance with a Bachelor's degree from the University of Illinois and an MBA from the University of Chicago, making him well-prepared...

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Carl Hess

CEO of Willis Towers Watson

Education

Bachelor's degree in Finance from the University of Illinois; MBA from the University of Chicago

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

May 1, 1970 - 54 years ago

CEO of Willis Towers Watson for

3 years 3 months (Jan 2022 - Present)

Previous Experience

Chief Operating Officer, Willis Towers Watson; various leadership positions at Aon

Holdings

See how much did Carl Hess make over time.

Carl Hess has been active in managing his stake in Willis Towers Watson, showing confidence in the company's future. His insider trades indicate significant fluctuations in his holdings, with a peak value reaching around $22 million in late 2023. His...

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Insider Trading

See recent insider trades of Carl Hess.

WTW

77.136 shares

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Jan 15, 2025

Received

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84.644 shares

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Oct 15, 2024

Received

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60.229 shares

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Jul 15, 2024

Received

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55.274 shares

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Apr 15, 2024

Received

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7,771 shares

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Apr 1, 2024

Received

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4,213 shares

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Feb 27, 2024

Received

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31.487 shares

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Jan 16, 2024

Received

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35.844 shares

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Oct 16, 2023

Received

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49.941 shares

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Jul 17, 2023

Received

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15.86 shares

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Apr 17, 2023

Received

Compensation History

See how much did Carl Hess make over time.

In 2023, Carl Hess earned a total compensation package of approximately $12.67 million as CEO of Willis Towers Watson. This included a base salary of $1 million, with a notable portion tied to vested stock awards worth $8.5 million, reflecting his alignment with shareholder interests. Interestingly, Hess did not receive any bonuses during 2022 and 2023, signaling a focus on long-term performance rather than short-term incentives. His compensation reflects the outcomes of key performance metrics aimed at growing the company’s revenue and managing profit margins. As he leads the company into new challenges, this approach suggests a commitment to sustainable growth, rather than just immediate rewards. The structure of his compensation package aligns with his strategic vision for the firm and shares the burden of risk with shareholders.

Year

2023

Total Compensation

$3.28M

Salary

$1.00M

Board Justification

The compensation philosophy for the NEOs balances several important considerations, including maintaining a strong alignment between NEO and high performing broad-based colleague payouts, market practice, retention, and rewarding performance as the Company executes on its strategic vision.

Bonus

$0.00

Board Justification

No bonuses were paid to any of the NEOs during 2023.

Other

$512.64K

Board Justification

Includes Company contributions to retirement plans and other personal benefits.

Restricted Stock

$1.77M(7.7K RSUs)

Board Justification

7,698 shares of RSUs vested in 2023, with a value of $1,770,816.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included Adjusted Net Revenue, Adjusted Operating Margin, and Free Cash Flow.

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