CEO Salary & Executive Compensation
General Mills GIS
CEO: Jeff Harmening · Packaged Foods · 34,000 employees
Jeff Harmening, CEO of General Mills (GIS), earned $8.0M in total compensation in 2025. General Mills receives a Pay-for-Performance grade of C (54/100), with a CEO-to-worker pay ratio of 160:1 and a say-on-pay shareholder approval of 85.5%. The company's 3-year total shareholder return is -6.3%.
How General Mills CEO Pay Compares
Jeff Harmening's $8.0M total compensation is 0% below the Packaged Foods industry median of $8.0M. The 160:1 CEO-to-worker pay ratio is 0% lower than the industry average of 160:1.
Jeff Harmening, CEO of General Mills (GIS), received $8.0M in total reported compensation. The package mix typical at this scale: a small base salary, a larger stock-award component, and performance-tied incentives that vest over multiple years based on relative TSR or earnings benchmarks.
The CEO-to-median-worker pay ratio is 160x, meaning Jeff Harmening's $8.0M total comp is roughly that many times the median $50,000 earned by General Mills workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Performance has been muted across the three-year window: -6.3% TSR, -2.3% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Shareholders supported the compensation package at 86% on the most recent say-on-pay vote. Solid support without overwhelming endorsement is the typical pattern for established public companies with conventional compensation programs. General Mills operates in Packaged Foods with 34,000 employees and $20.1B in annual revenue, and currently carries a market capitalization of $38.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for General Mills (GIS).
Compensation Breakdown
Jeff Harmening's $8.0M total compensation package for fiscal year 2025 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
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Peer CEO Compensation
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Jeff Harmening, CEO of General Mills (GIS), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Jeff Harmening, CEO of General Mills (GIS), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
General Mills has a Pay-for-Performance Score of C (54/100). The company's 3-year total shareholder return is -6.3%, and the say-on-pay shareholder vote passed with 85.5% approval.
The CEO-to-median-worker pay ratio at General Mills is 160:1. The median worker at General Mills earns $50K per year, while CEO Jeff Harmening earns $8.0M in total compensation.
General Mills employs approximately 34,000 people. The company operates in the Packaged Foods industry within the Consumer Staples sector, generating $20.1B in annual revenue.