Jacek Olczak, CEO of Philip Morris (PM), earned $12.0M in total compensation in 2011. Philip Morris receives a Pay-for-Performance grade of B (69/100), with a CEO-to-worker pay ratio of 171:1 and a say-on-pay shareholder approval of 86.7%. The company's 3-year total shareholder return is +16.0%.
How Philip Morris CEO Pay Compares
Jacek Olczak's $12.0M total compensation is 33% below the Tobacco industry median of $18.0M. The 171:1 CEO-to-worker pay ratio is 20% lower than the industry average of 214:1.
Total compensation for Jacek Olczak at Philip Morris (PM) was $12.0M. Mid-cap public-company CEO packages tend to track this pattern — equity-heavy, multi-year vesting, performance-tied.
The CEO-to-median-worker pay ratio is 171x, meaning Jacek Olczak's $12.0M total comp is roughly that many times the median $70,000 earned by Philip Morris workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Performance has been positive over the three-year window: TSR of 16.0% alongside 7.5% revenue growth. Compensation packages tied to relative TSR or absolute return benchmarks would have vested at or near target levels with this performance profile.
Say-on-pay support was strong at 87%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. Philip Morris operates in Tobacco with 82,700 employees and $35.2B in annual revenue, and currently carries a market capitalization of $210.0B. 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 Philip Morris (PM).
Compensation Breakdown
Jacek Olczak's $12.0M total compensation package for fiscal year 2011 includes $1.2M in base salary, $6.0M in stock awards, $1.4M in option awards, and $1.8M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2011 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2010 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2009 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2008 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
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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Jacek Olczak, CEO of Philip Morris (PM), earns $12.0M 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
Jacek Olczak, CEO of Philip Morris (PM), earns $12.0M 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.
Philip Morris has a Pay-for-Performance Score of B (69/100). The company's 3-year total shareholder return is +16.0%, and the say-on-pay shareholder vote passed with 86.7% approval.
The CEO-to-median-worker pay ratio at Philip Morris is 171:1. The median worker at Philip Morris earns $70K per year, while CEO Jacek Olczak earns $12.0M in total compensation.
Philip Morris employs approximately 82,700 people. The company operates in the Tobacco industry within the Consumer Staples sector, generating $35.2B in annual revenue.