Ameriprise CEO James M Cracchiolo Business Impact

James M. Cracchiolo has been a driving force behind Ameriprise Financial's success. He has been the company's CEO since 2005.

Under his leadership, Ameriprise Financial has expanded its services to include financial planning, investment management, and retirement solutions. The company has also increased its focus on helping clients achieve their long-term financial goals.

Cracchiolo has been instrumental in implementing various initiatives that have improved the company's operational efficiency and customer satisfaction. He has also been recognized for his contributions to the financial services industry.

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Ameriprise CEO Jim Cracchiolo made a staggering $126.5 million over the last two years, mainly due to long-term equity awards.

His total compensation for 2021 was $63.2 million, with a salary of $1.025 million and non-equity incentive pay of $6.772 million.

Cracchiolo's biggest driver of compensation is from at-risk equity awards, including stock options with 10-year expiration dates and performance share units that reward him for company performance over three-year periods.

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Here are the details of Cracchiolo's compensation:

The value of his equity awards is determined by company results, market performance of Ameriprise's shares, and the company's average return on equity and earnings per share growth rate.

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Ameriprise CEO Jim Cracchiolo's total compensation was down 17% last year to $54.2 million. This decline in pay was largely due to a decrease in the value of long-term equity awards.

Cracchiolo's total compensation included a mix of long-term equity awards, which typically have 10-year expiration dates. This approach has been a consistent part of his compensation package since the company spun off from American Express in 2005.

The majority of Cracchiolo's compensation, $43.3 million, came from exercised stock options and restricted stock that vested during the year. This is a significant amount, especially considering the median employee pay at Ameriprise is just $125,033.

Cracchiolo's pay was also influenced by the company's performance in 2022. Despite the broader S&P 500 index being down 18% and the S&P Financials Index being down 11%, Ameriprise's total return was a positive 5%. This outperformance helped increase the value of his equity awards.

Here's a breakdown of Cracchiolo's compensation:

Ameriprise's CEO, Jim Cracchiolo, made a whopping $126.5 million over the last two years. This is mainly due to long-term equity awards, which granted him $63.2 million in 2021 and $63.3 million in 2020.

Cracchiolo's total compensation for the year ended Dec. 31 was $63,227,573. His salary was a relatively modest $1,025,000, but he earned a significant $6,772,500 in non-equity incentive pay.

Other compensation, such as exercised stock options, also played a major role in his earnings. He exercised stock options worth $35,209,480 and realized $2,995,884 and $16,547,737 from restricted stock awards and performance share units, respectively.

The value of his equity awards was significantly impacted by the company's stock market performance. The total return of Ameriprise stock in 2021 was 57.9%, which contributed to the value of his equity awards.

Here is a breakdown of Cracchiolo's compensation:

It's worth noting that Cracchiolo's CEO pay ratio was 165 to 1, meaning his compensation was 165 times that of the median employee, who earned $129,010.

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