CEO at $40 billion contractor raked in millions last year—plus perks like private jet trips and social club fees

• Houston -based contractor is the amount of services Nearly $ 24 billion of revenue was reported in 2024; Her shares are currently trading at $ 274. In the latest annual financial report of investors, infrastructure services provider indicated that tariff and immigration policies may affect their business.

Earl “Duke” Austin Junior, CEO of Services at Quanta, got more in 2024 than he did a year ago but took it on the chin when it comes to his cash reward.

Austin received a reward of about $ 1.6 million last year, compared to more than $ 2 million every year during the two years. In 2024, Austin’s total compensation – including, was unveiled, cash salaries, rewards, stocks and requirements – approximately $ 16 million, the latest agent data provided on April 11 was revealed. In the previous two years, its total compensation amounted to about $ 15 million and 12 million dollars, respectively.

The stock of services of about 13 % decreased during the past year; The shares are traded at $ 274. In 2024, he achieved nearly $ 24 billion of revenue. In the accompanying version, Austin described it as “another year of success, with record revenues, profits and cash flow.”

The company also issued its instructions for this year, but that was in late February before president Trump’s “Tahrir Day”, when he announced a sweeping tariff system and then withdrew, declaring a 90 -day grace period to talk.

However, the quantity of services said: “We are still thinking of uncertainty in the future related to the comprehensive challenges of the local and global economy, including inflation, interest rates and potential economic conditions for stagnation.” It is scheduled to announce the results of the first quarter in early May.

In its last annual report, Quanta mentioned nine times as a possible factor that could affect its work. Quanta Services, which claims to have built the largest workforce in North America across 200 operating companies, has also sparked the anxiety surrounding the management of migration and deportation as well. (The Foundation said that it has approximately 11,500 salaries and 46,900 employees per hour, in the year ending December 31, 2024.)

I stated that immigration laws “can negatively affect our actions or reputation.” In its annual financial report, the company told investors that some of its employees may be unauthorized workers, despite the company’s efforts to verify employment eligibility. The diversity scales published for the company appear more than 70 % of the company’s workforce white, while approximately 19 % of Spanish or Latin origin, 3.5 % black and 1.1 % Asian. About 5 % specify two or more races, according to Quanta.

Quanta services did not respond immediately wealth Request to comment.

Houston -based contractor has been worth $ 40 billion for nearly three decades. Austin took the corner office about 10 years ago. Before that, he was the chief operational employee.

In 2024, his basic salary was less than $ 1.5 million, but his total stock prizes amounted to about 12 million dollars. But he lost his annual cash reward because the company, when it came to major safety events, decreased compared to the previous year, the company said. There was no payment when it came to this scale. Executive officials have achieved the goals related to other rewards for rewards, and amending profits before benefits, taxes, depreciation and modified consumption, and witnessed varying levels of payments between the Supreme Command team.

For Austin, his total compensation included private flights and jet aircraft and club membership: approximately $ 200,000 for personal use of corporate aircraft and paying about $ 14,000 to club membership dues, according to the agent statement.

Separately, the total Jayshree Desai’s financial compensation was evaluated by about $ 5 million for 2024, and the total compensation of the General Manager of Operations Redgie Prost was estimated at a value of less than $ 6.5 million. Probst compensation guarantees about $ 170,000 for the personal use of corporate aircraft. Desai and Probst are also smaller than the previous year.

This story was originally shown on Fortune.com

2025-04-15 11:27:00