GoPro founder Nick Woodman was recently among the highest-paid executives for all public companies in the United States. Now, not so much.
Woodman reported a base salary of $805,217 for 2015, according to a filing with the Securities and Exchange Commission on Friday. While a salary nearing seven figures is nothing to sneeze at, Woodman's most recent pay represents a 98 percent decrease from 2014.
That year, Woodman earned a staggering $77.4 million. His package included a base salary of $800,000 and stock awards of $74.6 million, as well as other compensation. GoPro went public in 2014, and Woodman's total haul that year, including his equity in the company, reportedly came to about $285 million. That was more than four times higher than Apple CEO Tim Cook's pay package in 2014, according to news reports.
Executive pay has been a big news topic in recent weeks. Chief executives at the 300 largest public companies saw their collective pay decrease by 3.8 percent to a median $10.8 million in 2015, according to news reports. The dip was primarily due to lower growth related to a tepid economy at home and abroad. Federal regulators have also announced plans to introduce restrictions on bonuses paid out to executives (mainly in the financial services industry) for taking on excessive risk, for the first time since the financial crisis.
GoPro declined to comment on Woodman's compensation.