Zillow CEO Spencer Rascoff
Lucky for Spencer Rascoff, Zillow Group isn’t relying on a Zestimate to calculate his paycheck.
The CEO of the Seattle-based listings giant pocketed $7.9 million in 2017, including a base salary of $717,286, according to regulatory filings. That s up from $3.5 million in total earnings in 2016. Rascoff, 42, earned a much-heftier $16.9 million in 2015 — but that year’s compensation included stock options that vest over seven 上海贵族宝贝论坛 years. It was also the year Zillow closed on its acquisition of Trulia for $2.5 billion in stock.
The company, which owns New York City listings service StreetEasy, pulled in a record $1.077 billion worth of revenue in 2017 — up 27 percent year-over-year.
“We’re in growth mode,” Rascoff said during a Feb. 8 earnings call. “The market opportunity in front of us remains massive.” Revenue from the company’s controversial Premier Agent advertising program — which St上海千花网龙凤论坛 reetEasy debuted last year — jum爱上海同城手机版 ped 26 percent year-over-year to $761.6 million in 2017.
But Rascoff isn’t the爱上海同城手机版 only one with a happy bank account. Zillow’s CEO-to-worker pay ratio is 65 to 1, with the median employee taking home $121,790 a year, according to filings.
At Realogy — the largest brokerage conglomerate in the country, the CEO-to-employee ratio was far higher at 1:159.
Former CEO Richard Smith — who was succeeded by Ryan Schneider on Jan. 1 — took home $9.1 million in 2017 while the median employee salary was $57,295.
Douglas Elliman Chairman Howard Lorber, meanwhile, pocketed $10.6 million in 2017, according to filings for the firm’s parent company, Vector Group. The CEO-to-employee ratio there was 1:153, with the median employee salary coming in at $69,597 in 2017.
Vornado Realty Trust CEO Steve Roth, another well-paid real estate executive, took home $10.5 million in 2017, according to filings. The median salary for Vornado employees was $75,320 last year.
In 2016, Rascoff purchased an estate in Los Angeles for nearly $20 million — $1.6 million higher than the Zillow Zestimate.
Tags: executive compens新上海贵族宝贝论坛 ation, Residential Real Estate, Tech, zillow
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