Home » Black executive Thasunda Brown Duckett receives $17.5-million compensation in 2022

Black executive Thasunda Brown Duckett receives $17.5-million compensation in 2022

This figure represents a substantial increase of 68.8 percent compared to her 2021 earnings

by Omokolade Ajayi
Thasunda Brown Duckett

In a remarkable testament to her leadership and the financial institution’s success, Thasunda Brown Duckett, the president and CEO of the Teachers Insurance and Annuity Association of America (TIAA), received a compensation package of $17.5 million in 2022. This figure represents a substantial increase of 68.8 percent compared to her 2021 earnings.

Duckett, one of the world’s leading Black executives and the fourth Black woman to lead a Fortune 500 company, has garnered attention for her exceptional achievements.

Under her leadership, TIAA achieved all its milestones and demonstrated impressive financial performance in 2022, with revenue soaring to over $40 billion and assets under management exceeding $1.20 trillion.

Thasunda Brown Duckett’s compensation package reflects outstanding leadership

Duckett’s 2022 compensation package is a testament to her commitment to efficiency, earnings generation, and meeting client needs. Her compensation includes a base salary of $1 million and a performance-based short-term incentive of $6.6 million, reflecting TIAA’s stellar performance during the fiscal year.

In recognition of her continued dedication and outstanding leadership, Duckett also received a substantial long-term incentive award of $9.9 million. The substantial increase in her compensation package compared to the previous year underscores her significant contributions to the company’s growth and success.

Before taking the helm at TIAA, Duckett served in various executive roles during her 17-year career at JPMorgan. Her leadership acumen was further honed during her tenure as CEO of the consumer bank and auto finance at JPMorgan Chase. She also held the position of director of emerging markets at Fannie Mae early in her career.

A diverse career and commitment to leadership

Beyond her role at TIAA, Duckett is deeply engaged in various organizations and boards, including serving on the boards of companies such as Nike, Inc., and Brex Inc. Her commitment to social causes is evident through her involvement with organizations like Robert F. Kennedy Human Rights and Sesame Workshop.

Additionally, she is a part of the Executive Leadership Council CEO Advisory Board, Delta Sigma Theta Sorority, Inc., and Jack and Jill of America, Inc., showcasing her dedication to both corporate and societal leadership.

Duckett’s remarkable career and achievements continue to inspire and pave the way for future leaders in the financial industry. Holding the 103rd position among Fortune 500 CEOs, she has broken barriers and demonstrated the impact of diversity in leadership.

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