Raymond James CEO Paul Reilly, set to retire in February, received approximately $23 million in total compensation for 2023, a 34% decrease from the previous year due to a one-time retention award. His pay included a $750,000 salary, $11.65 million in cash bonuses, and nearly $10.5 million in stock awards, resulting in a payout ratio of 194 to 1 compared to the median employee salary of $119,044. The firm credited Reilly with significant growth in assets under management and administration, while his successor, Paul Shoukry, earned just over $7 million, a 6% increase.