A. Jayson Adair has been the CEO of Copart Inc. since 2010. He takes a unique approach to his compensation, earning just $1 a year in salary. Instead of a traditional paycheck or bonuses, Adair relies on stock options, which...
A. Jayson Adair has been the CEO of Copart Inc. since 2010. He takes a unique approach to his compensation, earning just $1 a year in salary. Instead of a traditional paycheck or bonuses, Adair relies on stock options, which means he only profits when Copart's stock price goes up. This aligns his interests directly with those of the shareholders. His compensation peaked in 2020 at about $25.8 million, mostly from stock options. Interestingly, he hasn't accepted any new stock grants since June 2020, showing deep confidence in his company’s existing performance and growth potential. Adair's approach reflects his long history with Copart; he’s been with the company for over 30 years in various roles, including operations manager and president. He directly holds more than $1 billion in shares, making his financial fate tied closely to the company's success. This means if Copart does well, he does well, and if it doesn't, he could lose a lot too. He believes in creating long-term value for both himself and the shareholders, which is evident in his executive choices.