CEO last year, a $40 billion contractor acquired it for millions of dollars. Benefits such as private jet travel and social club fees

• Quanta Services, a Houston-based contractor In 2024, nearly $24 billion in revenue was reported. The shares are currently trading at $274. In its latest annual financial report to investors, the infrastructure service provider points out that tariffs and immigration policies could affect their businesses.

Quantum Service Chief Executive “Duke” Austin Jr. won more in 2024 than a year ago, but took it on his chin when it comes to cash bonuses.

Austin took home a bonus of about $1.6 million last year, compared to more than $2 million each year over the past two years. In 2024, Austin’s total compensation (cash pay and bonuses, stocks and confusion) was worth nearly $16 million, the latest. Proxy Statement It was submitted on April 11th. Two years ago, his total pay was valued at around $15 million and $12 million, respectively.

Quanta Services Stock has fallen by about 13% over the past year. The shares are trading at $274. In 2024, it generated nearly $24 billion in revenue. In the accompanying release, Austin called “another year of success with record revenue, profits and cash flow.”

The company issued guidance again this year, in late February, before President Trump’s “liberation day.” Tariff System And later I pulled backDecide a 90-day bounty period to speak the transaction.

Still, Quanta Services said: “We continue to consider future uncertainties related to overall challenges to the domestic and global economy, including inflation, interest rates and potential economic conditions of recession.” The results will be announced for the first quarter in early May.

The latest Annual ReportQuanta mentioned tariffs nine times as a potential factor that could affect its business. Quanta Services, which claims to have built the largest workforce in North America through 200 operating companies, also raised concerns surrounding the administration’s approach to immigration and deportation. (The company said it will have around 11,500 pay employees and 46,900 hourly employees for the year ending December 31, 2024.)

Immigration Act reported that “it could have a negative impact on our business and reputation.” In its annual financial report, the company told investors that some of its employees could be fraudulent workers despite the company’s efforts to verify employment eligibility. Company’s Published Diversity Metrics It indicates that over 70% of the company’s workforce is white, with nearly 19% being Hispanic or Latino, 3.5% being Black, and 1.1% being Asian. According to Quanta, about 5% are identified as two or more races.

Quanta Services did not respond immediately Fortune Request a comment.

The Houston-based $40 billion contractor has been around for almost 30 years. Austin joined the Corner Office about 10 years ago. Prior to that, he was Chief Operating Officer.

In 2024, his base salary was less than $1.5 million, but his total stock amounted to around $12 million. However, he lost on the annual cash bonus. This is because the company’s performance has declined compared to the previous year when it comes to important safety events. There were no bonus payouts for that metric. The executives have achieved goals related to the bonus, adjusted EBITDA, and the other two measures for adjusted EBITDA margins, and saw different levels of payments among the senior leadership team.

In Austin’s case, his total compensation included private jet flights and club members for personal use of individual aircraft. It included a refund of approximately $14,000 in club membership fees, according to a statement from the committee.

Separately, the total compensation of Quanta Services Chief Financial Officer Jayshree Desai was valued at approximately $5 million in 2024, while the total compensation of Chief Operating Officer Redgie Probst was valued at just under $6.5 million. Probst’s compensation included approximately $170,000 for personal use of corporate aircraft. Desai and Probst cash bonuses were also smaller than last year.

This story was originally introduced Fortune.com