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CEOs got big raises last year; workers didn t

The typical compensation package for S&P 500 chief executives surged nearly 13% last year to a median of $16.3 million, significantly outpacing the 4.1% rise in private-sector worker wages, highlighting the widening pay gap amid rising inflation and financial pressure on American households.

United statesNew yorkKelly malafisBrandon reesLisa suWilliam lansingTim cookHamid moghadamTed sarandosApple incAssociated pressFair isaac corpAdvanced micro devicesLabor departmentPrologis incCompensation advisory partners

CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee

CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
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United statesSan franciscoNew yorkTed sarandosSarah andersonBrandon reesWilliam lansingMary barraJane fraserLisa suKelly malafisGreg petersBarbara rentlerStan choeHamid moghadamTim cook

CEO Pay at S&P 500 Companies Rose Nearly 13% in 2023

At half the companies, it would take the worker at the middle of the company's pay scale almost 200 years to equal what the CEO makes.

United statesNew yorkPaul harloffTed sarandosChristopher winfreyMary barraWilliam lansingHamid moghadamBrandon reesJane fraserElon muskTim cookNikesh aroraMae andersonLisa suSarah anderson

CEOs got big raises last year; workers didn t

The typical compensation package for S&P 500 chief executives surged nearly 13% last year to a median of $16.3 million, significantly outpacing the 4.1% rise in private-sector worker wages, highlighting the widening pay gap amid rising inflation and financial pressure on American households.

United statesNew yorkLisa suTed sarandosTim cookBrandon reesWilliam lansingKelly malafisHamid moghadamLabor departmentFair isaac corpAssociated pressPrologis incAdvanced micro devicesApple incCompensation advisory partners

CEOs made nearly 200 times what their workers got paid last year

Even with Covid wage rises, the gap between the person in the corner office and everyone else keeps getting wider

New yorkUnited statesBrandon reesKelly malafisTim cookHamid moghadamWilliam lansingLisa suSarah andersonTed sarandosPrologis incInstitute for policyLabor departmentFair isaac corpAdvanced micro devicesAssociated press