CEO pay rises yet again, despite global pandemic that slashed profits worldwide
May 28, 2021 / 11:06 AM / CBS/AP Rising CEO pay amplifies calls to tax the rich
As COVID-19 ravaged the world last year, CEOs big pay packages seemed to be under as much threat as everything else.
Fortunately for those CEOs, many had boards of directors willing to see the pandemic as an extraordinary event beyond their control. Half of the 100 largest U.S. employers of low-wage workers adjusted their CEO pay packages last year, sweetening rewards for chief executives during the pandemic while cutting pay for average workers, according to a study by the Institute for Policy Studies.
CEO Pay Rises To $12 7M Even As Pandemic Ravages Economy
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CEO pay rose to $12 7 million in 2020 even as pandemic ravaged economy
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Pandemic or no, CEO pay rises again Typical package: $12 7M
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