Reported about 1 month ago
In 2023, CEO compensation for publicly traded companies fell by nearly 20%, a surprising decline despite a strong stock market, according to a report by the Economic Policy Institute. Since 1978, CEO pay has skyrocketed by over 1,000%, while typical worker wages have only increased by 24%. The report highlights the significant wage gap, revealing that CEOs earned 290 times more than the average worker in 2023. Experts are puzzled by the decline in pay as it traditionally aligns with stock performance, leading to questions about potential shifts in compensation practices.
Source: YAHOO