Reported 4 months ago
The article discusses how CEOs in the S&P 500 are being paid almost 200 times the median salary of employees, with the gap between CEO and worker pay growing. CEO pay, largely tied to share prices, is rising faster than employee pay. In 2023, median CEO total compensation reached $16.3 million, up 12.6%, while workers earned $81,467, up 5.2%. The disparity highlights challenges for workers facing high living costs and inflation, with CEO compensation predominantly driven by stock awards, leading to concerns about board accountability and fair compensation practices.
Source: YAHOO