Reported 11 months ago
Very few CEOs have had their pay cuts approved in 2024, including Tesla's Elon Musk, whose $56 billion compensation package will be voted on by shareholders on June 13. While proxy advisers ISS and Glass Lewis recommend rejecting the package, some shareholders argue that Musk deserves the pay due to his contributions to Tesla. Overall, CEO pay is rising, with median pay for S&P 500 CEOs increasing to $16 million in 2023. Despite pushback, most CEOs have managed to maintain their compensation levels, reflecting a trend of increased shareholder satisfaction with executive pay.
Source: YAHOO