NEW YORK, NEW YORK — The typical compensation for CEOs of S&P 500 companies keeps climber higher — and outpacing the wages of average workers today.
In its annual analysis of CEO pay for The Associated Press, executive data firm Equilar reviewed the salaries, bonuses, perks, stock awards and other pay components of 341 top executives. The survey found that median CEO pay jumped nearly 13% last year, more than three times the 4.1% that wages and benefits netted by private-sector workers rose through 2023.
The AP’s CEO compensation study included pay data for S&P 500 CEOs who have served at least two full consecutive fiscal years at their companies, which filed proxy statements between Jan. 1 and April 30. Beyond the widening gap in compensation between CEOs and their employees, the survey also spotlights persisting gender inequity — with women still making up a minuscule amount of those with chief executive titles compared to their male counterparts.
Here’s a breakdown of […]
A wonderful article addressing how capitalism actually works in the US. The most fascinating part is the small minority of corporations which actually tie CEO pay to performance. If you don’t perform on the job, dear worker, you’ll be quickly dismissed. On the CEO level the dismissals are not so fast. Note however, the short tenure of CEOs with their companies. many hop from C-suite job to C-suite job. More importantly, execs in the C-suite get a significant part of their compensation up front in the form of bonuses, where as the common worker must wait until retirement to collect their meager pension, if they have one.
AI is controling everything now. We are at the mercy of ARTIFICIAL INTELLIGENCE.
P.S.: I have read about new AI software on sophisticated hardware which is helping Yougoslavia to defeat the Russians from invading their country right now. AI is fast and that is the key to winning; the AI is 1,000,000 times faster than the human mind!