The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets.
The median pay package for CEOs rose to $16.3 million, up 12.6%, according to data analyzed for The Associated Press by Equilar. Meanwhile, wages and benefits netted by private-sector workers rose 4.1% through 2023. At half the companies in AP’s annual pay survey, it would take the worker at the middle of the company’s pay scale almost 200 years to make what their CEO did.
Not pay.
Compensation
I don’t want them to do a loophole where the CEO has a $1 salary but they get paid in stock that they then sell.
My CEO literally makes several million a year and on top of that has stock.
The board just approved a double digit pay increase for him.
Meanwhile the majority of the rank and file barely got a cost of living increase.
Fucking hate the capital class.
Sell stock? Why sell stock when you can just leverage that stock for cheap loans? Income without the hassle of those fussy taxes! Oh and those pesky interest payments? Tax deductible!