Median CEO Pay Hit Record of Nearly $12 Million in 2017, Juiced by Markets
By: Wall Street Journal
March 21, 2018
The chief executives of America’s biggest companies are on track for another banner year of compensation, fueled by a soaring stock market and an improving economy.
Median pay for the chief executives of 133 of the largest U.S. companies reached an all-time high of $11.6 million in 2017, up from $11.2 million in 2016, a Wall Street Journal analysis of proxy statement data found.
The highest paid so far? Hock Tan, the chief of Broadcom Ltd. , who has been at the center of the hostile bid for Qualcomm Inc. His compensation eclipsed $100 million. Others, like IBM’s Virginia Rometty, took a pay cut.
One extreme: Tesla Inc., whose shareholders on Wednesday approved a multibillion-dollar, 10-year stock-option package for co-founder and CEO Elon Musk.
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