The rich got richer in 2021, as the median pay for the nation’s CEOs is on pace to set a record this year, up a whopping 19% over the year before.
Just one year after many CEOs took pay cuts amid the worst of the coronavirus pandemic, median pay rose to $14.2 million last year for chief executives of S&P 500 companies, according to MyLogIQ LLC, which tracks salary data from companies.
While not every CEO saw an increase—roughly a quarter of the CEOs took a pay cut in 2021—the majority saw their salary rise by at least 11% and nearly one-third saw salary hikes of at least 25%, according to The Wall Street Journal’s analysis of MyLogIQ’s data.
Adjusted for inflation, which is currently at its highest point in 40 years, the raise for CEOs in 2021 was only about 1.3% over the previous year, according to an analysis from economics blogger Kevin Drum.
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