In the 12 months through March, average hourly earnings soared 5.6% for American workers. Things are going especially well for chief executives. Median pay for CEOS of S&P 500 companies climbed 6% to a record $14.2 million last year from the previous high of $13.4 million a year earlier, according to The Wall Street Journal, using data from MyLogIQ.
Median pay for CEOS of S&P 500 companies climbed 6% to a record $14.2 million last year from the previous high of $13.4 million a year earlier, according to The Wall Street Journal, using data from MyLogIQ. Most CEOS garnered a raise of more than 11%.
Looking at some individual chief executives, the Journal listed private equity titan KKR’s (KKR) – Get KKR & Co. Inc. Report co-chief executive Joseph Bae with the top compensation of $560 million last year, and his fellow KKR chief executive Scott Nuttall at $523 million.
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