Excellent news for all you CEOs on the market: You are doubtless making far more cash than your common worker.
Broadcom CEO Hock Tan was the highest-earning CEO in 2023. His compensation totaled $161.8 million, Equilar stated. Tan is the one CEO within the examine to obtain a compensation bundle of 9 figures.
Truthful Isaac Company CEO William Lansing, the second-highest earner listed, made $66.3 million final yr. Apple’s Tim Cook dinner got here in third on the record, making $63.2 million. And Netflix’s Ted Sarandos checked in at fifth with virtually $50 million.
The common American employee at S&P 500 firms, in the meantime, earns a median of about $80,000, the examine discovered. Mercifully, that may be a 5.2% improve from 2022.
Eye-popping CEO pay packages have develop into an emblem of inequality in america and a goal of ire for organized employees. The Hollywood author’s strike final yr attacked Disney CEO Bob Iger for making greater than 500 occasions the median wage of a Disney worker. Iger’s pay bundle totaled $27 million, based on his 2022 contract.
CEO pay has skyrocketed over the previous 40 years, Enterprise Insider beforehand reported. A median CEO in 1978 made about 31 occasions what their common employee made. In 2020, the common CEO made 346 occasions what their common employee made.
That staggering hole had been narrowing lately. In 2022, CEO pay within the S&P 500 decreased by 9%, based on the AFL-CIO.
However in 2023, it ticked again up. Median whole compensation for S&P CEOs totaled $16.3 million final yr, a 12.6% improve from the earlier yr, Equilar says. Inventory rewards comprised about 70% of their compensation, based on the report.
