Yep, it’s good to be a CEO—again

Posted: 21 March 2017 in Uncategorized
Tags: , , , ,

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Clearly, 2016 was a good year for CEOs. They’re on track to set a post-recession record for capturing their portion of the surplus.

According to a new Wall Street Journal analysis, median pay for the chief executives of 104 of the biggest American companies rose 6.8 percent for fiscal 2016—to $11.5 million. At the very top was Thomas Rutledge, CEO of Charter Communications, who took home $98.5 million last year. (Here’s a link to the compensation of the other CEOs in the study.)

By way of comparison (using data from the Bureau of Labor Statistics), average wages for production and nonsupervisory workers rose 2.5 percent, to $21.86. And their annual pay rose by the same percentage, to $36,725.

If you’re keeping track, that means the ratio of average CEO to average worker pay in 2016 was 299.5!

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