CEO compensation has been the subject of controversy for years. Many people working for large companies and investors in these companies object to chief executive pay, which often reaches tens of millions of dollars a year. Boards of these companies argue that outstanding CEOs are hard to find. If they are not paid well, they can go elsewhere, leaving only substandard management behind.
The median pay for CEOs has risen most years over the last decade when measured by the compensation of S&P 500 companies. A typical CEO makes a hundred times more than the median pay of their workers. At public corporations with low-paid workers, the multiple can be much higher. (These are the big US companies paying less than $10 an hour.)
Some years, one or more CEOs make over $100 million. It is rare but not underheard of. In 2022, according to proxy information from MyLogIQ, which uses artificial intelligence (AI) and machine learning company to analyze public company information, one CEO reached the figure.
Boards have been steadily reinforcing their ranks through the addition of more directors with military…
Governance Professionals Caution Against Knee-Jerk Reactions to Shifting Political Winds Meta Platforms added Dana White,…
Where CEO pay climbed and performance sank last year Danaher and United Parcel Service were…
As artificial intelligence grows more accessible, boards may have no choice but to embrace it…
A look at the demographics and skills of S&P 500 directors. Corporate boards have greater…
Companies with independent directors who've served on the board for more than 15 years are…