Median CEO pay crosses $10 million in 2013

[Omaha Steve]

Source: AP-Excite

By KEN SWEET

NEW YORK (AP) — They're the $10 million men and women.

Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study.

Last year was the fourth straight that CEO compensation rose following a decline during the Great Recession. The median CEO pay package climbed more than 50 percent over that stretch. A chief executive now makes about 257 times the average worker's salary, up sharply from 181 times in 2009.

The best paid CEO last year led an oilfield-services company. The highest paid female CEO was Carol Meyrowitz of discount retail giant TJX, owner of TJ Maxx and Marshall's. And the head of Monster Beverage got a monster of a raise.

FULL story at link.


Read more: http://apnews.excite.com/article/20140527/us-ceo-pay-5fbe7aee07.html

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FILE - In this May 8, 2008 file photo, Time Warner President and CEO Jeffrey Bewkes attends Time's 100 Most Influential People in the World Gala in New York. Bewkes was the ninth highest paid CEO in 2013 at $32.5 million, as calculated by The Associated Press and Equilar, an executive pay research firm.(AP Photo/Evan Agostini, File)

[Stryst]

1. I'm a disabled veteran

I fought for my country, for the country these billionaires claim to be citizens of. I was hurt doing so.

Now I have to live off of less then $800 a month, in an area where the average rent of a studio apartment is $700-$800 a month.

I would ask how these a**holes sleep at night, but then I remember that most of them are probably psychopaths.

[AngryDem001]

2. The ranks of CEOs are full of psychopaths.

Hell, it's a requirement for the job.

[golfguru]

3. White collar criminals above the law

CEO's can pretty much name their own salary. Because the B of D need CEO support to get nominated and get elected. It is classic quid pro quo.

[blkmusclmachine]

4. I got mine, & yours, & yours, & yours, & yours, & yours, & yours, & yours, & yours, & yours, & yours

Savvy!

[Initech]

5. If you were to put a table full of pies out...

The CEO would take ten of the pies and leave 1/2 a slice for the rest of us.

[jtuck004]

7. Only if they overlooked the 1/2 slice. n/t

[seabeckind]

6. System is rigged and pure cronyism

Please correct me if I'm wrong but isn't ceo pay a result of a recommendation of the board of directors?

Isn't the board of directors made up primarily of ceos? (former and current)

Wasn't there a bill in congress a few years ago that would have given stockholders more say in the process? (forgive me for not linking cause it's on another pc)

Wasn't that bill obstructed by the gop? (added on edit: "gop", wink wink nudge nudge, know what I mean?)

Isn't there a revolving door between congress and industry at the high levels of management?

So why would we ever expect anything to be done about this by our "representative" gov't when we have as much say in our gov't as we have in the boardroom?

[father founding]

8. Crazy Talk

I thought crazy talk wasn't allowed oh this site, and this is definitely CRAZY TALK.