Median CEO pay at largest companies reaches a record $15.7 million

[Yo_Mama_Been_Loggin]

CEO pay is up yet again. A booming stock market and bulging equity awards propelled the median 2017 compensation for CEOs of the 100 largest companies to the highest figure in 11 years, according to a new analysis.

The report, released Wednesday by executive compensation and governance research firm Equilar, examines pay of the 100 largest public companies by revenue, and comes in advance of broader CEO pay rankings that typically arrive later in the spring and analyze the companies of the entire Standard & Poor's 500-stock index.

Although the 5% median pay increase for CEOs was slightly lower than the prior year's 6% rise, the median CEO pay package was valued at $15.7 million, the first time it notched above 2016's previous high of $15 million. Equilar has run the analysis since 2007.

Dan Marcec, Equilar's director of content and communications, said the number was not surprising given that the majority of CEO pay is made up of stock grants and 2017 was a banner year for market performance: The S&P 500 index climbed nearly 20%.

New to Equilar's analysis is the inclusion of a CEO-to-worker pay ratio for each company, thanks to a U.S. Securities and Exchange Commission rule that went into effect this year. The rule requires publicly traded companies to release a ratio of what their CEOs make in comparison to their median paid worker.

For the 100 largest companies, the ratios tend to be far higher than the broader market, with a median of 235 to 1, compared with 72 to 1 for companies in the Russell 3000 index that have reported their 2017 numbers so far. In other words, CEOs of the largest companies tend to get paid a lot more than others.

http://www.latimes.com/business/la-fi-ceo-pay-equilar-survey-20180413-story.html

[democratisphere]

1. The wealthiest sucking the financial and economic life out of our country.

When the whole GD thing collapses, nobody should ask why or how this happened.

[Matthew28]

2. The rich

are nothing but parasites sucking from everyone else and must be stopped or we as a country will collapse.

[DemocracyMouse]

3. A country founded on exploitation...

... of slaves and poor whites, is having a hard time of kicking the habit. The rich are finance addicts and cannot kick the habit. It's up to us to flip the pyramid.

Boycott corporate America. Is there a list of companies with CEOs making over $3million/yr? (Frankly, I don't even know what's reasonable... I had to sleep in my office for 2 years so the CEO cold pay himself $1.5 million/year).

[Yavin4]

4. Meanwhile, the people that taught them when they were children are in the streets begging for raises

Who taught you basic arithmetic Mr. CEO?