Jobs and Workplace

CEOs of big companies get the biggest raises in 3 years

CEOs of big companies get the biggest raises in 3 years

The typical big-company chief executive raked in $11.5 million last year in salary, stock and other compensation, according to a study by executive data firm Equilar for the Associated Press. That's an 8.5% raise from a year earlier, the biggest in three years.

The bump reflects how well stocks have done under these CEOs' watch. Boards of directors increasingly require that CEOs push their stock price higher to collect their maximum possible payout, and the Standard & Poor's 500 index returned 12% last year.

Over the last five years, median CEO pay in the survey has jumped 19.6%, not accounting for inflation. That's nearly double the 10.9% rise in the typical weekly...

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