CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Voice of America
The median pay package last year for CEOs rose to $16.3 million, up 12.6%, according to data analyzed for The Associated Press by Equilar. Meanwhile, wages and benefits netted by private-sector workers rose 4.1% through 2023. FILE - Broadcom CEO Hock Tan speaks as President Donald Trump listens during an event on Nov. 2, 2017 in Washington. Tan topped the AP survey of CEO pay with a package valued at about $162 million in 2023. In this screenshot taken from video, William Lansing, the CEO of FICO, is interviewed on CNBC. Lansing was among the highest paid CEO's in 2023 according to an Associated Press survey. (CNBC via AP) FILE - Apple CEO Tim Cook walks after a meeting with Indonesian President Joko Widodo in Jakarta, Indonesia, April 17, 2024. Cook was among the highest paid CEO's in 2023 according to the Associated Press survey of CEO pay.
The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans' budgets.
