Members phkrause Posted June 5 Members Share Posted June 5 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. Read more. Why this matters: The median pay package for CEOs rose to $16.3 million, according to data analyzed for The Associated Press by Equilar. Meanwhile, wages and benefits netted by private-sector workers rose 4.1% through 2023. Corporate boards feel pressure to keep upping the pay for well-performing CEOs often out of fear that they’ll walk out the door and make more at a rival organization. About two dozen CEOs in the AP’s annual survey received a pay bump of 50% or more. There is a belief that the gap in earnings between top executives and workers plays into the overall dissatisfaction among Americans about the economy. “Most of the focus here is on inflation, which people are really feeling, but they’re feeling the pain of inflation more because they’re not seeing their wages go up enough,” said Sarah Anderson, director of the Global Economy Project at the progressive Institute for Policy Studies. RELATED COVERAGE ➤ How AP and Equilar calculated CEO pay Elon Musk sees another big advisory firm come out against his multibillion-dollar pay package More women made the list of top paid CEOs in 2023 Quote phkrause By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1} Link to comment Share on other sites More sharing options...
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