July 1, 2011

CEOs Got a 23% Raise Last Year

IT’S LIKE the Roaring ’20s if you’re a corporate CEO these days, reports the New York Times in a special report on skyrocketing CEO pay. Here are the numbers you need to know: 

$10.8 MILLION…the median salary of a CEO in 2010 at 200 large companies 

23 PERCENT…the increase in CEO salaries between 2009 and 2010 

38 PERCENT…the increase in cash bonuses between 2009 and 2010 

0.5 PERCENT…the increase in the average worker’s salary ($752 a week) during the same time period, which the New York Times dryly notes actually means a net decrease for workers once inflation is figured in. 

From the Progress Report, July 5, 2011.

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