The average CEO compensation among S&P 500 companies last year was $16.7 million — the second-highest level of executive pay ever, according to the group’s annual Executive Paywatch report. CEO pay fell last year compared to the previous year, said Brandon Rees, the AFL-CIO’s deputy director of corporations and capital markets. “However, it didn’t fall nearly as much as stock prices fell, at which is the CEO’s favorite yardstick for measuring their own performance.
The bot battle Among the biggest concerns raised in the latest pay report is the way artificial intelligence is poised to benefit executives more than their employees. “The AI revolution has potential to unleash broad-based prosperity that improves working conditions and lifts us all up,” said AFL-CIO Secretary-Treasurer Fred Redmond.
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