Big company CEOs got a 7% raise last year — worth $800,000

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Median pay for CEOs at S&P 500 companies rose to $12 million in 2018, as companies tie more of the compensation to stock prices still near record levels.

Discovery Communications Chief Executive David Zaslav received $129.5 million in total compensation in 2018, up 207% from a year earlier.

Pay for typical workers at these companies isn't rising nearly as quickly. The median increase was 3% last year, less than half the growth for the top bosses. Median means half were larger, and half were smaller. “It's a natural thing for a CEO and a board to say, ‘How are others who are doing similar work paid?' And there's a natural sense that if the board believes and supports their CEO, they don't expect their CEO to be paid less than the others in the industry,” said Eric Hosken, a partner at Compensation Advisory Partners, a consulting firm that works with boards.

The AP's CEO compensation study included pay data for 340 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their companies, which filed proxy statements between Jan. 1 and April 30. for their typical worker. The measure is far from perfect, mostly because companies have a lot of flexibility in how to calculate the numbers.

 

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Any other pay level get a 7% raise?

So?

Good for them!

Cool cool cool. So, raising minimum wage is a terrible idea, but CEOs can get a 7% annual raise. We need regulations to anchor wages of employees to those of their c-suite. The Walmart family should not be one of the richest in US while their employees get poverty level wages.

Ah doing what it did back during the Clinton tenure (they never mention that, do they?

Wow. Just wow. Unashamed.

🖕

Wouldn't it be nice if median pay for teachers went up 10 fold?

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