{"id":48878,"date":"2020-08-18T17:42:00","date_gmt":"2020-08-18T14:42:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/american-ceos-got-a-14-percent-pay-raise-last-year-study-finds\/"},"modified":"2020-08-18T17:42:00","modified_gmt":"2020-08-18T14:42:00","slug":"american-ceos-got-a-14-percent-pay-raise-last-year-study-finds","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/american-ceos-got-a-14-percent-pay-raise-last-year-study-finds\/","title":{"rendered":"#American CEOs got a 14 percent pay raise last year, study finds"},"content":{"rendered":"

“#American CEOs got a 14 percent pay raise last year, study finds<\/strong>”<\/p>\n

\n
\n
\n

August 18, 2020 |<\/span> 10:42am <\/p>\n

\n America\u2019s leading CEOs got paid 14 percent more on average in 2019 \u2014 and their paychecks could grow again this year even amid the coronavirus pandemic, researchers say.<\/p>\n

The chief executives at the top 350 US companies by sales raked in an average of $21.3 million last year, up from about $18.7 million in 2018, according to a Tuesday report from the Economic Policy Institute.<\/p>\n

That means the average CEO made 320 times as much money as a typical rank-and-file worker in their industry \u2014 a ratio that\u2019s ballooned from just 61-to-1 in 1989, the left-leaning think tank\u2019s study shows.<\/p>\n

\u201cImportantly, rising CEO pay does not reflect rising value of skills, but rather CEOs\u2019 use of their power to set their own pay,\u201d researchers Lawrence Mishel and Jori Kandra wrote in the report. \u201cAnd this growing earning power at the top has been driving the growth of inequality in our country.\u201d<\/p>\n

Those figures are based on the Economic Policy Institute\u2019s measurement of \u201crealized\u201d compensation \u2014 which counts the value of stock options when they\u2019re exercised, usually after the stock price has risen, and the value of stock awards when they\u2019re vested, meaning when the executive actually owns them.<\/p>\n

The think tank also tracks compensation using the value of stock awards and options by their \u201cfair value\u201d when granted. Based on that formula, average CEO pay jumped 8.6 percent last year to about $14.5 million.<\/p>\n

In either case, the growth in CEO pay is closely tied to the thriving US stock market because equity awards make up more than half of their total compensation packages, according to the report.<\/p>\n

\"Amazon<\/img>
Amazon CEO Jeff Bezos<\/span>Hindustan Times via Getty Images<\/span><\/figcaption><\/figure>\n

That suggests corporate bosses will get even richer in 2020 given that stock prices are hovering near record highs despite the COVID-19 crisis sparking a historic economic downturn that put millions of Americans out of work.<\/span><\/p>\n

Several CEOs have given up part or all of their base salaries as the pandemic pummeled their companies \u2014 but they \u201caren\u2019t giving up a lot given how much of their pay comes from stock awards and options,\u201d Mishel and Kandra wrote.<\/p>\n

The report notes that the inflation-adjusted growth of the benchmark S&P 500 index was about 8 percent higher in the middle of this year than in 2019 as the stock market bounced back from its massive crash in February and March.<\/p>\n

Chief executives\u2019 realized pay surged more than 1,100 percent from 1979 to 2019 when adjusted for inflation, outpacing the stock market\u2019s growth by about 50 percent while the typical worker\u2019s compensation climbed just 13.7 percent in that same period, the report says.<\/p>\n

\u201c<\/span>As profits and stock market prices have <\/span>reached record highs, the wages of most workers have grown very modestly, including in <\/span>the recovery from the Great Recession,\u201d the researchers wrote.\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

\n

If you want to read more Business News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

if you want to watch Movies<\/a> or Tv Shows go to Dizi.BuradaBiliyorum.Com<\/a> <\/span> for forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#American CEOs got a 14 percent pay raise last year, study finds” August 18, 2020 | 10:42am America\u2019s leading CEOs got paid 14 percent more on average in 2019 \u2014 and their paychecks could grow again this year even amid the coronavirus pandemic, researchers say. The chief executives at the top 350 US companies by…<\/p>\n","protected":false},"author":1,"featured_media":48879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[55006,603],"class_list":["post-48878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-american-ceos-got-a-14-percent-pay-raise-last-year","tag-study-finds"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/48878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=48878"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/48878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/48879"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=48878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=48878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=48878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}