Median CEO Pay Crosses $10 Million For First Time

Median CEO Pay Crosses $10 Million For First

They’re the $10 million men and women. Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for
the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in
2012, according to an Associated Press/Equilar pay study. Last year was the fourth straight that CEO compensation rose following a decline during the
Great Recession. The median CEO pay package climbed more than 50 percent over that stretch. A chief executive now makes about 257 times the average
worker’s salary, up sharply from 181 times in 2009. The best paid CEO last year led an oilfield-services company. The highest paid female CEO was
Carol Meyrowitz of discount retail giant TJX, owner of TJ Maxx and Marshall’s. And the head of Monster Beverage got a monster of a raise.

Many of these companies claim they can’t afford to pay their employees more but can pay their CEO’s millions more? A CEO making 181 times the
average employee wasn’t enough so they bump it up to 257 times? Couldn’t they have just left it at 181 times and gave the extra to the employees so
they could actually afford to be able to live without subsidies from the government? Enough of the BS from these companies saying we can’t afford to
pay our employees more when they can afford to pay their CEO’s this much just goes to show that isn’t so.

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