Half of S&P 500 leaders made more than $8.3 million in pay, stocks, perks
Compensation for America’s top CEOs has skyrocketed into the stratospheric heights of pro athletes and movie stars, as half now make more than $8.3 million a year, and some make much, much more.
According to a study conducted by the Associated Press, CEOs of companies in the Standard & Poor’s 500 that filed proxy information in the first half of this year received a combined $4.16 billion in 2006.
The high cost of chief executive pay has drawn criticism in recent years as salaries rose, stock options paid off like lottery jackpots, and perks like chauffeured cars and private jets spread. Still, there are few signs of any investor backlash.
See full Article.
Posts
