Median CEO Pay Passes $10M for First Time
The median salary for American CEOs increased for the fourth year in a row, crossing the eight-figure threshold for the first time. According to an Associated Press/Equilar pay study, a typical CEO made $10.5 million in 2013. The female CEOs surveyed actually made more than their male counterparts, $11.7 million to $10.5 million.
However, only 12 of the CEOs included were women, while there were 325 men. Overall, median CEO salaries were up 8 percent from the year before and up more than 50 percent since 2009.
The increase reflects the growing wage gap between management and workers over recent years. A CEO now makes 257 times more than an average employee, compared to 181 times more in 2009, the researchers say.
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