Pay for S&P 500 chief executives rose by 7.7 per cent last year as packages at the US’s biggest companies keep increasing.
Median total pay for S&P bosses rose to $19mn last year. The jump in median chief executive pay was higher than a 7.2 per cent rise in 2023, according to Farient Advisors, a pay consultancy, and marked the quickest pace of growth since an 11.5 per cent gain in 2021.
Total pay for the broader American workforce increased 3.6 per cent in the 12 months that ended December 2024, according to the Bureau of Labor Statistics.
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