NEW YORK (AP) — The typical compensation for CEOs of S&P 500 companies keeps climber higher — and outpacing the wages of average workers today.
the salaries, bonuses, perks, stock awards and other pay components of 341 top executives. The survey found that median CEO pay jumped nearly 13% last year, more than three times the 4.1% that wages and benefits netted by private-sector workers rose through 2023.
The gap is particularly wide at companies where employees earn lower wages, such as retailers. At Ross Stores, for example, the company says its employee at the very middle of the pay scale was a part-time retail store associate who made $8,618. It would take 2,100 years earning that much to equal CEO Barbara Rentler’s compensation from 2023, valued at $18.1 million. A year earlier, it would have taken the median worker 1,137 years to match the CEO’s pay., just 25 are women.
Su received a base salary of $1.2 million and a performance bonus of more than $1.4 million. The bulk of her package was $21.8 million in stock awards.Many companies have heeded calls from shareholders to tie CEO compensation more closely to performance.
China is handing over control of two key African belt and road railways to the governments of Ethiopia, Djibouti and Kenya, after years of training and observation in the operation of the infrastructure projects. Recently, Chinese operators for the 752km railway linking Ethiopia and Djibouti handed it over to the Ethiopia-Djibouti Railway Share Company after six years of operation.
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