Pay for top chief executives in the United States has “gained steam” and is on course to set another record high despite a tight labor market.
According to Theo Francis in The Wall Street Journal. Median total pay for S&P 500 bosses (including restricted stock) rose to $14.2m last year, up from $13.4m in 2020, according to the paper’s analysis.
Most of those bosses received a pay rise of 11 percent or more, and pay rose by at least a quarter for almost a third.
Of the highest pay deals so far disclosed this year, David Zaslav of media group Discovery earned $246.6m, Amazon’s Andy Jassy received $212.7m and Pat Gelsinger of chipmaker Intel got $178.6m.
As multiples of the median pay for employees in their companies, Jassy earned almost 6,500 times as much as staff, Zaslav nearly 3,000 and Gelsinger’ total pay was around 1,700 times higher than the average.
Kris Paterson is a writer for WhatJobs.com