Companies

CEO fork out at huge providers rose almost 19% previous 12 months to $24 million, report finds

The chief executives at significant U.S. firms received millions of dollars in bonuses or raises previous year even as lots of firms saw slumping revenue and work cuts because of the pandemic, a new analysis shows.

CEO compensation at the top 350 providers jumped practically 19% in 2020 to an regular $24.2 million, in accordance to the Economic Policy Institute, a liberal-leaning assume tank. By comparison, fork out for rank-and-file personnel final year rose around 4%. The common corporate chief at massive organizations in 2020 manufactured $351 for each individual greenback attained by a typical employee, up from a ratio

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