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CEO Pay Continued to Rise in 2023, , Widening the Income Gap , Between Executives and Workers.<br/>'The Independent' reports that the typical CEO <br/>compensation for S&P companies continues to<br/>increase, outpacing wages for average workers.<br/>The Associated Press released its annual analysis of <br/>CEO pay, which takes into account salaries, bonuses, <br/>perks and other pay components, like stock awards.<br/>According to the data, median CEO pay jumped almost <br/>13% in 2023, over three times more than the 4.1% increase <br/>to wages and benefits for private-sector workers.<br/>The median pay package for CEO's in 2023 <br/>was up 12.6% from 2022, reaching $16.3 million.<br/>With $16.3 million representing the midpoint, approximately half of the S&P 500 CEOs <br/>included in the survey earned even more.<br/>According to the survey, the income gap <br/>was even wider at companies where<br/>workers earn lower wages, like retail.<br/>'The Independent' uses Ross Stores as an example, where <br/>the average worker earning $8,618 would take 2,100 years <br/>to earn as much as CEO Barbara Rentler made in 2023.<br/>'The Independent' uses Ross Stores as an example, where <br/>the average worker earning $8,618 would take 2,100 years <br/>to earn as much as CEO Barbara Rentler made in 2023.<br/>At the top of the AP data was Broadcom Inc. <br/>CEO Hock Tan, who took home a 2023 <br/>pay package worth an estimated $162 million.<br/>At the top of the AP data was Broadcom Inc. <br/>CEO Hock Tan, who took home a 2023 <br/>pay package worth an estimated $162 million.<br/>In addition to the widening gap between <br/>employees and CEOs, the survey also <br/>highlighted the persistence of gender inequality. .<br/>The highest paid female on the list was Lisa Su, <br/>the CEO and chair of the board for Advanced Micro <br/>Devices, with a total compensation of $30.3 million. .<br/>The highest paid female on the list was Lisa Su, <br/>the CEO and chair of the board for Advanced Micro <br/>Devices, with a total compensation of $30.3 million.

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CEO Pay Continued to Rise in 2023, , Widening the Income Gap , Between Executives and Workers.&#60;br/&#62;&#39;The Independent&#39; reports that the typical CEO &#60;br/&#62;compensation for S&amp;P companies continues to&#60;br/&#62;increase, outpacing wages for average workers.&#60;br/&#62;The Associated Press released its annual analysis of &#60;br/&#62;CEO pay, which takes into account salaries, bonuses, &#60;br/&#62;perks and other pay components, like stock awards.&#60;br/&#62;According to the data, median CEO pay jumped almost &#60;br/&#62;13% in 2023, over three times more than the 4.1% increase &#60;br/&#62;to wages and benefits for private-sector workers.&#60;br/&#62;The median pay package for CEO&#39;s in 2023 &#60;br/&#62;was up 12.6% from 2022, reaching &#36;16.3 million.&#60;br/&#62;With &#36;16.3 million representing the midpoint, approximately half of the S&amp;P 500 CEOs &#60;br/&#62;included in the survey earned even more.&#60;br/&#62;According to the survey, the income gap &#60;br/&#62;was even wider at companies where&#60;br/&#62;workers earn lower wages, like retail.&#60;br/&#62;&#39;The Independent&#39; uses Ross Stores as an example, where &#60;br/&#62;the average worker earning &#36;8,618 would take 2,100 years &#60;br/&#62;to earn as much as CEO Barbara Rentler made in 2023.&#60;br/&#62;&#39;The Independent&#39; uses Ross Stores as an example, where &#60;br/&#62;the average worker earning &#36;8,618 would take 2,100 years &#60;br/&#62;to earn as much as CEO Barbara Rentler made in 2023.&#60;br/&#62;At the top of the AP data was Broadcom Inc. &#60;br/&#62;CEO Hock Tan, who took home a 2023 &#60;br/&#62;pay package worth an estimated &#36;162 million.&#60;br/&#62;At the top of the AP data was Broadcom Inc. &#60;br/&#62;CEO Hock Tan, who took home a 2023 &#60;br/&#62;pay package worth an estimated &#36;162 million.&#60;br/&#62;In addition to the widening gap between &#60;br/&#62;employees and CEOs, the survey also &#60;br/&#62;highlighted the persistence of gender inequality. .&#60;br/&#62;The highest paid female on the list was Lisa Su, &#60;br/&#62;the CEO and chair of the board for Advanced Micro &#60;br/&#62;Devices, with a total compensation of &#36;30.3 million. .&#60;br/&#62;The highest paid female on the list was Lisa Su, &#60;br/&#62;the CEO and chair of the board for Advanced Micro &#60;br/&#62;Devices, with a total compensation of &#36;30.3 million.
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