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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.

CEO Pay Continued to Rise in 2023, Widening the Income Gap Between Executives and Workers

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<br/>McKesson now claims top spot in North Texas after Exxon's move to Houston area<br/><br/>DALLAS — Read this story and more North Texas business news from our partners at the Dallas Business Journal<br/><br/>Dallas-Fort Worth has 21 companies on the latest Fortune 500, published June 4. That was down slightly from last year, when the list featured 24 companies from the region, and there were several notable changes to the ranking.<br/>The highest-ranked DFW company on the list is now No. 9 McKesson Corp. (NYSE: MCK), based on 2023 revenue of $276.7 billion, after No. 7 Exxon Mobil Corp. (NYSE: XOM) last summer completed its move to the Houston area from North Texas. McKesson, a pharmaceutical distribution and health care services and supplies company, moved to North Texas from California in 2019.<br/><br/>The change might elicit a shrug from readers, since the Exxon move has been widely covered. But it speaks to the hole left by the relocation. Exxon is a Fortune 500 stalwart: it's one of only 49 companies that have made the list every year since its debut in 1955.<br/><br/>The biggest gainers on the list for North Texas were Fluor (NYSE: FLR), which jumped 38 spots from the prior year's ranking to No. 265, and Yum China Holdings Inc. (NYSE: YUMC), which climbed 37 spots to No. 368. Irving-based Fluor is a major engineering and construction company while Plano-based Yum China owns and operates fast food chains including KFC and Pizza Hut in the world's second most populous country.<br/><br/>The biggest DFW dropper on the Fortune 500 was No. 240 Builders FirstSource (NYSE: BLDR), which slipped 68 spots from a year earlier. The Irving-based company reported a nearly 25% drop in revenue last year. CEO Dave Rush described \

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