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S&P 500 CEOs See Median Pay Climb 9.7% to $17.1 Million

Robust market returns fueled larger stock awards that have broadened the worker-CEO pay gap

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FILEw - Jane Fraser, CEO, Citigroup, speaks during a Senate Banking, Housing, and Urban Affairs Committee oversight hearing to examine Wall Street firms on Capitol Hill, Wednesday, Dec. 6, 2023 in Washington. (AP Photo/Alex Brandon, File)
FILE- Mary Barra, chair and CEO of General Motors, talks to David Rubenstein during an interview hosted by the Economic Club of Washington, Wednesday, Dec. 13, 2023, in Washington. (AP Photo/Stephanie Scarbrough, File)
FILE - General Electric Co. CEO Lawrence Culp Jr. signs a $52 billion deal by Emirates to purchase Boeing aircraft with GE engines, at the Dubai Air Show, in Dubai, United Arab Emirates, Monday, Nov. 13, 2023. (AP Photo/Lujain Jo)

Overview

  • Median CEO compensation jumped to $17.1 million in 2024 while median employee pay grew 1.7% to $85,419
  • Stock awards drove most of the increase, rising 14.7% to a median $10.2 million and vesting on profit or share-price targets
  • Executives now earn about 192 times what a typical employee makes, a disparity underscored by mandatory pay-ratio disclosures
  • Female CEOs in the survey—27 in total—saw median pay rise 10.7% to $20 million, the largest cohort since 2014
  • A 23% gain in the S&P 500 and over 9% growth in corporate profits underpinned the surge in executive pay