CEO pay rose nearly 10% in 2024 as stock prices and profits soared

[Yo_Mama_Been_Loggin]

Source: AP

NEW YORK (AP) — The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.

Many companies have heeded calls from shareholders to tie CEO compensation more closely to performance. As a result, a large proportion of pay packages consist of stock awards, which the CEO often can’t cash in for years, if at all, unless the company meets certain targets, typically a higher stock price or market value or improved operating profits.

The Associated Press’ CEO compensation survey, which uses data analyzed for The AP by Equilar, included pay data for 344 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their companies, which filed proxy statements between Jan. 1 and April 30.

Here are the key takeaways from the survey:

Read more: https://apnews.com/article/ceo-pay-compensation-pay-ratio-perks-1b968327984edfc67486c2e0e3dc2fff

[raccoon]

1. That's obscene, considering how many Americans are struggling.

[Basso8vb]

2. And firing employees and contractors right before earnings calls.

So they can steal their productivity/profits.

[BootinUp]

3. 10% of millions is quite substantial. Nt

[Turbineguy]

4. No wonder they need a tax cut.

[LiberalArkie]

5. Damn, not nearly enough. Everyone knows the more they make. they more they pay the low earners in their companies.

It is call Reaganomics and the Trickle-down economics. I think every MBA knows that is what makes the economy run.

Maybe they did not fire enough of the "John Does" at their companies. Maybe they did not increase their prices enough.

[Ollie Garkie]

6. Fick them-nt

[BurnDoubt]

7. Biden's Fault Again...

And the Pricks still sucked up to Deplorable I.