Posted May 27, 2017 07:22 pm By Associated Press CEO pay by the numbers: How big were last year’s raises? Comments 0Share Richard Drew/Associated PressCharter Communications CEO Thomas Rutledge (left) and IBM CEO Virginia Rometty. Rutledge was the highest paid CEO in 2016 ($98 million) and Rometty was the highest paid female CEO, according to a recent study. Associated Press The typical big-company CEO raked in $11.5 million last year in salary, stock and other compensation, according to a study by executive data firm Equilar for The Associated Press. That’s an 8.5 percent raise from a year earlier. The bump reflects how well stocks have done under these CEOs’ watch. Boards of directors increasingly require that CEOs push their stock price higher to collect their maximum possible payout, and the Standard &Poor’s 500 index returned 12 percent last year. Over the last five years, median CEO pay in the survey has jumped by 19.6 percent. That’s nearly double the 10.9 percent rise in the weekly paycheck for full-time employees across the country. http://onlineathens.com/business/2017-05-27/ceo-pay-numbers-how-big-were-last-year-s-raises
The bump reflects how well stocks have done under these CEOs’ watch. Absurdity. The stock prices go up due to record buybacks. Isn't it wonderful, you build debt and spend profits to do share buybacks to manipulate the price, the same price that's tied to your salary and bonuses. Then claim the shares are up due to genius CEOs. I'm not surprised socialism is on the rise with pyramiding/racketeering/manipulation like this going on, especially considering the huge corporations receive all sorts of government benefits in their various forms.