Median CEO pay rose to $16.3 million, 12.6% up, highlighting stark income inequality as workers' pay only saw a 4.1% increase.
CEOs at half the companies would take workers almost 200 years to earn what the CEO makes, signifying a significant pay gap.
Companies rewarded CEOs in a post-pandemic resilient economy, with some receiving a 50% pay increase amidst inflation and rising interest rates.
High CEO compensations aim to retain talent by rewarding leadership, supported by market conditions and board decisions post-pandemic.
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