CEO Pay Growth Slows but Remains Vastly Disproportionate to Worker Wages
- CEO compensation rose 0.9% in 2022, the smallest increase since 2015, while median pay for S&P 500 employees was $77,178, up 1.3%.
- The wage gap between CEOs and workers widened, with CEO pay now 261 times that of the typical worker.
- Female CEO pay fell 6% last year, though compensation rose for over half of women CEOs; only 20 of 343 S&P 500 CEOs are women.
- Alphabet CEO Sundar Pichai received $225 million in compensation in 2022, 15 times the median pay of other CEOs.
- Nearly 130 CEOs saw pay cuts last year, and more significant reductions are expected in 2023.