Monday, July 11, 2011

U.S. CEO Pay Increases By 23 Percent From 2009 to 2010

A study conducted for The New York Times by Equilar, an executive compensation data firm based in Redwood City, California, has found the median pay for CEOs at the 200 large U.S. companies last year averaged $10.8 million, an increase of 23 percent from 2009. While CEOs earned an average of $207,690 per week last year, the typical American worker took home $725 per week at the end of 2010, a slight increase from a year earlier. Viacom CEO Philippe Dauman was the highest paid CEO making $84.5 million last year. CBS Corporation CEO Leslie Moonves received a 32 percent pay raise, resulting in $57 million in earnings.

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