24/7 Insights
- A recent analysis shows that, across the S&P 500, CEOs made 196 times what their workers did last year.
Each year, there is a list of public company chief executive officers who make several hundred times as much money as their workers. The U.S. Securities and Exchange Commission requires these corporations to compare CEO pay to the median compensation of all their workers. For 2023, across the S&P 500, CEOs made 196 times what their workers did.
This year’s Equilar | Associated Press CEO Pay Study showed that pay across the 500 CEOs rose 12.6% to $16.3 million. In most cases, the largest part of pay packages are stock options. The authors wrote, “In line with the average CEO pay package, stock awards made up approximately 70% of total compensation in 2023.”
The highest-paid CEO on the list was Broadcom’s Hock Tan at $162 million. The highest-paid woman was Lisa Su of AMD, who earned $30 million. Of the 341 CEOs in the study’s universe, 25 were women. Female CEOs did well. “Overall, the women in this year’s study were awarded a median pay package of $17.6 million in 2023, 7.7% more than the index median,” the report states.
The debate over whether CEOs should make so much more than their workers will continue as long as the data is available. Occasionally, shareholders have tried to get CEO pay onto proxies, hoping that shareholders will revolt. It virtually never happens.
These Are the Youngest Fortune 500 CEOs Today
∴
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.