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U.S. CEO Pay Soars 31% On Stock And Cash Awards, Study Finds


Median shell out for major U.S. CEOs rose 31% final year to a document $20 million, a new analyze identified, surging after a slight decrease all through the COVID-19 pandemic, as companies showered leaders with inventory awards and hard cash bonuses.

Chief executives receiving large fork out boosts provided the leaders of tech giant Apple and semiconductor manufacturer Broadcom Inc,, according to the study released Monday by research company Equilar.

It protected the 100 greatest U.S. companies by revenue that filed proxy statements by March 31. The identical research a yr in the past uncovered median CEO fork out was $15.5 million, 2% reduce than in 2020.

Equilar director of written content Amit Batish reported businesses appeared to reward leaders who steered them via difficulties like supply shortages. Increasing revenue and share rates also boosted payment. “A whole lot of these organizations did very well all through the pandemic, that was surely driving the raises in pay out,” he said.

The increased pay could prompt significant shareholder votes, Batish added, however other traders treatment extra about returns. Among S&P 500 companies, normal help for advisory votes on executive pay out fell to 88.3% past year from 89.6% in 2020, according https://semlerbrossy.com/wp-content material/uploads/2022/03/SBCG_2022-SOP-Report_04-14.pdf to pay back consultancy Semler Brossy, and was at 85.6% this yr so much.

The tendencies also to pushed up the ratio of CEO pay back to the pay out of companies’ median workers to 254:1 from 238:1 a 12 months ago, Equilar’s review claimed.

It cited executives like Apple CEO Tim Cook dinner, who obtained $98.7 million last year, up from $14.8 million in 2020, including a significant inventory award. Investors cast 64% of votes in favor of the fork out at the firm’s March 4 annual conference, a very low amount of assist.

Apple declined to comment.

At chipmaker Broadcom, CEO Hock Tan received $60.7 million very last calendar year, up from $3.7 million the yr prior to. On April 4, buyers forged 80% of votes in favor of the fork out.

Broadcom declined to remark.



Kusum

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