What does an annual raise look like to the top 200 chief executives at public companies? Try more than $1 million.
Recent findings show that for C.E.O.’s at companies with at least $1 billion in revenue, the median pay package in 2012 came in at $15.1 million. That’s a 16 percent increase from 2011. Stock and option grants make up nearly double the cash pay many managers receive, and there seems to be no pay ceiling in sight.
Gretchen Morgenson is a reporter for The New York Times. Her latest piece is titled “An Unstoppable Climb in C.E.O. Pay.”