Official announcements from U.S. government agencies, legislative records

U.S. CEOs Receive Nearly 13% Pay Raises in 2023, Widening Gap with Workers

Jun 3, 2024, 04:00 PM

CEOs in the U.S. received significant pay raises in 2023, with compensation packages for chief executives of companies in the S&P 500 increasing by nearly 13%. This increase is substantially higher than the average 4% pay raise received by workers. The disparity highlights the growing gap between executive and worker compensation, with U.S. CEOs making approximately 200 times more than their employees. This trend comes at a time when inflation is putting considerable pressure on American budgets.