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The Economic Times
The Economic Times

Average pay of CEOs of S&P 500 companies rose to record $22.8 million following Elon Musk's nearly $1 trillion compensation, AFL-CIO finds

Elon Musk’s record-setting compensation packages from Tesla and SpaceX are reshaping executive CTC across corporate America, with S&P 500 boards increasingly using them as a benchmark for larger CEO pay, an American Federation of Labour and Congress of Industrial Organisations study found, according to a Reuters report.

Excluding Musk, the average compensation for S&P 500 chief executives jumped 21% to a record $22.8 million in 2025, data released on Thursday by the AFL-CIO showed. It was the highest figure since the AFL-CIO began tracking CEO pay in the 1990s.

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