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Fortune
Fortune
Christiaan Hetzner

Elon Musk and his fellow CEOs are outpacing their workers with fastest pay growth in 14 years—but some still justify massive pay packages by ‘fairness’

Tesla CEO Elon Musk (Credit: Axelle/Bauer-Griffin/FilmMagic/Getty Images)

Even as inflation gradually cools off, there is one price rise affecting corporate America that knows no end in sight—the ever-rising cost of paying top executives.

Despite more than a decade of controversy, median CEO compensation at the 500 largest S&P companies increased at its highest pace in at least 14 years in 2023 according to figures from Institutional Shareholder Services cited by the Financial Times on Sunday.  

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