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Al Jazeera

Business

Median CEO pay in US hits record high even as markets tumble

United States AXON Patrick Smith Union Pacific

CEOs see pay raise often tied to stock performance [File: Richard Drew/AP]

Median pay among top United States CEOs rose 7.5 percent to a record $16.8m for 2024, a new study found, as big stock grants have boosted leaders’ reported earnings well beyond the pay received by US workers.

The CEOs of Axon and Union Pacific were among those getting big pay boosts from stock awards, according to the review of pay among S&P 500 CEOs by ISS-Corporate, the corporate advisory arm of Institutional Shareholder Services.

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