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Financial Times
Financial Times
Business
Patrick Temple-West and Andrew Edgecliffe-Johnson in New York

US executives reap record pay as historic income gap with staff widens

US chief executives are on track to reap record rewards this year, raising the prospect of fresh clashes with investors and employees as the gap between their earnings and those of their staff widens to a historic multiple in the wake of the Covid-19 pandemic.

For the 280 S&P 500 companies that have reported figures this year, the median chief executive’s pay has jumped to a record $14.2mn for 2021, up from $13.5mn in 2020, according to ISS Corporate Solutions, a data provider.

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