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CEO Pay Jumps 11%

Median compensation hits $9.3 million at America's biggest companies

By Mark Russell,  Newser Staff

Posted May 9, 2011 2:38 AM CDT

(Newser) – CEO pay at America's 350 biggest companies soared in 2010, up 11% to a stunning $9.3 million, reports the Wall Street Journal. Most of that growing compensation came from executive bonuses, which leapt 19.7%. Topping the list was Viacom CEO Philippe Dauman, who made a cool $84.3 million, twice his 2009 pay. Did they earn their huge paychecks? Well, share prices and dividend rose even more than CEO pay, as company net income was up 17%, and dividends climbed 18%. No word on how average employee salaries compared.

CEO pay in America rose 11% last year, reaching $9.3 million.
CEO pay in America rose 11% last year, reaching $9.3 million.   (Shutterstock)
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COMMENTS
Showing 3 of 12 comments
billybadass
May 9, 2011 5:58 PM CDT
And all the people who actually do the work still get shit on!!!!
gomer99
May 9, 2011 2:08 PM CDT
Seems like the story missed a key point from the original : "Profits and share prices increased even more than CEO compensation. Net income rose by a median of 17%; shareholders at those companies enjoyed a median return, including dividends, of 18%." So......11% raise sounds like a good deal for the company and the shareholders. Especially in a society whre someone averages 6 million (25M top) for throwing a ball through a hoop.
Your-Average-Joe
May 9, 2011 12:16 PM CDT
"No word on how average employee salaries compared". You can sure guarantee it wasn't no 11% increase! Here is a good idea of the US average employee salaries though it only go's up to 2009 and most likely not much has changed since 2009 as unemployment still remains extremely high. http://www.ssa.gov/oact/cola/awidevelop.html http://wiki.answers.com/Q/What_is_the_average_american_worker%27s_annual_salary

 
CEO compensation • Philippe Dauman

 
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