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
CEO pay in America rose 11% last year, reaching $9.3 million.   (Shutterstock)

(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.

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May 9, 2011 5:58 PM CDT
And all the people who actually do the work still get shit on!!!!
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.
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.