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. (Read more CEO compensation stories.)

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