Madison.com, 5/26/2022
The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analyzed for The Associated Press by Equilar. [emphasis added]
The gain towers over the 4.4% increase in wages and benefits netted by private-sector workers through 2021, which was the fastest on record going back to 2001. The raises for many rank-and-file workers also failed to keep up with inflation, which reached 7% at the end of last year.
According to a 4/15/2022 report from the Bureau of Labor Statistics, the median weekly earnings of the nation's 117.5 million full-time wage and salary workers were $1,037
in the first quarter of 2022. That translates to $53,924, a far cry from $14.5 million
Men: $1,128/$58,656
Women: $939/$48,828
Blacks: $840/$43,680
Hispanics: $799/$41,548
Asian: $1,362/$70,824
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