The median pay package for the CEOs of America's largest public companies rose an inflation-busting 12% last year according to analysis of more than 400 companies from the Wall Street Journal, with a typical CEO making a crisp $14.7m — and 9 CEO's raking in packages worth more than $50m last year.
The data comes amidst a number of shareholder rebukes of CEO packages. Yesterday, JPMorgan shareholders voted against Jamie Dimon's pay, with only 31% supportive of a $50m one-off payment to the bank's CEO. That news followed a similar vote at Intel, where shareholders voted against a $178m payout to CEO Pat Gelsinger, and last week Amazon shareholders were also advised to vote against the packages of a number of top execs, including CEO Andy Jassy.
Elon Musk, who this week has been tweeting to complain about Twitter's fake users, is a notable exception on CEO pay, with Tesla reporting no pay to Musk again after awarding him a record 2018 package that was valued at $2.3 billion at the time. Warren Buffett is another exception on the list — he's kept his salary at $100k for the last 40 years.
