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April 25, 2023

Pay increases for S&P500 CEOs slow but stock and option incentives jump

New York Stock Exchange: Research on US blue-chip companies shows share prices fell while executive pay rose across some sectors (Photo: Ilya S. Savenok/Getty Images)
New York Stock Exchange: Research on US blue-chip companies shows share prices fell while executive pay rose across some sectors (Photo: Ilya S. Savenok/Getty Images)

The median pay increase for chief executives of S&P500 companies in the latest filing period was down on the huge jumps recorded in 2021 and 2022.

The median salary rise for chief executive officers across 337 US companies (whose CEOs were in place between the 2022 and 2023 proxy statement filing period) fell to 3.1 per cent from the 13.2 per cent jump registered across the 2021 and 2022 periods, according to consultancy ISS Corporate Solutions, part of Institutional Shareholder Services. Bonuses also fell but stock and option awards rose, it reported.

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