The median CEO in the S&P 500 was paid 196 times as much as the median employee in 2023, according to an analysis by Equilar and The Associated Press. The widening divide is driven by the fact that CEO pay — which is closely tied to share prices — is rising notably faster than that of employees. Median total compensation for S&P 500 CEOs (including stock awards) soared to $16.3 million in 2023 — a huge year-over-year increase of 12.6%, compared to just 0.9% in 2022. The median S&P 500 employee earned $81,467 last year, up 5.2% from 2022, the report said. Given the rising stock market, the median stock award increased by 10.7% to $9.4 million, the report found.

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Persons: Moody’s, Eleanor Bloxham, Bloxham, “, Hock Tan, William Lansing, Tim Cook, Barbara Rentler, — Organizations: New, New York CNN, Associated Press, Workers, Value Alliance, CNN, Federal Reserve, Nasdaq, Broadcom, Apple, Ross Stores, Ross Locations: New York, United States