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☆ The typical CEO makes nearly 200 times more than their workers
▼ + stars: | 2024-06-05 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Typical compensation packages for chief executives who run companies in the S&P 500 rose nearly 13% last year, the AP reports . Median CEO pay hit $16.3 million in 2023, or nearly 200 times the typical worker's wages for the year, according to data analyzed for The Associated Press by Equilar . In 2022, CEOs made roughly 185 times their typical worker; with the jump in 2023 numbers, CEOs now make roughly 196 times their employees. CEO pay is generally decided on by shareholders, who in the last four years have overwhelmingly voted in support of executive compensation plans, according to Equilar data. CEO pay has increased by 1,209% since 1978, compared with an 15% bump for the typical worker over this time period, according to the left-leaning Economic Policy Institute.

Persons: haven't, Lawrence Mishel, Amit Batish, aren't, Batish, Sarah Anderson, Anderson Organizations: Associated Press, Equilar, Federal Trade Commission, CNBC, Institute for Policy Studies, AP Locations: Equilar

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☆ How top execs get a bigger tax break on retirement savings than the rest of us
▼ + stars: | 2023-05-18 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

It’s a very real possibility, thanks to some generous tax-advantaged retirement savings options available to them — but not to rank-and-file employees. At Disney, where median employee pay is $54,256, CFO Christine Mary McCarthy had amassed nearly $44 million in a nonqualified plan. If annuitized, that balance might generate $3 million a month in retirement, IPS estimated. Narrowing the retirement divideMany Americans face critical shortfalls in savings as they near retirement. By contrast, the median 401(k) balance at Vanguard, a major provider of such plans, was just $33,472,” the IPS report notes.

☆ Harvard-trained psychologist: If you use any of these 9 phrases every day, ‘your relationship is more successful' than most
▼ + stars: | 2023-04-07 | by ( Dr. Cortney Warren | ) www.cnbc.com time to read: +4 min

As a Harvard-trained psychologist, I've found that the happiest couples don't avoid conflict — they navigate it by speaking to each other with appreciation and respect. So if you use any of these phrases with your partner, your relationship is more successful than most others:1. Similar phrases: "I don't know why this is so upsetting to you. Similar phrases: "I'll stop talking now and really try to listen to your point of view." Similar phrases: "I know we can't change the past, so I'm actively trying to let it go and move forward."

☆ In hard times, Corporate America looks out for its CEOs
▼ + stars: | 2023-04-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

See here: Recent filings illustrate the way CEOs are still lavishly compensated even when massive screw-ups happen on their watch. A Southwest representative told CNN that the December cancellations did factor into the bonuses paid out to employees. The boards that make decisions on CEO pay are usually stacked with executives or former executives from other companies who benefit from the system. Often, CEOs of distressed companies — rather than seeing pay cut — receive so-called retention bonuses to encourage leaders not to flee the sinking ship. “When all the numbers are crunched, 2022 is going to be a flat year for CEO pay,” said Reda.

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