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Elon Musk and his fellow CEOs are outpacing their workers with fastest pay growth in 14 years—but some still justify massive pay packages by ‘fairness' [Fortune]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Despite more than a decade of controversy, median CEO compensation at the 500 largest S&P companies increased at its highest pace in at least 14 years in 2023 according to figures from Institutional Shareholder Services cited by the Financial Times on Sunday. The debate over high CEO pay in America has raged for years as proponents argue the free market sets the level while critics claim it is untethered from reality given their peers in fellow industrialized nations earn a fraction of what they take home. Data from Equilar published earlier this month declared Jon Winkelreid from private equity firm TPG the best paid executive in America, taking in nearly $200 million in total compensation, while the top five in its ranking all earned a minimum of $150 million each. Many Americans are no longer willing to countenance these kind of rewards as wages adjusted for inflation stagnated for decades before the recent bout of high inflation both pushed up wages and strained their finance
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