Matt Krantz and Barbara Hansen, USA Today
Submitted by: Editor
CEO Pay Surges As Economy Recovers
[USA Today] Coming off a year in which the Standard & Poor's 500 gained 13% and companies ended up sitting on record amounts of cash, CEOs are back to collecting big raises. While many CEOs fell short of performance targets and saw their bonuses get cut as a result, lucrative salary gains and stock awards powered by a rising stock market are more than repairing any hit. Meanwhile, big raises continue even as many companies are laying off employees.
All told, CEOs scored an 8% pay increase in 2012, taking the median to $9.7 million, for the biggest increase in two years. These are the results of a USA TODAY analysis of data from GMI Ratings and S&P Capital IQ based on 145 Standard & Poor's 500 companies that have reported 2012 CEO pay this year with the same CEO for all of 2012 and 2011. These results are preliminary, as companies continue to file their CEO pay data.
This is a comprehnsive article, detailing every aspect of outrageous CEO thievery. Be sure to check out the 2012 CEO COMPENSATION graph USA Today provides about half way down the page.