CEO Pay Rises Again In 2011, While Workers Struggle To Find Work - Spokane, North Idaho News & Weather KHQ.com

CEO Pay Rises Again In 2011, While Workers Struggle To Find Work

USATODAY.COM - Executives who successfully steered their companies through the quagmire of recession are now reaping their rewards — although some CEOs might have hoped there would be more.

As companies get healthier, employees' average pay rises and stock prices soar, 2011 brought a year of slight raises for CEOs. While another year of raises comes off one of the biggest increases ever for executive pay in 2010, it wasn't the bonanza CEOs have seen in prior years. Meanwhile, unemployment remains high for most workers.

The annual reporting season for executive pay is in high gear. So far, the tally shows the median CEO pay in 2011 rose 2% to $9.6 million, based on 138 Standard & Poor's 500 companies that have reported CEO pay this year and that had the same CEO for all of 2010 and 2011, according to the USA TODAY analysis of data from GMI Ratings on proxies that have already been filed. click here to read more

 

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