CEO pay dropped in 2023—but it’s not clear why
A recent analysis by the Economic Policy Institute found that CEO pay packages declined last year by 20%. But CEOs are still earning 290 times as much as the average worker.
For decades, chief executive pay has climbed precipitously, buttressed by generous stock awards and six-figure bonuses. Since 1978, CEO compensation has spiked by 1,085%, a far cry from the 24% bump in pay that the average worker has seen.