“The chief executives of America’s 500 biggest companies got a collective 38% pay raise last year, to $7.5 billion. That’s an average $15.2 million apiece. Exercised stock options again account for the main component of pay, 48%. The average stock gain was $7.3 million,” Scott DeCarlo reports for Forbes.
“The highest-paid boss of the 500 companies we tracked: Apple (AAPL) chief Steve Jobs. He drew a nominal $1 salary but realized $647 million from vested restricted stock last year,” DeCarlo reports.
Full article here.
[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]
Worth every penny.