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CEO Pay Jumped to a Record $23.7 Million. But That’s Not the Whole Story.

CEO Pay Jumped to a Record $23.7 Million. But That’s Not the Whole Story.

Median pay for America’s top CEOs rose 11.4% in 2023 to a record $23.7 million, according to pay consulting group Equilar. The increase in CEO pay is well ahead of the 3.4% inflation rate in 2023 and the 4.3% gain for the average worker. Topping Equilar’s list is Broadcom CEO Hock Tan, with total compensation of $161.8 million last year.