Had he been writing today, Franklin might have added ever-rising CEO pay to his list of inevitabilities. 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. Equilar’s list includes the largest CEO pay packages at companies with revenue of at least $1 billion that filed their proxies to the Securities and Exchange Commission by March 31.
As Tesla tanks, top funds bet big on AI leader Broadcom stock, as well as Nvidia and Google. But market pressures rise.
Stock Market Today: The Dow Jones recovered after Israel's retaliatory strike on Iran. Netflix stock dived on weak sales forecasts.