In 2024, CEO pay reached new heights, with records showing half of the top executives earning at least $17.1 million, an 8% increase from the prior year. Rick Smith of Axon Enterprise topped the list with a pay package of $165 million, while Elon Musk earned nothing in salary. The widening pay gap is alarming, as the average worker earned $66,622. Some CEOs saw pay increases over 100%, with Smith experiencing a staggering 999% increase. These figures highlight growing inequality in corporate America and the escalating compensation for top executives.
In 2024, CEO compensation reached unprecedented levels, with half of top executives earning over $17.1 million, while average U.S. worker salaries lagged at $66,622.
The average pay for CEOs on the list surged by over 8%, highlighting a stark pay gap, as many executives enjoyed staggering salary increases exceeding 100%.
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