Friday, March 29, 2013

2012 - CEO's Get EIGHT % Raise - Did U?????

Coming off a year in which the Standard & Poor's 500 gained 13% and companies ended up sitting on record amounts of cash, CEOs are back to collecting big raises. While many CEOs fell short of performance targets and saw their bonuses get cut as a result, lucrative salary gains and stock awards powered by a rising stock market are more than repairing any hit. Meanwhile, big raises continue even as many companies are laying off employees.

All told, CEOs scored an 8% pay increase in 2012, taking the median to $9.7 million, for the biggest increase in two years.

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