Shareholders OK with soaring executive pay in US
New York (AFP) - Executive salaries at major US corporations are soaring -- but shareholders happy with stock prices and greater transparency over remuneration are not pushing back. Between 2017 and 2023 the average annual compensation for a CEO at an S&P 500 company rose nearly 40 percent to $16.3 million, according to the consulting firm Equilar. That compares to a 27 percent increase for the average US worker. But shareholders do not seem to mind. Only twice this year -- or 0.5 percent of the time -- did they vote down executive pay packages proposed at annual meetings, said the business c...