2011 EXECUTIVE PAYWATCH
| 2010 Average CEO Pay at S&P 500 Companies | |
|---|---|
| Salary | $1,093,989 |
| Bonus | $251,413 |
| Stock Awards | $3,833,052 |
| Option Awards | $2,384,871 |
| Nonequity Incentive Plan Compensation | $2,397,152 |
| Pension and Deferred Compensation Earnings | $1,182,057 |
| All Other Compensation | $215,911 |
| TOTAL | $11,358,445Source: AFL-CIO analysis of pay data from 299 companies, provided by salary.com. |
According to the Federal Reserve, U.S. corporations held a record $1.93 trillion in cash on their balance sheets in 2010. But they are not investing to expand their companies, grow the real economy or create good middle-class jobs. Corporate CEOs are literally hoarding their company’s cash—except when it comes to their own paychecks.
In 2010, Standard & Poor's 500 Index company CEOs received, on average, $11.4 million in total compensation.[1] Based on 299 companies’ most recent pay data for 2010, their combined total CEO pay of $3.4 billion could support 102,325 median workers’ jobs.[2]
Fortunately, the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act contains new tools to help limit runaway CEO pay. Shareholders now have a “say-on-pay” vote on executive compensation, and companies must disclose the ratio of CEO-to-worker pay at each company.
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