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CEO pay rose nearly 10% in 2024 as stock prices and profits soared
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CEO pay rose nearly 10% in 2024 as stock prices and profits soared

  • By MAE ANDERSON and PAUL HARLOFF AP Business Writers

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply. The increase for those who occupy the corner office again outpaced the wage gains for the median worker at their company. At half the companies in AP's annual pay survey, it would take the worker at the middle of the company's pay scale 192 years to make what the CEO did in one. Rick Smith, the founder and CEO of Axon Enterprises, the maker of Tasers, topped the survey with a pay package valued at $164 million.