CEO pay rising twice as fast as worker pay: AP

CEO pay rising twice as fast as worker pay: AP
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CEO pay is going up more than twice as fast as pay for regular workers, according to a study The Associated Press commissioned from Equilar.
 
CEOs at the biggest companies got an $800,000 pay raise in 2018, equivalent to roughly a 7 percent increase, while the median worker saw just a 3 percent increase in their paychecks.
 
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The data examined pay for 340 CEOs from the S&P 500 who had served at least two full years and found that their median level of overall compensation increased to $12 million last year.
 
According to the AP, a typical worker would need to work for 158 years to earn what their CEOs earn in just one year.