April 12, 2021

CEO median compensation reaches $13.7 million

 For heads of the 300 largest companies, CEO compensation surged to $13.7 million (up from $12.8 last year) in 2020 when the rest of the nation was suffering dramatic financial losses, according to The Wall Street Journal (4/12/21). Just one more example of the growing gulf between the top earners and the rest of us. 

for example, Norwegian Cruise Line's CEO Frank Del Rio doubled his pay to $36.4 million during the same year (2020) that the company lost $4 billion after cruises were cancelled and revenue's plummeted 80%. How does that make any sense?

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