The Associated Press reports that American CEOs got an 8.5-percent raise last year, taking in a median of $11.5 million in salary, stock, and other compensation. It's the biggest CEO pay increase in three years.
The raises are a reflection of the bull market in stocks.
"Boards of directors increasingly require that CEOs push their stock price higher to collect their maximum possible payout, and the Standard & Poor's 500 index returned 12 percent last year," the AP reported. READ MORE