Pay growth for top executives at some of the largest US firms slowed last year as the pandemic hit, and bonus payments fell, a survey showed, shedding light on how this population cohort of affluent individuals has fared.

Willis Towers Watson’s Global Executive Compensation Analysis Team crunched the pay numbers on executives in S&P 1500 companies. There were smaller increases in both target and earned total CEO pay in 2020, increasing at the median by 4.7 per cent and 3.9 per cent, respectively. That is slower than the 6 per cent in target pay and 5.5 per cent increase in earned pay observed in the previous year and the lowest results since the 2015 to 2016 cycle. READ MORE