After receiving substantial pay increases in 2021, CEOs saw their income drop in 2022, according to Gallagher’s new report, “CEO and Executive Compensation Trends: 2023 Edition”.
The study of more than 2,830 companies found that in 2022, CEO pay decreased 7.3% and 2.7% for the overall Russell 3000® and S&P 500® indices, respectively — starkly contrasting with increases of 35.5% and 18.7% for 2021. (CEO pay increased 0.1% and 3.4% in 2020.) READ MORE