As inflation chews up worker pay, top CEOs got 7.7% raise last year

For nearly two years, worker pay in the U.S. has fallen short of crushing increases in the cost of living. But a handful of the highest-paid CEOs have comfortably stayed ahead of inflation.

Average pay for top chief executives last year rose 7.7%, according to a report from Equilar, an executive compensation research firm. That raise comfortably beat out inflation, which was 6.4% in December. READ MORE