As most Americans have resigned themselves to the fact that merit increases are a thing of the past, and yearly reviews will only yield a pat on the back and new goals for the upcoming year, life is still good in the corner suite. CEO's are still getting raises, but don't be alarmed, you'll feel that trickle down effect any minute now.
In a study performed by Equilar which looks at the largest U.S. companies in terms of revenue, the average pay for CEO's of these firms was $15.5 million, and the median pay was $14.5 million, up 3% from 2015.
Oracle's Mark Hurd (see kids, you too can survive sex scandals, resign for lack of integrity and good judgement, and still make more than any other CEO in the U.S.) and Safra A. Catz top the list, tied at $53.2 million.
Without further delay, here are the highest paid CEO's in 2015
Incidentally, the top paid Co-CEO tandem of Mark Hurd and Safra Catz significantly under performed the S&P, as did Fox's Rupert Murdoch and Morgan Stanley's James Gorman.
We're sure that the boards of all of these companies, specifically ones that are under-performing, will propose executive pay changes when the economy grinds to a halt in 2016 and cost cuts are implemented to hold earnings estimates.
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