Median pay for America’s top CEOs rose 11.4% in 2023 to a record $23.7 million, according to pay consulting group Equilar. The increase in CEO pay is well ahead of the 3.4% inflation rate in 2023 and the 4.3% gain for the average worker. Topping Equilar’s list is Broadcom CEO Hock Tan, with total compensation of $161.8 million last year.
As Tesla tanks, top funds bet big on AI leader Broadcom stock, as well as Nvidia and Google. But market pressures rise.
Stock Market Today: The Dow Jones recovered after Israel's retaliatory strike on Iran. Netflix stock dived on weak sales forecasts.