In an era when so many American workers have seen their wages stagnate or even fall, paychecks for top executives have climbed astronomically higher. And higher.
A new report shows that despite public outrage, the trend continues. Salaries for the 200 top-paid CEOs rose 5 percent last year to a median $14.5 million, according to a study by compensation-data company Equilar for The New York Times. The increase suggests that new Dodd-Frank regulations requiring shareholders to have a say in how much executives are paid are having little effect in reining in exorbitant executive-compensation packages.