Executive Pay Skyrockets 23% in 2010, Top 299 CEO's Get $3.4 Billion

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Executive Pay Skyrockets 23 Percent In 2010, Top 299 CEOs Get $3.4 Billion

First Posted: 04/19/11 11:42 AM ET Updated: 04/19/11 11:46


WASHINGTON -- CEOs at 299 U.S. companies earned a staggering $3.4 billion combined in executive compensation in 2010, a new study by the nation’s largest labor union found.

Nearly 190 of those chief executives got a pay raise compared to their 2009 levels, the AFL-CIO noted in a report presented to reporters on Tuesday. The total amount of compensation represented a 23 percent increase from the prior year. In all, the sum of the salaries earned by those 299 CEOs equalled the combined average earnings of more than 100,000 workers in their respective companies.