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International Business Times
International Business Times
Business
Thomas URBAIN

INSANE: Shareholders ok with soaring executive pay in us | Vintage Vibes

United States Elon Musk Kevin Murphy Bentley University Equilar Tesla Inc.
Tesla shareholders recently approved an enormous pay package for CEO Elon Musk (Credit: AFP)

Executive salaries at major US corporations are soaring -- but shareholders happy with stock prices and greater transparency over remuneration are not pushing back.

Between 2017 and 2023 the average annual compensation for a CEO at an S&P 500 company rose nearly 40 percent to $16.3 million, according to the consulting firm Equilar.

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