CEOs got smaller raises. It would still take a typical worker two lifetimes to make their annual pay

After ballooning for years, CEO pay growth is finally slowing. — AP

After ballooning for years, CEO pay growth is finally slowing.

The typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last year, to a median of US$14.8mil (RM67.94mil), according to data analysed for The Associated Press by Equilar. That means half the CEOs in the survey made more and half made less. It was the smallest increase since 2015.