CEO pay at big companies rose nearly 19% last year to $24 million, report finds

The chief executives at major U.S. corporations received millions of dollars in bonuses or raises last year even as many companies saw slumping sales and job cuts because of the pandemic, a new analysis shows.

CEO compensation at the top 350 companies jumped nearly 19% in 2020 to an average $24.2 million, according to the Economic Policy Institute, a liberal-leaning think tank. By comparison, pay for rank-and-file workers last year rose roughly 4%. The typical corporate leader at big companies in 2020 made $351 for every dollar earned by a typical employee,...