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Median CEO pay: $10 million puts these execs at 257 times the average pay

CBS CEO Les Moonvies makes a handsome living, nearing the top of the industry for execs
Photo by Mark Davis/Getty Images

The median CEO pay is $10 million now, according to the Associated Press via ABC News. What does this mean? Apparently it indicates that the typical CEO earns about 257 times your pay.

According to the AP, the median CEO pay, now at $10 million, has risen for the fourth straight year and has increased more than 50 percent over that time. Just a few short years ago, in 2009, the average chief executive officer salary was a mere 181 times the average person's salary.

Which CEO has the highest salary? It seems that oilfield-services company Nabors Industries CEO Anthony Petrello gets that honor. He reportedly took in $68.3 million last year. As for the highest-paid female CEO, that would be Carol Meyrowitz from TJX, the company that owns Marshall's and TJ Maxx. It is noted that a number of highly-paid CEOs, including Petrello, had higher-than-typical salaries due to lump sum payments during contract negotiations.

One name that may well jump out to many is that of Les Moonves of CBS. He reportedly was paid $65.6 million in 2013, thrusting him near the top of the S&P 500 CEOs. Of course most other media industry peers were paid quite handsomely as well. All of those noted in the AP report earned well above that median CEO pay of $10 million a year, with many over the $30 million mark.

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