CEO pay was up 21% in 2022. These are the most overpaid CEOs, according to a shareholder advocacy group
, leaving millions of investors with big losses in their 401 accounts and portfolios. But there was one group that did quite well during these challenging times: chief executives.
But an investor advocacy group says some of the nation’s most well-known companies overpaid their chief executives. A newfrom As You Sow listed 100 “overpaid” CEOs who received high compensation in 2022 despite mixed shareholder returns for their companies. The As You Sow ranking is based on three factors: calculating CEO pay against shareholder returns for the year, the percentage of shareholders voting against CEO pay packages, and the ratio of the CEO’s pay compared to median worker compensation at the company.Fabrizio Freda—Estée Lauder, $66 millionGlenn Fogel—Booking Holdings, $54 millionJames Dimon—JPMorgan Chase & Co., $84.4 millionSome CEOs were compensated for helping to manage mergers and other major moves.
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