When it comes to executive compensation awards, increases continued in the fiscal year 2020 as if the pandemic were not besieging the country, according to the 14th edition of the Equilar 200, published in partnership with The New York Times.
The report analyzes CEO pay among U.S. public companies with revenues of more than $1 billion.
Equilar explained in a statement that CEOs' pay packages grew bigger in large part because compensation is awarded chiefly through equity, or the rights to earn shares of company stock either through continued service in the position (time-based) or by meeting unique detailed benchmarks (performance-based).
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