Boston - CEOs at large US companies collectively realized at least $6bn more in compensation than initially estimated in annual disclosures in the five years after the financial crisis first hit, according to a Reuter’s analysis.
The reason for the windfall: the soaring value of their stock awards.
About 300 CEOs who served throughout the 2009 to 2013 period at S&P 500 companies together realized about $22bn in compensation in the form of pay, bonuses and share and option grants, or an average of $73m each, figures provided by executive compensation data firm Equilar show.