Average pay of CEOs of S&P 500 companies rose to record $22.8 million following Elon Musk's nearly $1 trillion compensation, AFL-CIO finds
Elon Musk's compensation is setting new benchmarks for S&P 500 executive pay. Average CEO pay rose significantly, even as employee wages are facing pressure from artificial intelligence and labor board policies. Shareholder support for special executive awards is showing signs of decline.
Following Elon Musk's nearly $1 trillion compensation package from Tesla and SpaceX, the average pay of CEOs at S&P 500 companies surged to a record $22.8 million in 2025, according to a study by the American Federation of Labour and Congress of Industrial Organisations (AFL-CIO). The AFL-CIO found this figure to be the highest since they began tracking CEO pay in the 1990s and represents a 21% increase from the previous year.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Elon Musk discloses 48.4% stake in SpaceX in regulatory filing economictimes.indiatimes.com
