The results are in and 2013 was a pretty good year to be a CEO.
Chief executives at large, publicly traded companies saw their median pay soar to a record $10.5 million in 2013, up from about $9.6 million in 2012, according to an analysis by the Associated Press and Equilar.
The annual survey looked at the pay packages of CEOs at 337 of S&P 500 companies. It found that at least two-thirds of those top executives received a raise last year, thanks to big profits and high stock prices.
The top earner, Nabors Industries CEO Anthony Petrello, received $68.2 million last year. The AP notes that Petrello’s pay went up by 246 percent since Nabors paid to buy out his previous contract. CBS’s Leslie Moonves nabbed the No. 2 spot, raking in $65.6 million.
The analysis, which ranked the 50 highest paid CEOs, accounted for salary, perks, bonuses and stock options of each of the executives using data submitted by companies in their annual regulatory filings.
Since the study only reviewed filings that were submitted through April 30, some companies that file later in the year were left out. Oracle is one example, but you can be sure that the tech giant’s CEO, Larry Ellison, would have likely nabbed a spot on the list. He received $76.9 million in stock options last year.
While median the pay of the CEOs in the report rose 8.8 percent, average workers in the U.S. saw their pay climb 1.3 percent in 2013. The study noted that, at that rate, workers would have to put 257 days on the clock to make what the typical CEO of an S&P 500 company makes every day.
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