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Those executives had a median pay gain of 23 percent in 2010, so if the trickle-down idea works, there will surely be plenty to trickle down to all of us.
While that total is only about one-twelfth of the annual packages for the most successful American executives, the percentage increase far outstripped the national average pay gain of about 4percentt.
If grandparents sell appreciated stocks to raise that cash, they have to pay gain taxes and lose the opportunity to step up the basis in these stocks at their deaths.
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Other metrics have shown stronger pay gains.
No wonder the typical American, while grousing over slow pay gains, isn't ready to turn totally pessimistic.
Whether that will translate into higher inflation depends on the reason for those pay gains, he said.
Overall, "CFOs are enjoying larger pay gains than other C-level executives", concludes the latest annual review of compensation trends by CFO Magazine, a sister publication of The Economist.
Most American families can thank the woman of the house for nearly all of the pay gains they have received over the last year.
But economists said those pay gains would begin to shrink next year, if not in the next few weeks, given the rapid drop in demand for workers.
PAGE B1 AVIVA'S CHIEF STEPS DOWN A shareholder revolt against executive pay gained momentum with the unexpected resignation of Andrew Moss, the chief executive of Aviva, the British insurance company, after its pay practices lost investor support.
LONDON — A shareholder revolt against executive pay gained momentum on Tuesday with the unexpected resignation of Andrew Moss, the chief executive of Aviva, the British insurance company, after its pay practices lost investor support.
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