Corporate CEOs received record compensation in 2020 even as the coronavirus pandemic rocked the economy and millions lost their jobs, according to the Wall Street Journal.
CEOs of the 322 largest U.S. corporations saw their median pay increase from $12.8 million in 2019 to $13.7 million last year, according to a Wall Street Journal analysis of compensation packages. CEO compensation skyrocketed while nearly 20 million Americans were laid off and the unemployment rate surged to 14.8% last year, the highest recorded rate since the 1930s.
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