Average CEO Pay Sinks to $9.5M

Larry Ellison collect s cool $84M
By Mary Papenfuss,  Newser Staff
Posted Apr 5, 2010 2:10 AM CDT
Average CEO Pay Sinks to $9.5M
Buddy, can you spare $9.53 million?   (?Photos8.com)

Pity the poor CEO in this recession: average compensation for the honchos in the largest publicly traded companies in the US has sunk to a mere $9.53 million. That's down 15% over the previous year. Some CEOs have fared decidedly better than others. Oracle CEO Larry Ellsion topped this year's rankings with $84.5 million in compensation. The news comes amid continuing public fury over outsized rewards for company leaders, particularly at firms that have received healthy taxpayer bailouts, Reuters notes.
(Read more Larry Ellison stories.)

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