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.

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