Sixteen women heading companies in the Standard & Poors’s 500 Index averaged earnings of $14.2 million, 43% more than their male counterparts, according to Bloomberg News’ pay expert Graef Crystal. Women got a 9% raise, while men saw their salaries cut by 9%.
Boosted by a $47.2 million package for Carol Bartz of Yahoo! Inc. and $26.3 million for Irene Rosenfeld of Kraft Foods Inc., compensation for woman CEOs at the biggest U.S. companies is booming.
American women across the board may still be getting paid 77 cents for every dollar a man makes, but apparently nobody forwarded that memo to the C-suite.