Median CEO pay crosses $10 million in 2013

By Ken Sweet

Published May 27, 2014 9:41pm ET

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Median CEO pay crosses $10 million in 2013 — This photo combination shows, from left, Nabors Industries CEO Anthony Petrello, in Houston, and TJX CEO Carol Meyrowitz, in Framingham, Mass. Petrello was the highest paid CEO in 2013, and Meyrowitz was the highest paid female CEO in 2013. (AP Photo/Houston Chronicle, Dave Rossman/Boston Globe, Suzanne Kreiter) BOSTON HERALD OUT, QUINCY OUT; NO SALES | Dave Rossman/Suzanne Kreiter

NEW YORK (AP) — They’re the $10 million men and women.

Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year. The head of a Standard & Poor’s 500 company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study.

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Income Inequality