CEO pay took its biggest nosedive since the financial crisis
That's according to The Wall Street Journal's Theo Francis and Joann S. Lublin, who report that median compensation came in at $10.8 million - down 3.8% from $11.2 million the year before.
That's the biggest year-on-year decline since 2007-2008.
Johnson and Johnson CEO Alex Gorsky's pay dropped 4.8% to $23.8 million from $25 million in 2014, according to the report.
American Express CEO Kenneth Chenault's compensation reportedly dropped 3.5% to $22 million from $22.8 million the year before.
Perhaps the most extreme decline is that of Hess Corp CEO John Hess. His compensation fell 42.7% to $12.9 million in 2015 from $22.5 million in 2014, according to the Journal.
The Securities and Exchange Commission in August adopted a new rule requiring public companies to disclose how much money CEOs earn in comparison to typical employees.
Read the full story in The Wall Street Journal »