Most companies not planning on better pay raises next year

Lower unemployment rates usually lead to a rise in salaries. But even as unemployment hovers near a six-year low, U.S. companies say they have no plans to make increases to the money they set aside for pay raises next year.

The finding is based on a survey of 461 companies commissioned by the Conference Board, which provides data on business trends. According to the report, companies plan to raise their budgets for pay increases by a median of 3% in 2017, the same rate as in each of the last six years.

THE WALL STREET JOURNAL, Market Watch, Dalilah Buzz,  Aug 2, 2016 4:53 p.m. ET

Read more here.

Here’s the Surprising Truth About How Much the Average CEO Earns

There’s been a lot of attention recently devoted to the outsized compensation packages some CEOs of well-known companies make. In fact, one recent studyfound that CEOs of the biggest U.S. companies earn, on average, a whopping $16.3 million annually. Apiece.

That’s crazy. But it’s actually not the norm. According to new research from Glassdoor.com, the median salary for an American chief executive today isn’t seven or eight figures — it doesn’t even crack the million-dollar mark. Rather, the average person with CEO on his or her business card makes a comfortable if not outrageous $177,800 a year.

• Martha C. White

Aug. 1, 2016, TIME MONEY

Read more here.