General counsel compensation is rising partly because companies want their legal chief to have a slate of skills that is difficult to find in one person, according to a new report from Equilar.
October 09, 2023 at 06:00 AM
4 minute read
Reporter
General counsel compensation is growing faster than CEO compensation, narrowing the pay gap for the two C-suite roles, a new study from the research firm Equilar found.
The study found that median compensation for CEOs was 4.1 times that of general counsel in 2022. That compares with 4.3 times in 2018. The study included the 500 largest public companies by revenue that included GC pay in their proxy statements—179 firms in 2022.
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