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Salaries for employees were stagnant last year as CEOs got even richer

Rich executives got richer in 2016, as pay increases remained frozen for the average employee.

Chief executive salaries increased by 6% in 2016, according to a recent survey by advisory firm Willis Towers Watson — higher than the 4% increase in 2015 and the highest increase since 2013. Wages for executives have been increasing at a relatively moderate rate in recent years — for CEOs, at least. The survey attributed the increase of CEO compensation to uneven corporate performance, increasing annual bonuses and a sharp decrease in the value of stock option exercises.

As chief executives continued to get richer in 2016, the average employee saw only a 3% raise in their annual salary last year — the same they received the previous three years.

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