ISS-Corporate U.S. Compensation Analysis Finds Record CEO Pay and Continued Normalization of Pay Practices Post-Pandemic
NEW YORK (October 16, 2025) – ISS-Corporate, a leading provider of robust SaaS and expert advisory services to companies globally, today announced the release of its 2025 U.S. Compensation Post-Season Review report, analyzing trends in CEO pay at U.S. public companies in the 2025 proxy season. The report examines trends in pay-related themes including overall CEO pay increases, perquisites, say-on-pay resolutions and incentive programs.
Key findings include:
- Median S&P 500 CEO pay reached an all-time high in fiscal 2024, with a 6 percent increase over the previous year. Russell 3000 (excluding S&P 500) CEOs saw even sharper increases in median pay, at 11 percent growth. Pay growth was largely driven by increases in the value of long-term incentives.
- Both the value and prevalence of CEO security perquisites increased sharply among S&P 500 companies, underscoring increased safety concerns following the December 2024 tragic event involving the United Healthcare CEO. Since 2020, the number of S&P 500 companies disclosing CEO security benefits has nearly doubled. The median value of security perquisites almost quadrupled over that period, with close to half of that growth occurring in fiscal 2024 alone—to a median value of $28,382 as of June 30, 2025.
- Despite record levels of CEO pay, median support levels for say-on-pay resolutions remained strong (92.7 percent for S&P 500) during the 2025 meeting season, with the number of failed say-on-pay votes well below levels observed between 2021 and 2023. Fewer instances of discretionary pay adjustments and one-time grants likely contributed to strong shareholder support for compensation packages.
- Dramatic declines in the usage of diversity, equity and inclusion (DEI) and climate-related metrics after a period of rapid adoption in the past few years suggest a shift in corporate priorities and disclosure practices. The number of Russell 3000 companies implementing DEI metrics in short- or long-term incentive programs saw a drop of nearly 42%.
Despite record CEO pay, strong support for say-on-pay underscored the investor sentiment that executive pay was generally aligned with strong market performance this proxy season,” said Jun Frank, Head of Compensation & Governance Services at ISS-Corporate. “However, the relative peace many issuers have enjoyed the past couple years may be short-lived, as market volatility increases.
To read the full report, please click here.