Is 300000 a year rich?

Making $300,000 a year sounds like a lot of money. $300,000 is a top 10% income. But unfortunately, making $300,000 will provide you a very middle class lifestyle in a big expensive city if you have children. To make $300,000 usually means having to live in a more expensive city.

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Who decides a CEO’s salary?

At large public companies, boards of directors are usually in charge of how and what to pay their CEOs. It’s an expensive decision. Among the 350 top firms in the United States, the average CEO compensation package added up to $15.2 million in 2013, according to the Economic Policy Institute.

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