Health care stocks faced a challenging year in 2023, with companies falling short of their profit targets and some CEOs missing out on their bonuses. Despite this setback, the top players in the industry still managed to rake in a combined total of $3.5 billion, a drop from the $4 billion they earned in the previous year. The average CEO in the health care sector took home $11 million, while the median income stood at $4.1 million, down from $13 million and $4.3 million respectively in 2022.
Even during a downturn, the median salary of a health care CEO was 51 times higher than the median American household income, which was around $81,000 in 2023. The leaders of pharmaceutical companies and medical device firms continued to dominate the top earners list, thanks to the lucrative returns from their patented products.
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