Top 100 CEO Retirement Savings Equals 41% of U.S. Families
- CEOs' $4.9 billion in excess of 116 million people's accounts
- Former Yum CEO Novak tops list with $234.2 million in savings
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The retirement savings accumulated by just 100 chief executives are equal to the entire retirement accounts of 41 percent of U.S. families -- or more than 116 million people, a new study finds.
In a report scheduled for release today, the Center for Effective Government and Institute for Policy Studies found that the 100 largest chief executive retirement funds are worth an average of about $49.3 million per executive, or a combined $4.9 billion. David C. Novak, the recently departed chief executive officer of Yum! Brands Inc., is at the top of the list, with total retirement savings of $234.2 million.