CEO pay took an increase in  2010, according to a study by The New York Times.

Median compensation was up 12 percent from 2009 to $9.6 million.

Since pay fell in 2008 and 2009, this  2010 increase signifies a turning point.

Supporters of  this CEO pay increase justify it due to growing corporate profits.

But, critics counter that not only does the increase in CEO pay far out pace the rise in worker pay, which only increased by 2.1% in 2010, millions of Americans are still unemployed.

Furthermore, some of the best paid CEOs are from corporations that received substantial government assistance during the economic crisis.

10 Highest Paid CEOs of 2010

10. $22.9 million Emerson Electric Chairman and Chief Executive Officer David N. Farr

9. $25.2 million CEO of IBM Samuel Palmisano

8. $26.5 million Ford CEO Alan Mulally

7. $28.0 million President and Chief Executive Officer of The Walt Disney Company Robert A. Iger

6. $28.2 million Brian L. Roberts, chairman and CEO of Comcast

5. $32.6 million John F. Lundgren, President & Chief Executive Officer of Stanley Black & Decker

4. $32.9 million Michael D. White, president and chief executive officer of DIRECTV

3. $70.1 million Oracle CEO Larry Ellison

2. $76.1 million Dr. Ray Irani, Chairman, CEO and President of Occidental Petroleum Corporation

1. $84.5 million Philippe P. Dauman, President and Chief Executive Officer of Viacom, Inc.

Source – International Business Insider

Image – NYHotelBlog

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