Of the eight CEOs of publicly traded companies based in the Chattanooga region, five got pay raises last year, two got pay cuts and one completed his first year with the company in April.
The compensation for top executives is included in annual financial reports to the U.S. Securities and Exchange Commission, typically published in the spring.
The largest locally based company by revenue is Unum, the nation’s largest provider of disability insurance and the only Fortune 500 company headquartered in Chattanooga.
(READ MORE: Venu CEO bemoaned low stock price before announcing Chattanooga amphitheater)
The increase in total compensation for most local CEOs tracks a global trend, according to a recent report. Chief executives of the world’s largest corporations got an 11% pay increase last year as the average global worker got a 0.5% pay increase, according to an analysis by the International Trade Union Confederation and Oxfam published in April.