For Executives Only, CEOs Amass Billions in Savings With ‘Top Hat’ Plans

The top five executives at 500 large publicly traded companies held a combined $8.9 billion in the plans, according to two nonprofits

Michael Neidorff, the former CEO of Centene, and Walmart CEO Doug McMillon. Photo: BLOOMBERG NEWS; SHUTTERSTOCK

Compensation for chief executives has risen faster than worker salaries in the past few decades. A little known savings plan is making the wealth gap even wider. 

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