CEO pay tumbled by 3.8% in 2015 to $10.8 million, down from $11.2 million in 2014.
Pay for chief executives took its biggest tumble since the financial crisis as weaker corporate performance slowed cash bonuses.
Median pay for the CEOs of nearly 300 large publicly traded companies slipped 3.8% to $10.8 million, a Wall Street Journal analysis of compensation data from MyLogIQ found.
Half of those CEOs saw either a total pay decline or rise by less than 1%.
The median rise in stock-based compensation — the biggest component of most CEO pay packages —was about 7%.
The median rise in cash pay, including salary and annual bonus, was 2%, down from 5.6% growth in 2014, the Journal found.
CEO pension values also fell on new federal regulations.