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5 huge CEO pay raises

Executive compensation continues to march higher across the board, and these head honchos led the way with some jaw-dropping salary hikes last year.

By Alyssa Oursler, InvestorPlace

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It's no secret that the kings of business have watched their compensation explode in recent years, between mouth-watering CEO pay, sweet stock options and outrageous perks.

The median 2012 CEO pay package, for example, enjoyed a 16 percent year-over-year increase . . . even as the median household income showed no significant change (.pdf file). And that divergence is hardly new; CEO pay has grown 127 times faster than worker pay over the last three decades.

All the data for executive compensation in 2013 hasn't yet surfaced, since most filings are released a few months into the new year. But we already got a glimpse of this continuing trend, as a few head honchos were handed hefty pay raises throughout the year.

Take a look at five huge CEO pay raises of 2013.

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