According to an article by Jan Salisbury in Money magazine, some U.S. companies pay employees more than half a million dollars or more in annual pay. Examples cited include California-based cancer-research company Geron Corp. (median pay: $500,250) and New Jersey clean-energy firm NRG Yield (median pay: $964,000).
"Figures are for median pay, meaning they represent the mid-point for each company’s payroll, with an equal number of employees earning more and an equal number earning less," the article states. "Experts consider the median to be a better indicator of 'typical' pay than the average since a few exorbitantly paid executives can dramatically skew the average upwards."
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